Posted on 09/20/2011 5:31:07 AM PDT by WOBBLY BOB
It's a formula many officials at all levels of government hope to see repeated across the country. On Monday, U.S. Transportation Secretary Ray LaHood and Peter Rogoff, lead administrator of the Federal Transit Administration, joined Gov. Mark Dayton at the Union Depot to tout President Barack Obama's $447 billion jobs bill, which is moving through a divided Congress.
The bill, they said, would invest heavily in infrastructure projects such as roads, rail and bridges, putting more unemployed Americans back to work, if only for a few months to a few years at a time. At its heart, a key question: Can America build its way out of high unemployment and economic malaise?
Some say yes.
"These are the kinds of projects that we need to not just replicate, but accelerate," said Rogoff
(Excerpt) Read more at twincities.com ...
Actually, the bill is NOT moving through Congress. It hasn’t even been introduced yet.
so basically they’re using borrowed money they assume is coming?
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