More BS. They have had the stimulus money for a year and a half and
haven't spent it yet. Now they want this additional money to spend.
Yet more deficit. This will be the same only different and they
promise to do the right thing with it - just trust them. Sorry but
with this crew trust does not exist. I wouldn't trust them to serve
coffee Far too many lies and far too much blaming anyone else but
themselves for what they don't do. The sooner they are gone the better.
On 09/06/2010 01:52 PM, Tommy News wrote:
Obama to Call for $50 Billion Spending on Public Works
John Moore/Getty Images
A Littleton, Colo., construction project in May 2009 was funded by
federal stimulus money. President Obama on Monday is expected to call
for government financing to start up a long-term public works plan
emphasizing transportation projects.
By SHERYL GAY STOLBERG
<http://topics.nytimes.com/top/reference/timestopics/people/s/sheryl_gay_stolberg/index.html?inline=nyt-per>
Published: September 6, 2010
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WASHINGTON – President Obama
<http://topics.nytimes.com/top/reference/timestopics/people/o/barack_obama/index.html?inline=nyt-per>
on Monday is to call for a down payment of $50 billion in government
spending to start up a long-term public works plan for
upgradingtransportation networks – roads, rail and airport runways –
over the next six years.
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<http://www.nytimes.com/2010/09/06/business/economy/06fed.html?ref=politics>
(September 6, 2010)
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Mr. Obama will lay out the plan, which is intended to promote the
creation of jobs over the coming year and beyond, during a trip to
Milwaukee on Monday afternoon, where he will observe Labor Day
<http://topics.nytimes.com/top/reference/timestopics/subjects/l/labor_day/index.html?inline=nyt-classifier>
by attending a union festival. It would require Congressional
approval, as it envisions extending and revising a broad
transportation policy bill that is usually renewed every five years or
so, but has been stalled in Congress.
Despite its uncertain prospects, the White House is highlighting its
proposal as one part of a broader economic recovery package that Mr.
Obama is to unveil during a speech in Cleveland on Wednesday.
With Democrats looking at a bleak election season, in large part
because of high unemployment, the White House has been scrambling to
find ways to jump-start the sagging economy.
Mr. Obama’s plan would call for investment over six years, the White
House says it would be front-loaded with an initial investment of $50
billion in taxpayer money, followed by even more spending in later
years, to help create jobs in as early as next year. The
administration says it would work with Congress to find ways to pay
for the plan, so that it would not add to the nation’s rising deficit.
One possibility would be to cut existing subsidies for oil
<http://topics.nytimes.com/top/news/business/energy-environment/oil-petroleum-and-gasoline/index.html?inline=nyt-classifier>
and gas exploration and production. Historically, transportation
projects have been paid for largely with dedicated taxes such as those
on gasoline.
White House officials said Mr. Obama wanted to rebuild 15,000 miles of
roads, construct and maintain 4,000 miles of railway – enough track to
span the continent — and rehabilitate or reconstruct 150 miles of
airport runways while putting in place a system that would reduce
travel time and airport delays.
The president will also call for what the White House is describing as
an “infrastructure bank” that would focus on paying for national and
regional transportation projects.
The $787 billion economic recovery act passed by Congress at the
beginning of Mr. Obama’s presidency already included considerable
spending on roads and other transportation infrastructure. But the
White House says Mr. Obama’s new plan is different, because it would
focus on a “long-term vision” as well as create jobs in the near term.
Since the end of last year, when the long-term surface transportation
legislation expired, infrastructure investments have been continued on
a temporary basis, even as a trust fund that finances them has fallen
into insolvency, the White House said. Mr. Obama’s plan would call on
Congress to enact a long-term reauthorization of that bill.
The idea for an infrastructure initiative, and in particular an
infrastructure bank to leverage public money for private investment,
is one that the White House chief of staff, Rahm Emanuel
<http://topics.nytimes.com/top/reference/timestopics/people/e/rahm_emanuel/index.html?inline=nyt-per>,
has been promoting for some time within the West Wing. It was not
included in the original $787 billion stimulus program in early 2009
because the administration and Congressional Democratic leaders wanted
to pass that package as quickly as possible given how fast the economy
was sinking in the weeks before Mr. Obama took office; changes in the
way public projects are determined and financed would have met
resistance in the large committees of Congress that have jurisdiction.
Lately the White House has been consulting with Representative James
L. Oberstar
<http://topics.nytimes.com/top/reference/timestopics/people/o/james_l_oberstar/index.html?inline=nyt-per>,
the Democrat from Minnesota who is chairman of the House
Transportation and Infrastructure Committee and who has been
developing legislation of his own.
The administration also has consulted with an influential,
tri-partisan trio – Ed Rendell
<http://topics.nytimes.com/top/reference/timestopics/people/r/edward_g_rendell/index.html?inline=nyt-per>,
the Democratic governor of Pennsylvania; Arnold Schwarzenegger
<http://topics.nytimes.com/top/reference/timestopics/people/s/arnold_schwarzenegger/index.html?inline=nyt-per>,
the Republican governor of California; and Michael R. Bloomberg
<http://topics.nytimes.com/top/reference/timestopics/people/b/michael_r_bloomberg/index.html?inline=nyt-per>,
the independent who is mayor of New York -- that recently formed a
group called Building America’s Future to press for more public and
private partnerships to invest in and modernize roads and bridges, air
traffic control systems, waterways, electricity grids and more.
The White House offered only sketchy details of the plan during a
background briefing for reporters Monday. Senior administration
officials said they have no estimate for how many jobs would be
created, but that it would be a ‘’a substantial number.” And they
declined to specify the total cost of the transportation package,
beyond saying that the initial $50 billion would represent a
substantial chunk of it.
The officials said that, under the best case scenario, if Congress
acts quickly, the plan could start creating jobs over the course of
2011. But the officials emphasized that the White House does not view
the proposal as a “stimulus, immediate jobs plan,” calling it instead
a “six-year reauthorization that’s front-loaded.”
With only a few weeks of this year’s Congressional session left before
lawmakers head home to campaign for re-election, the White House
concedes it may face an uphill battle in getting the plan passed this
fall, either before lawmakers break for the mid-terms or afterward, in
a lame-duck session. Typically, transportation measures do get
bipartisan support, but they often require months of work.
More:
-- http://www.nytimes.com/2010/09/07/us/politics/07obama.html
Together, we can change the world, one mind at a time.
Have a great day,
Tommy
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