Do the math

by Russ Roberts on February 11, 2009

in Stimulus

From the AP (HT: Drudge):

The Federal Highway Administration has estimated that every $1 billion
the federal government spends on infrastructure projects translates to
35,000 jobs. Collins put the total infrastructure spending — including
highways, mass transit,
environmental cleanups and broadband facilities — at $150 billion. Do
the math and that translates into more than 5 million jobs, based on
the highway administration's assumptions.

Or do the economics.


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