"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Monday, August 22, 2011

Obama to propose more "Shovel Ready" spending

Next it's "Think of the Children" in new shovel ready projects

In new spending many think Obama will target helping the children . . . and indirectly the education establishment that funds the Democratic Party at election time.

The jobs package that Comrade Obama plans to unveil shortly after Labor Day could include tens of billions of dollars in additional spending on "shovel ready" building projects to renovate thousands of  public schools.

Obama pushed the idea Wednesday during a stop in Alpha, Ill. "Yes, some of these things cost money," he said. "The way we pay for it is by doing more on deficit reduction," reports the Los Angeles Times.

The two-phase plan would probably require Obama to argue for spending more money in the short term while reducing the federal deficit over a longer period.

Comrade Obama does not say where these billions in special "magic" money will come from to pay for these new shovel ready projects.  I suspect it will come from the Fed's printing press.

The elements of Obama's plan remain under debate. But backers of the school renovation plan and the tax credit for hiring new workers think the proposals could attract Republican support. At the same time, they think that if the debate becomes a public confrontation, the ideas would give Obama the upper hand in a battle for voters.

"I like the optics of it," said Jared Bernstein, a former administration economics advisor and a proponent of the school rehab program. "It's the public school in your community, not a bunch of folks on a distant highway."

Supporters estimate that each $1 billion in school construction work would generate up to 10,000 jobs. A $50-billion program, for example, would underwrite half a million jobs by that calculation.

The average U.S. school building is 40 years old, and many are suffering from neglect — poor ventilation, energy inefficiencies and mold. A report by the American Society of Civil Engineers in 2009 gave the nation's public school facilities a D grade.

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