With coffers shrinking, states are keeping a close eye on President-elect Barack Obama's call for a multi-billion dollar fiscal package to boost the U.S. economy.
Stateline.org reports that several states are urging Congress to make sure that any package includes money for infrastructure projects, thereby creating jobs while helping rebuild crumbling roads and bridges across the country.
And Texas looks most ready to take advantage of such a New Deal-type effort. The state has $1.8 billion in projects ready to go as soon as the check clears, according to the American Association of State Highway and Transportation Officials. That's far more than any other state. (Who would have guessed New Mexico would come in second?)
(Graphic courtesy of Stateline.org)
So we are going to boost the economy with a loan. A loan that we will all have to pay for while our country is spending more than it's taking in. Sounds like the housing problem. Lenders lending to people who could not pay the loans back and we all see where that went. The "State" will benefit not us.
Posted by: JR | November 25, 2008 at 03:44 PM