$50 Billion in Infrastructure Spending Is Equal to 1.4 Percent of the Federal Budget

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Tuesday, 07 September 2010 04:19
It is also equal to about 4 percent of the $1.2 drop in annual demand (@ $600 billion in lost consumption and $600 billion in reduced construction) due to the collapse of the housing bubble. These would be items worth including in discussions of President Obama's latest infrastructure proposal for those wanting to know the impact it will have on the budget and the economy.