Where does the stimulus money go?

Discussion in 'Economy' started by Ame®icano, Oct 18, 2009.

  1. Ame®icano
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    Ame®icano Gold Member

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    Obama's advisers predicted and Obama announced that his stimulus package would hold unemployment at or below 8 percent. It's becoming painfully obvious that they were wrong about the whole stimulus bill. If you look the purpose of the stimulus bill, it's suppose to create jobs. Some of those jobs should have been created in order to fix the infrastructure like unsafe bridges.

    Rhode Island has scored at the top of the "Deficient Bridges List" with over 55%, as shown at the State by State map.

    I don't know how much money Rhode Island is going to spend on fixing bridges, but they certainly have some other priorities for stimulus money. $550K in stimulus cash will help pay for skateboard park
     
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  2. The Rabbi
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    The Rabbi Diamond Member

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    If teh GAO ever does an accounting for this money it will be an enormous scandal.
    You cannot push large amounts of money at anything, Iraq War, Katrina, Economy, without having massive waste. It is just too easy.
     
  3. chanel
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    chanel Silver Member

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    I believe only 10 percent of Jerseys money went to infrastructure. Half our bridges are falling down. Now that's something everyone left or right cares about. Sux for us.
     
  4. JakeStarkey
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    JakeStarkey Diamond Member Supporting Member

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    Conservative squirrels running around looking for acorns that don't exist. We ate your kind when I was growing, baiting them with nuts that did not exist.

    Less than 5% of the stimulus money has been spent. About 20% will be spent by 1 February. More than 80% will be spent five weeks before the November elections.

    With the economy solidly recovering, with the job loss being reversed (beginning Feb or Mar -- write it down, cons; unlike you and Bush, I am accountable for what I say), with folks feeling better: guess who is going to get smashed in the fall of 2010?

    My stupid party that refuses to learn so far from its mistakes.
     
  5. The Rabbi
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    The Rabbi Diamond Member

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    Another room-emptying stinker from Jake, King of the Unsubstantiated Statement.
    You'd better tell the administration that less than 5% has been spent:
    White House says stimulus money still kicking in - Yahoo! News

     
  6. chanel
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    chanel Silver Member

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    Ok jake We'll stay off the bridges til then Thanks for the heads up.
     
  7. Ame®icano
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    Ame®icano Gold Member

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    [​IMG]
     
  8. Luissa
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    Luissa Annoying Customer Supporting Member

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    well here they repaved a road that needed it ten years ago, they are re constructing two old buildings at the college I go to and are building a few new buildings at another college near me. We also have a bridge project in the works. So think of all the construction jobs that created.
     
  9. The Rabbi
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    The Rabbi Diamond Member

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    Why should we think of that?
    Why not think of all the real jobs that were destroyed when gov't had to tax and/or borrow to pay for this crap? Once the project is done, the job is over. It wont do anything. Had they allowed the market to allocate the resources instead they would have ended up with sustainable jobs that actually contributed to the economy in a permanent way.
     
  10. JakeStarkey
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    JakeStarkey Diamond Member Supporting Member

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    Well, hush my mouth, stoopid cons, I knew you stupidcons would fall for it. In fact, about 20% has been spent so far. That means about 80% is yet to be spent, almost all of it next year before the election. Here you go, and, you, RabbiwhogetsitwrongsoOften, read it carefully: Propublica | Stimulus:*How Fast We're Spending $792 Billion
     
    Last edited: Oct 18, 2009

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