What’s more, there is no reason to think that our aggregate demand problem will be cured without some kind of aggressive change. The economist Brad DeLong has calculated that reasonable estimates of the current and future damage to our economy from the present crisis are greater than those from the Great Depression. “Unless something—and it will need to be something major—returns the U.S. to its pre-2008 growth trajectory, future economic historians will not regard the Great Depression as the worst business-cycle disaster of the industrial age,” he wrote in the journal Project Syndicate. “It is we who are living in their worst case.” Already our current weak economic expansion is near the length of the postwar average, and a new recession may strike at any time, which would erase the pitiful gains of the past five years. (God only knows what is cooking in the dungeons of Wall Street.) If we change nothing, we could be stuck in our current situation for decades. Japan has been mired in a similar trap for almost thirty years.
To sort through the federal grant programs, the authoritative source is the Catalog of Federal Domestic Assistance (CFDA). This catalog lists all of the available funding programs to all levels of government, nonprofit organizations, for-profit businesses, and other eligible entities. Search Grants within Grants.gov allows you to search, filter, and apply for specific opportunities to receive funding from one of these programs.
Way back during the post-World War II era, the economy was booming. Unemployment was very low, productivity was up, and workers’ wages were growing steadily in real terms—that is, even after adjusting for inflation. Along with the cost-of-living adjustments written into many job contracts, that meant wage-price inflationary spirals were always on the horizon. As a result, for about thirty years, from the mid-1940s through the ’70s, the main problem for economic policymakers was not growth or unemployment, it was simply keeping inflation in check. Since it’s very hard to cut wages, the Fed did that by repeatedly inducing small recessions. The idea was to create enough unemployment to slow both aggregate wage growth and the ensuing spending. Despite the often-uncomfortable abruptness with which the economy bounced from recession to rapid growth, this was still the greatest economic boom in American history.
A Categorical Grant is slightly more specific, and can only be used for precise and spelled-out purposes. Recipients of these grants must often "match" the funds provided by the government, or at least provide a portion of the overall cost. These are the most common grants provided, and an estimated 90% of grants distributed by the US Government fall into the categorical grant realm. Federal Grant Subrecipient Monitoring Policy
In addition to helping individual clients work through the array of questions and concerns surrounding federal grants, the attorneys in the Federal Grants group lead online webinars and in-person trainings and seminars for thousands of grantees each year on issues from cost allocation and time and effort reporting to governance and program monitoring. Federal Grant Expenditures
Grants, especially government grants, are some of the best financial aid available, and typically base themselves on need. Like scholarships, grants do not usually require repayment. There are many kinds of student grants available at national, state, college, and organizational levels. Federal grants provided by the United States government make up some of the most common sources of financial aid for undergraduates. Federal Grant Salary Cap 2018
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If you want to further your education but can’t afford the high costs of tuition, room, board, books, and more, an education grant might be a great option. The best and most broadly-offered funding source is the government’s Federal Pell Grant. This awards as much as $5,920 (2017-18 school year) to students each year that they qualify for need. And it doesn’t need to be repaid (unlike student loans).
Federal and state grants frequently receive criticism due to what are perceived to be excessive regulations and not include opportunities for small business, as well as for often giving more money per person to smaller states regardless of population or need. These criticisms include problems of overlap, duplication, excessive categorization, insufficient information, varying requirements, arbitrary federal decision-making, and grantsmanship (a funding bias toward entities most familiar with how to exploit the system, rather than to those most in need). Federal Grant Head Start
The most popular federal grant is the Pell Grant which is for undergraduates who do not have a bachelor’s or professional degree. There are cases where first-time graduate students are eligible for Pell grants. The maximum award changes yearly. The maximum award for the 2015-2016 academic year is $5,775. Your eligibility is decided by the FAFSA. Students whose total family income is $50,000 a year or less qualify, but most Pell grant money goes to students with a total family income below $20,000. The total amount of Pell money available to colleges is determined by government funding. Students who do receive the grant often get less than the maximum amount. Federal Grant Awards
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If you’re eligible for a Federal Pell Grant, you’ll receive the full amount you qualify for—each school participating in the program receives enough funds each year from the U.S. Department of Education to pay the Federal Pell Grant amounts for all its eligible students. The amount of any other student aid for which you might qualify does not affect the amount of your Federal Pell Grant. Federal Grant Listserv