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.
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