12.26.2008

Without rail, would stimulus plan go off track?


In proposing a stimulus plan that could total as much as $1 trillion, Obama has promised a new federal infrastructure program that would dwarf President Dwight Eisenhower’s interstate highway system that began in 1956. Obama told reporters at a Dec. 7 news conference that his effort would go beyond “roads and bridges” and fund more innovative projects.



His plans are colliding with deep fiscal shortfalls among states with a backlog of road-building needs and pressure from lawmakers to use his economic recovery package mainly for “ready to go” projects that will immediately bolster the economy.

[From Bloomberg.com: Politics]


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