Report: R.I. 'Hitting the Cliff' As Stimulus Infusion Runs Out | CNSnews.com

Report: R.I. 'Hitting the Cliff' As Stimulus Infusion Runs Out | CNSnews.com: "(CNSNEws.com) - More than $1.9 billion in federal stimulus money has flowed into Rhode Island, the Providence Journal reported Monday, but despite the windfall, R.I.'s unemployment rate over the past two years never dropped below 9.9 percent -- which is where it was when President Obama signed the stimulus bill into law.

Gov. Lincoln Chafee will oversee the spending of the remaining stimulus funds. But he told the newspaper that any benefit to the state came at a price: 'You address the deficit, and good things are going to happen. With the stimulus money, we increased the [federal] deficit,” he said. “I’m sure it’s a done a lot of good things. Money always does. Now, we’re hitting the cliff. I’m coming into office with those stimulus monies evaporating. I’m dealing with the cards that were dealt me.”"

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