Posted by Supervisor Brad Mitzelfelt at 12:00 am on Dec 07, 2008 Comments Off on Stimulus is Non-Renewable
President-Elect Barack Obama announced Saturday that
he plans to revive the economy and create jobs by upgrading roads,
schools and energy efficiency in the greatest public-works
initiative since the interstate highway system in the 1950s.
His announcement was in response to news of more than a
half-million American job losses last month. He reportedly offered
no price estimate. As the Associated Press observed, “The
president-elect’s address never once used the word ‘spend,’ relying
instead on ‘invest’ or ‘investments,’ and pledging wise stewardship
of taxpayer money in upgrading roads and schools, and making public
buildings more energy-efficient."
Hmm. “Invest” in government spending… Echoes of Bill Clinton?
Absolutely. One of Clinton’s first acts in 1993 was to push a
package of public works money through a Congress controlled by his
own party. Sounds familiar indeed. The current thinking by
transportation policy advocates is to convince the government to
put up about $65 billion… Read More