Tech projects to get big splash from second wave of stimulus spending

A new wave of spending under the American Recovery and Reinvestment Act will happen over the next year, and information technology projects will get a lot of the green, said Edward DeSeve, special advisor to the Office of Management Budget and director for implementation of the Recovery Act. "Without innovation, the American economy has no where to go," DeSeve said. "We can't do the things that we've been doing, we have to do new things, and technology will be an extraordinarily important force in implementing the long term aspects of the Recovery Act." Health IT, for example, will receive significant funding over the next year, DeSeve said. About $20 billion will be applied to health-related projects, he said.