Our website is made possible by displaying online advertisements to our visitors.

Please consider supporting us by disabling your ad blocker.
Sign in to follow this  
Followers 0
Cinnamon

Fed pushes back as Congress eyes its billions

2 posts in this topic

<snip.

"For the Federal Reserve to be saying this impinges upon their integrity, etc., etc. — you know, it’s absurd," said Rep. Peter DeFazio, the top Democrat on the House transportation committee. "This is a body that creates money out of nothing."

<snip>

Read more: http://www.politico.com/story/2015/11/federal-reserve-congress-pushback-216086#ixzz3s9ZPEr5w

Oh, look! Someone in Congress actually gets it and says it out loud!  Careful there, DeFazio!  

Share this post


Link to post
Share on other sites

Why would we need funding for highways and transit?

Let's flashback to 2011 and the American Jobs Act that provided for 50 billion for new and pre-existing  infrastructure projects. It also created the National Infrastructure Bank capitalized with 10 billion.

https://en.wikipedia.org/wiki/American_Jobs_Act

Also that year we have the Surface and Air transportation Programs Extension Act

Highway programs: limit of $42.5 billion; authorizations for surface transportation research extended

https://en.wikipedia.org/wiki/Surface_and_Air_Transportation_Programs_Extension_Act_of_2011

 

They throw billions of dollars around like it was Halloween candy, free for the taking. Oh wait.....

Share this post


Link to post
Share on other sites
Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   You have pasted content with formatting.   Restore formatting

×   Your link has been automatically embedded.   Display as a link instead

Sign in to follow this  
Followers 0

Our website is made possible by displaying online advertisements to our visitors.

Please consider supporting us by disabling your ad blocker.