MTA Prepares To Borrow $3B From Federal Reserve
| | No Comments
The MTA Board is expected to approve a resolution that would allow the agency to borrow the maximum amount from the Municipal Liquidity Facility fund.
Recent Streetsblog NYC posts about Federal Stimulus
Senate Dems Put Out Their Own Trillion Dollar Infrastructure Plan
| | No Comments
Senate Democrats have an infrastructure "blueprint" of their own, one that's weighted toward transit. The trouble is that Democrats have little power to set terms, and getting drawn into negotiations over an unnecessary infrastructure bill may not play out to their advantage.
Chuck Schumer and Nancy Pelosi Are Falling for Infrastructure Propaganda
| | No Comments
We're going to see a lot of stories about Donald Trump and infrastructure in the next few months, and this reporting will be heavily influenced by a message that has been honed and perfected by the American Society of Civil Engineers. It will be important to see through these arguments and view the Trump infrastructure plan with clear eyes.
Brookings: “Cash for Clunkers” Wasn’t Worth It
| | No Comments
Turns out paying people to buy cars isn’t a great policy for the economy or the environment. That’s the determination of a pair of Brookings Institution researchers who evaluated the effectiveness of the 2009 Cash for Clunkers program. The $2.85 billion program, part of President Obama’s economic stimulus package, produced only 2,050 “job-years,” according to researchers […]
Will Obama’s Transportation Jobs Plan Avoid Funding Sprawl?
| | No Comments
USDOT has made public the breakdown of President Obama’s $50 billion plan to create jobs through transportation infrastructure investment. The administration says: “It will put people to work upgrading 150,000 miles of road, laying/maintaining 4,000 miles of train tracks, restoring 150 miles of runways, and putting in place a next-generation air-traffic control system that will […]
Obama Includes Infra Bank in His Jobs Push; Mica Rejects It Out of Hand
| | No Comments
Last night, President Obama addressed a joint session of Congress to present his new jobs plan, a bill he’s calling the American Jobs Act. He relied on the well-worn appeal to people’s patriotic competitiveness by pointing out that China is improving its infrastructure while the U.S. is sitting idly by. Without mentioning the dollar figure […]