Monday, September 6, 2010

President Wants More Stimulus At The Expense Of More US Jobs

The first porkulus for infrastructure didn't work, but he thinks this one will.

My Way News: The infrastructure investments are one part of a package of targeted proposals the White House is expected to announce in hopes of jump-starting the economy ahead of the November election. Obama will outline the infrastructure proposal Monday at a Labor Day event in Milwaukee.

While the proposal calls for investments over six years, the White House said spending would be front-loaded with an initial $50 billion to help create jobs in the near future.

The goals of the infrastructure plan include: rebuilding 150,000 miles of roads; constructing and maintaining 4,000 miles of railways, enough to go coast-to-coast; and rehabilitating or reconstructing 150 miles of airport runways, while also installing a new air navigation system designed to reduce travel times and delays.

Obama will also call for the creation of a permanent infrastructure bank that would focus on funding national and regional infrastructure projects.


And it's going to be paid for by and how?

Officials said the White House would consider closing a number of special tax breaks for oil and gas companies to pay for the proposal.

h/t The Lonely Conservative

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