Saturday, April 16, 2011

Highway Spending Bill and Construction Jobs

You may remember reading last August about the monumental transportation-funding bill that was signed into existence by President Bush. The measure allocated a staggering 286.5 billion dollars for use in highway and transit spending. It is difficult to get a grasp on the number itself, let alone what it can potentially end up meaning for the country and it's workers. According to the American Road and Transportation Builders Association, as quoted by Bloomberg (http://www.earthmoverschool.com/bill.htm), each addition billion dollars spent on road construction is worth more than 47,000 American jobs. This means that, in the long run, the transportation bill will be worth literally hundreds of thousands of jobs.

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