New York's home town newspaper (THE DAILY NEWS) as she calls herself reported that the city housing projects have a back log of needed fixes even though the agency has 1billion dollars in federal money for repairs.
It was reported in the paper that this money would not be used until next year or later. How many jobs are not being filled because of this policy.
It's been reported in other sources that there are other programs through out the country that have money that is not being used and are in bank accounts. More jobs that haven't been created.
Lets go back to the first statement. What happens if there are at least 1 thousand bank accounts with 1 billion dollars of federal money in them. If the feds take that money back it would reduce the deficit by 1/16.
(What is the meaning of take the money back? It's called use it or lose it philosophy.)
What is the meaning of this blog?
(A) The deficits not as bad as those Chicken Littles are proclaiming.
(B) What good is giving out federal money if it's not going to be used.
(C) Stimulus will not work unless the money is used.
(D) All of the above.
(E) None of the above.
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