Tuesday, April 30, 2019

Road projects

Today the plans for a bi-partisan infrastructure program were laid out and the number $2 trillion dollars was tossed about. Back in 2009, former President Barack Obama made some lofty promises about the infrastructure overhaul that his $800 billion economic stimulus plan would provide. Obama used the phrase “shovel-ready projects” in reference to construction projects that could begin right away. In the end, however, only $98.3 billion of the $800 billion stimulus was dedicated to transportation and infrastructure. Of that $98.3 billion, only about $27.5 billion was actually spent on transportation infrastructure projects. One of the problems was the number of regulations which made a joke of the phrase shovel-ready. Lets hope things work better this time.

No comments:

Post a Comment