Get Congress on Track to Stimulate Mass Transit
Sunday, January 25th, 2009
“For every $1 billion we spend on transportation infrastructure, we get a 6-times multiplier effect and between 25,000 and 30,000 jobs created. . . . The Chinese are spending $600 billion over the next two years on infrastructure—while we are told we can only spend $40 billion?”
—Congressman Peter DeFazio (D-OR) to the House of Representatives
Q: Why are Democrats bowing to Republican demands for tax cuts ($300 billions’ worth in a $825 billion package)—and cutting badly needed appropriations for the Army Corps of Engineers / infrastructure / mass transit projects to win unobtainable “bipartisan” support for the stimulus bill?
Elana Schor at TalkingPointsMemo.com reports that the economic recovery package being considered in the House of Representatives gives “only $10 billion for rail and other public transportation projects, compared with $30 billion for roads.” The Senate Appropriations Committee is considering even less for mass transit projects: $9.5 billion. In a package projected to cost $825 billion, in a nation where public transit has been shortchanged for over a decade, that just ain’t enough. The U.S. spends about $12 billion each month in Iraq. Ten billion is as much as has been given to Goldman Sachs and Morgan Stanley (each) in the $700 billion bailout for banks and insurers—and only one-fifth of what Citigroup is getting.