Reply #12: President Obama will be making up the additional hundreds of billions in infrastructure from other [View All]

[4lbs]

spots.

As the Iraq War draws down, that's a $250 billion savings.

President Obama can direct $200 billion of that money that would have gone to Iraq into infrastructure. That's federal budget stuff.

Also, TARP. The FDIC will use most, BUT NOT ALL, of it to buy up those troubled mortgages. I still expect about $100 billion to remain. For example, buying up a million troubled mortgages at an average of $250K each is $250 billion. Leaves $100 billion.

Why couldn't the POTUS and US Treasury use this remaining $100 billion to "finance" federal structure improvements and new building? Federal monies used for federal infrastructure. You know, like renovating the DC Mall, whose money was revoked from the $825 billion stimulus?

Then there will be the healthcare reform bill later this year. That will be additional hundreds of billions. Couldn't some go to renovate the infrastructure of our VA hospitals? Replace ceiling tiles, re-roof, repaint, etc.