Thursday, December 04, 2008

THIS SUCKS...

One part of a proposed stimulus plan would boost infrastructure spending and I thought that was a great idea and I still do except it looks like it won't have much of an effect until next Fall.
Worries about next year
December 4, 2008, 9:07 am
Paul Krugman
NY Times

2. Infrastructure spending will take time to get going — a new Goldman Sachs report suggests that projects that are “shovel-ready” are probably only a few tens of billions worth, and that a larger effort would take much of a year to get going. Meanwhile, it’s very questionable how much effect tax rebates will have on consumer demand. So it may be hard for stimulus to get much traction until late 2009 — and that’s even if Congress goes along, which may be a problem given all the bad analysis and disinformation out there.

In the meantime, the city I live in is experiencing budget difficulties:
City must cut $31M more, Hein says
Parks-rec classes, Sun Tran service, police academy included in targets
By Rob O'Dell
Arizona Daily Star
Tucson, Arizona Published: 12.04.2008

In a memo sent to the City Council on Wednesday, the manager outlined $31 million in immediate cuts and fee increases, in addition to $51 million slashed in earlier rounds of budget reductions for the fiscal year, which ends June 30.

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