Killing the Myth of the ‘More Shovel-Ready’ Road Stimulus, Part II
It has become one of the most enduring anecdotes surrounding the Obama administration's $787 billion economic stimulus law: Democrats' contention that White House adviser Larry Summers sliced transit aid by more than half, to $8.4 billion, out of concerns that projects were not "shovel-ready" enough.
Okay ... but things could have changed in September, right? The House transportation committee released updated stimulus spending reports yesterday, as it happens, and they show that transit stimulus spending is still outpacing highway stimulus.
Streetsblog Capitol Hill's analysis found $627.7 million in transit aid spent by the states, or 7.5 percent of the total pot. Highway stimulus spending totaled $1.64 billion, or 6 percent of the entire fund for roads and bridges.
We'll continue crunching the monthly numbers as they are released -- or until Summers issues an unlikely mea culpa. In the meantime, check out video of Rep. Pete DeFazio's (D-OR) no-holds-barred take on this issue after the jump.