President-elect Barack Obama’s radio/Web video address on Nov. 22 seems to have opened the flood gates for various local and state governments to submit their wish lists for federal bailout money. Obama says he wants to help spark the economy by doling out billions of dollars in new funding for road, utility and other infrastructure construction supposedly just waiting for approval.
So officials across the country are jumping in line for the national charity giveway that opens Jan. 20. The Arizona Department of Transportation unveiled Thursday a list of highway, street and airport projects worth more than $1.3 billlion. On Monday, the U.S. Conference of Mayors issued a survey of cities nationwide, and came back with a list of projects worth $73 billion, including $3.2 billion just in Arizona. And Arizona State University President Michael Crow told the Tribune Editorial Board last week the nation’s public universities will be seeking their own dedicated bread line.
The official statement on Obama’s transition Web site claims he’s looking at a package of $25 billion in projects. But I’ve seen reports that the actual total amount of his stimulus plan could approach the $700 billion bailout approved by Congress in November (half of which already has gone to the U.S. Treasury for spreading around).
Forgive this doubting Thomas. But I have to point out that local governments and universities aren’t going to be getting “free” help from Washington. Taxpayers have to pay for all of these projects now, or with lots of interest in the future. And these projects have been waiting because taxpayers couldn’t afford to pay for them before. Why does Obama or anyone else think we can afford to pay for them in the middle of a deep and long recession?
On a side note, change.gov is a nice-looking Web site. But why doesn’t the Obama team have any links to video or transcriptions from his weekly radio addresses? It’s an odd mistake for a team that used new media so effectively during the 2008 campaign. Anyway, here’s the Nov. 22 speech from YouTube where Obama promises to break the federal coffers wide open.



