Exactly, where did that $300 billion that was to do just that go?
A squadron of Obama officials came to the Capitol to brief the House Democrats on the measure, and they again heard criticism for some of Obama’s proposed tax cuts, particularly a $3,000 credit for job creation. Lawmakers pressed for more infrastructure spending and tax credits to promote renewable energy and said that more needs to be done to address the housing crisis.
Senator Barbara Boxer, D-Calf., said about 20 percent of the bill would provide aid to the cash-strapped states, with 40 percent, or $300 billion for tax cuts for individuals and businesses. The remaining 40 percent would go to spending programs that generate immediate new jobs such as road construction and infrastructure related projects, help for the unemployed and renewable energy projects.
“Spend more on infrastructure. That was a recommendation made in the caucus”, Rep. Pomeroy said. Financial Services Committee Chairperson Barney Frank, D-Mass., said money will be added to have state and local governments buy up foreclosed homes.
Several states such as Colorado, Oregon, Florida, California and New York await the passing of a stimulus package for road construction and infrastructure projects currently on the shelf due to the economic budget crisis.
- See more at:
Obama Stimulus Plan Road Construction Renewable Energy Infrastructure Jobs Granted.com
Just the wealthy use the infrastructure?
That's why we all pay taxes. One of the points of doing so is to build infrastructure.
I thought that was why Obama was elected, given a Dem Congress, and several programs totalling trillions?
Where did all that money go?