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Bridges Deleted; Alaska Gets the Money Anyway
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“Mandatory funding for two controversial bridge projects in Alaska–including the ridiculed lsquo;bridge to nowhere’–has been stripped from a federal spending bill, a congressional committee said on Wednesday.hellip; As a compromise, Alaska will still receive the money that had been set aside for the bridges to spend as it likes on transportation needs.” (Reuters [1], Thursday)
On Capitol Hill this is called budget-cutting.
FEE Timely Classic
“The Politics of Deficit Spending” [2] by Hans F. Sennholz
Article printed from Foundation for Economic Education: http://www.fee.org
URL to article: http://www.fee.org/articles/in-brief/bridges-deleted-alaska-gets-the-money-anyway/
URLs in this post:
[1] Reuters: http://today.reuters.com/investing/financeArticle.aspx?type=bondsNewsamp;storyID=2005-11-16T200210Z_01_N16597988_RTRIDST_0_TRANSPORT-BRIDGE.XML
[2] “The Politics of Deficit Spending”: http://www.fee.org/publications/the-freeman/article.asp?aid=2067
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