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It will take years to have any effect.
Overall, only $26 billion out of $274 billion in infrastructure spending would be delivered into the economy by the Sept. 30 end of the budget year, just 7 percent. Just one in seven dollars of a huge $18.5 billion investment in energy efficiency and renewable energy programs would be spent within a year and a half.It will take years to go into effect and by the time it does it will actually be a bad thing -- causing massive inflation.And other pieces, such as efforts to bring broadband Internet service to rural and underserved areas won't get started in earnest for years, while just one-fourth of clean drinking water projects can be completed by October of next year.
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- Topics:
- Government Spending
Jonathan Garthwaite
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Jonathan Garthwaite is General Manager of Townhall.com/HotAir.com
