Thursday, December 3, 2009

Mega Infrastructure Bill To Make Jobs?

We are talking about "the most expensive public works legislation in US history" having creative billions reserved as special earmarking to the tune of "$24 billion for a staggering 6,376 pet projects, spread among virtually every congressional district in the land".

"The enormous bill -- 1,752 pages long" costing "$286.4 BILLION" known as "the highway bill" was the republican congress and republican president's bill passed in late 2005.

But it did not stop the Minnesota bridge from collapsing and killing American citizens, nor did it stop the great recession that is still ongoing.

So how is the next most expensive public works legislation in US history going to be any different?

The answer is that nothing is going to work until we stop destroying wealth with the stupid wars, the stupid military spending gone pork barrel wild, and the stupid military propaganda deciding our fate.

Read this following quote slowly, remembering that it was done while the exorbitant costs of war were not being included in the budget a few years back, while everyone was smitten with bubbleosis, that economic disease which says this economic universe is expanding forever baby, and while we were in the love of war daze:
AT $286.4 BILLION, the highway bill just passed by Congress is the most expensive public works legislation in US history. In addition to funding the interstate highway system and other federal transportation programs, it sets a new record for pork-barrel spending, earmarking $24 billion for a staggering 6,376 pet projects, spread among virtually every congressional district in the land. The enormous bill -- 1,752 pages long -- wasn't made public until just before it was brought to a vote, and so, as The New York Times noted, ''it is safe to bet that none of the lawmakers, not even the main authors, had read the entire package."

That didn't stop them from voting for it. It passed 412 to 8 in the House, 91 to 4 in the Senate.
(Boston Globe, August 2005, emphasis added, see also PBS Transcript). Once again, why didn't the greatest infrastructure spending in fiscal history not help the economy?

Because war is the most expensive and economically destructive endeavor any nation can partake of. As long as we have nation building and wars like we have now we will have economic problems.

Final question, where did that money really go?

This mystery continues.

No comments:

Post a Comment

Post a Comment