| EpiBlogue
Main Entry: epiblogue Function: noun Date: 21st century Etymology: Net English epi- + blog, from Middle English epiloge, from Middle French epilogue, from Latin epilogus, from Greek epilogos, from epilegein to say in addition, from epi- + legein to say -- more at LEGEND : an afterthought posted online
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Friday, March 11, 2005
Los Angeles Times :: Nation's Infrastructure Crumbling
Article
The report said $1.6 trillion should be spent over the next five years to alleviate potential problems with the nation's infrastructure. Transportation alone requires $94 billion in annual spending, the report said. How much have the Bush administration tax cuts cost? ACSE Report Card for America's Infrastructure* Through fiscal year 2005, the Bush tax cuts enacted since 2001 have cost $819 billion. Before they expire, they will cost another $1 trillion, for a total cost of $1.9 trillion. * Because these tax cuts have not been paid for, their cost represents a permanent increase in the debt. The associated interest payments will continue even after the time when the enacted tax cuts are scheduled to expire. That is why the graph on the previous page shows a cost associated with the enacted tax cuts of more than $100 billion a year even after they have expired in 2010. In total, the interest costs associated with the enacted tax cuts will be $1.1 trillion through 2015. * The combined cost of the tax cuts enacted since 2001 and the cost of extending the tax cuts would be $5.1 trillion through 2015, when interest costs are included. Of that total, $4.2 trillion would occur in the period between 2006 and 2015 Source: Center on Budget and Policy Priorities ____________________ 0 Comments:____________________ |
