Jump to content
Sign Up To Remove Ads! | Purchase An Ad Slot!


This topic is now archived and is closed to further replies. Want this topic removed from the archive?


Fed pushes back as Congress eyes its billions

Recommended Posts

 Cinnamon    28,895


"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."


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
 YourMom2    1,359

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.


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



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