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As of May 31, 2009, 4,098 highway and transit projects in all 50 States, three Territories, and the District of Columbia had been put out to bid and work had begun on 1,243 projects in 47 States and the District of Columbia.
With somewhere between 5 and 12 percent of the first package actually being used, shouldn't the question be, why is it just sitting (and is it getting interest).
It isn't some pile of money that could be put anywhere to earn interest. Otherwise, you've gotten about a third of this year's Make Work Pay tax cut so far because they began showing up in April and it's only July. Same with food stamps, unemployment benefits, and some direct aid to states. It has been flowing out and will continue to over the rest of the year. For much of the infrastructure money, there needed to be created an expanded administrative and oversight capacity. Remember the howls when there was no oversight included in that first TARP bill? Well, if you want oversight, you have to wait for it to be set up and staffed. Most of that is up and running now. More than a thousand projects are already underway. The bulk of them will be on-line later this year, even more next year.
Let there be no doubt: Democrats are the party with two ideas: borrow and spend.
White House economic adviser Laura D’Andrea Tyson told an international economic conference:
“We should be planning on a contingency basis for a second round of stimulus.†Team Obama flack Robert Gibbs says the president isn’t “ruling anything out, but at the same time he’s not ruling anything in.â€
Porkulus One was a massive payoff to special interests and political constituencies (and dead people!) disguised as a job generator. The Waxman-Markey “cap and trade†bill that passed the House two weeks ago contained bribes galore—including a $50 million hurricane research center for Florida Democrat Alan Grayson and a $3.5 billion economic development “sweetener†package for Ohio Democrat Marcy Kaptur.
CNSNews.com - The Bankrupt Party of Porkulus (http://www.cnsnews.com/public/content/article.aspx?RsrcID=50824 - broken link)
When the two parties split the government from the beginning of Reagan's administration to the end of Clinton's administration, what happened to the debt?
When the Republicans had it all between 2000 and 2006, what happened to the debt?
Obama's administration is continuing the "conservative-liberal" big spending tradition that started with Reagan.
When the two parties split the government from the beginning of Reagan's administration to the end of Clinton's administration, what happened to the debt?
When the Republicans had it all between 2000 and 2006, what happened to the debt?
Obama's administration is continuing the "conservative-liberal" big spending tradition that started with Reagan.
Not Reagan! You can't say that about the holy one. (and saying he is similar to the current president). Oh me oh my.
Republicans, on the other hand are fiscally responsible . Arnold and GW Bush are some good examples of Republican superiority when it comes to fiscal matters.
Republicans, on the other hand are fiscally responsible . Arnold and GW Bush are some good examples of Republican superiority when it comes to fiscal matters.
GWB and arnold are two individuals in the party. Just because you have a few idiots in the party doesn't mean you should abandon the party.
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What's that saying about glass houses?
. Arnold and GW Bush are some good examples of Republican superiority when it comes to fiscal matters.
