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Thread: Economic benefits of 'shovel-ready' transport projects won't appear until 2011

  1. #1

    Economic benefits of 'shovel-ready' transport projects won't appear until 2011

    Below is an interesting blog post from the DC streets blog about the pitfalls of shovel-ready projects.

    http://dc.streetsblog.org/2010/01/19...vel-readiness/

    My top take-away from the article was:

    "Overall, the CBO gave new infrastructure aid a "multiplier effect" of somewhere between 0.50 and 1.20, meaning that every $1 in spending would translate into $1.20 in economic benefits in the best-case scenario...Only two policy options yielded a higher multiplier effect than infrastructure, according to the CBO's modeling: more aid to the unemployed (between 0.70 and 1.90) and payroll tax cuts for firms that add new workers (between 0.40 and 1.30)."

  2. #2
    Member
    Registered
    Aug 2005
    Location
    Forest Hills, NY
    Posts
    18

    Happy Birthday post (and joke)

    Since we've been asked to post to wish Dan a happy birthday, consider this my birthday post!

    At any rate, here's the joke: if something is shovel ready that means it probably belongs in the grave!

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