Suppot Navajo Adults with Developmental Disabilities


 

August 17, 2009 @ 2:56 pm
So Much for Green “Stimulus”

Bookmark and Share recovery

I’m sure you’ve noticed the burgeoning government spending of late. I know I have, and I’m not looking forward to the future tax implications. What’s most interesting to me about the alphabet soup of acronym spending and lending programs; TARP, TALF, CARS, the list goes on and on – is that the U.S. government has committed to spending so much of our money that it is actually having trouble spending it fast enough to have an impact on the economy. Case in point, the “Stimulus” Act. As job losses have continued piling up, I have continued to read about the lack of funds being spent and the dubious projects that funds are being spent on.

In over 6 months, less than 10% has been spent by the various bureaucracies entrusted with funding. Does this mean they will ultimately curtail the programs? Doubtful. As I remember, the stimulus was supposed to be implemented swiftly to fund “shovel-ready” projects and invest in our crumbling infrastructure. Apparently a $3.4 million tunnel in Florida designed to provide a safe crossing for turtles was a priority. No word yet on which turtle language will be chosen for the signage. Maybe even more absurd, $18 million was spent to redesign the website that tracks stimulus spending. Obama should have called me, I would have done the work for not a penny over $5 million. Even less if he let me outsource the coding (Source for project figures: CNN Op-Ed).

How about that infrastructure? According to an AP analysis, “Of the 2,476 bridges scheduled to receive stimulus money so far, nearly half have passed inspections with high marks, according to federal data. Those 1,123 sound bridges received such high inspection ratings that they normally would not qualify for federal bridge money, yet they will share in more than $1.2 billion in stimulus money. In all, 1,286 deficient or obsolete bridges are expected to share $2.2 billion in stimulus money for repairs…But that’s less than 1 percent of the more than 150,000 bridges nationwide that engineers have labeled deficient or obsolete.”

stimulus-cartoon

Clearly, the results thus far have been less than stellar, which leads me to the equally poor showing of the green components to the stimulus. Millions of green jobs have not arrived and they are not immediately on the way either because less than half of 1% of the green “stimulus” has been spent. Prospective programs were included in the allocations of $111 billion for infrastructure (including mass transit) and $8 billion for energy. According to Green Building Law, “…a total of $33.2 million has been paid out for green stimulus programs, and an additional $307 million in public transit dollars, of the allocated $119 BILLION.  That is .28% of the total allocation…” In maybe the most dramatic example, the General Services Administration (GSA) was awarded a budget of $4,500,000,000, yes $4.5 BILLION for “High Performance Green Buildings” and so far they have spent a shade over $230,000. Hey guys and gals at the GSA, take a look at my products page and give me a call would you?

The big lesson in all of this: incentives for private investment are more efficient than than public spending. Take note, health care debaters…

Bookmark and Share

One Response to “So Much for Green “Stimulus””

  1. Jonnie Says:

    I could not have said it better. Well done and well said!

    Jonnie

Comment

You must be logged in to post a comment.

Top

Blogs
Organizations
Reference/Media

Copyright © 2009 Genuity Partners LLC. All rights reserved.