Obama budget plan could create millions of jobs

[babylonsister]

Obama budget plan could create millions of jobs
By Paul Davidson, USA TODAY


President Obama's proposed fiscal 2012 budget is potentially a massive job-creation engine, with plans to generate millions of them by repairing and expanding highways, bridges and railways.

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The plan calls for $53 billion to build a high-speed rail system, $336 billion for highways and a "national infrastructure bank" that would combine public and private money to build national or regional transportation systems.

Associated General Contractors (AGC), a trade group for the construction industry, estimates the plan could create about 5.4 million construction jobs and 10 million more jobs in related industries and the broader economy.

The proposal calls for new outlays to be offset by new revenue. So, a trust fund that now finances highway projects and raises about $35 billion a year largely from a gasoline tax would also pay for other things. Additional revenue could come from tolls or other sources.

more...

http://www.usatoday.com/news/washington/2011-02-15-infrastructure15_ST_N.htm

[vaberella]

1. I love how one poster asked when the budget came out..."Does it create jobs?"

Read it for yourself. There are so many job building aspects in this bill it's ridiculous. Thanks for the post Babylonsister.

[phleshdef]

2. Obama proposes creating 15 million jobs. Net progressives call him nasty names.

And we wonder why the other side is so much better at keeping it together.

[bigwillq]

3. I'm all for jobs.

Let's hope they're created.

K and R