When $1 Billion Doesn’t Buy What it Used To — And When it Does
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Since Washington’s economic recovery debate first began last fall, advocates for greater infrastructure investment have invoked one phrase more often than almost any other: "Every $1 billion spent on transportation creates 47,500 jobs." How many transportation jobs could this $1 billion create? (Photo: Infosthetics) Sen. Charles Schumer (D-NY) and Rep. Jerrold Nadler (D-NY) used that […]