Monday, September 6, 2010

Obama Calls for Infrastructure Spending

Obama is planning on calling for a multi-year effort to rebuild America's transportation infrastructure as part of series of proposals to breathe life into the economy. The administration plans for the spending, $50 billion initially, to be deficit neutral by closing tax loop-holes. It seems unlikely that spending money and then taking an equivalent amount from targeted industries will be net positive to the economy. I don't know where Obama learned math.

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