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Within the past couple of months, the City of Los Angeles has suffered at least two major water main blowouts. There may have been a thirds, but I'm not sure of that. What I am sure of is that the LA Department of Water and Power estimated that it would cost four billion to bring their water pipes up to snuff.
From buckling sidewalks to potholed thoroughfares to storm drains that can’t handle a little rain, the infrastructure that holds the second-largest U.S. city together is suffering from years of deferred maintenance. Bringing pipes that deliver water to 3.9 million people up to snuff could cost $4 billion -- more than half the city’s annual operating budget. The bill for repaving streets will be almost that much, according to estimates from a city consultant, and patching or replacing cracked sidewalks will require $640 million.
“We’re in trouble,” said Jack Humphreville, the budget advocate for L.A.’s advisory neighborhood councils. His estimate, based on figures provided by the city, is that getting public works into good shape will take $10 billion to $15 billion. “This is no different from debt.”
Do you realize Pa is a big state, more roads per-capita than any other state, Pgh. alone has about 500 bridges. With 25,000 state owned bridges in Pennsylvania 3+ billion won't even scrape the surface.
I see you choose to ignore the huge list of shovel ready projects that were done in your state. Figured you said you haven't seen anything, now you have a list to go see all the completed shovel ready projects that happened.
And you are right, a couple billion won't fix all of the infrastructure in PA, no one claimed it did. You said you haven't seen any projects completed so either you were lying or you actually had no idea a couple billion was spent on projects in your state.
Also, I am still waiting for you to explain the $16 trillion, seeing there have been no $16 trillion bailout/stimulus for infrastructure.
and the shovel ready jobs you are talking about that didnt happen is based on a combination of states not taking the money and waiting to long to apply for it.
I see you choose to ignore the huge list of shovel ready projects that were done in your state. Figured you said you haven't seen anything, now you have a list to go see all the completed shovel ready projects that happened.
And you are right, a couple billion won't fix all of the infrastructure in PA, no one claimed it did. You said you haven't seen any projects completed so either you were lying or you actually had no idea a couple billion was spent on projects in your state.
Also, I am still waiting for you to explain the $16 trillion, seeing there have been no $16 trillion bailout/stimulus for infrastructure.
I see you choose to ignore the huge list of shovel ready projects that were done in your state. Figured you said you haven't seen anything, now you have a list to go see all the completed shovel ready projects that happened.
And you are right, a couple billion won't fix all of the infrastructure in PA, no one claimed it did. You said you haven't seen any projects completed so either you were lying or you actually had no idea a couple billion was spent on projects in your state.
Also, I am still waiting for you to explain the $16 trillion, seeing there have been no $16 trillion bailout/stimulus for infrastructure.
I, like several others, it seems, originally thought the OP was mistaking the 16 trillion plus national debt with the TARP bailouts.
Having looked through the Forbes article, now I understand. The figure given for Fed activity is astounding. I knew from long back, maybe 2008, that the Fed was doing a lot of stuff in secret to prop up businesses deemed to key key to keeping the economy from collapsing. (So why did we need TARP?) I had no clue before reading this article just how much they were doing.
PS I note that the article you reference is dated 9/10.2011. I wonder how much that figure has grown since then.
Our government would rather spend the money on foreign aid and military :@
The U.S. Defense Machine / Military Complex requires constant feeding.
Foreign military aid is used to pay for orders of Made in the USA military equipment.
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