Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

12 of 13
BACKNEXT
How much will each state receive?
How much will each state receive?
Michael Kuske, 46, is a software engineer.
Question: "I would love to know, as close to the penny as possible, how the money will break down by state. It seems to me that there were a group of people that lived outside their means. Now those of us who lived within our means have to pay for those who didn't. Why should states get bailed out?" - Michael Kuske, San Antonio, Texas

Expert: Will Straw, associate director for Economic Growth, Center for American Progress

Answer: The stimulus legislation sets out the formulas for allocating the money to the states. In most cases, the money is being divided up according to existing formulas of federal aid to the states. In other cases, the funds will be distributed through competitive grants to states and localities, or will flow through federal agencies. For a comprehensive look at what each state is likely to get, see this interactive map.

As to why the states deserve a bailout, this is a severe economic crisis. Job losses are occurring at rate not seen since 1940s. It's affecting every corner of U.S. If the federal government doesn't help out states and localities, the recession will be much graver. Also, the stimulus package will ensure that states do not have to cut back on critical public services or raise taxes, which would be catastrophic to local growth prospects at this time.

NEXT: Where to read the bill
Last updated February 24 2009: 6:58 AM ET
More Galleries
Five most expensive cars sold at Pebble Beach These classic cars went for seven figure sums at the world's premier classic car event. More
Seats that move! Rain! Movie-watching goes beyond 3D How can movie theaters compete when many prefer to watch streaming video from their own comfy couches? Some hope a new interactive technology will lure audiences with immersive effects. More
15 cool cars for sale at Pebble Beach While these events are best known for seven-figure classics, just about everything crosses the block at Pebble Beach. More

Special Offer