Wednesday, April 15, 2009

Obama Extols Stimulus Spending - WSJ.com

Obama Extols Stimulus Spending - WSJ.com: "WASHINGTON -- President Barack Obama said Monday the $787 billion economic stimulus plan is beginning to take hold and that work is coming in 'ahead of schedule and under budget.'

Standing alongside Vice President Joe Biden and Transportation Secretary Ray LaHood at the agency, Mr. Obama highlighted the administration's 2,000th project funded through the $48.1 billion part of the program allocated specifically to transportation infrastructure projects.

'What is most remarkable about this effort … isn't just the size of our investment or the number of projects we're investing in. It's how quickly, efficiently and responsibly those investments have been made,' Mr. Obama said. 'Because these projects are getting approved more quickly than we thought ... and because these projects are costing less than we thought, we can utter a sentence rarely heard in recent years: This government effort is coming in ahead of schedule and under budget.'"

When you have the largest budget in history .. more inflated than the previous 4 budgets combined, I suppose that coming in under budget is not so surprising.

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