You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Weatherization stimulus off to cold start [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Topic Forums » Environment/Energy Donate to DU
phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 09:53 AM
Original message
Weatherization stimulus off to cold start
Advertisements [?]
NEW YORK (CNNMoney.com) -- It was supposed to be fast and easy: Pay a bunch of out-of-work contractors to outfit old homes with new furnaces or insulation. It would put people back to work right away, and at the same time cut energy use and save people money.

So as part of the stimulus program, Congress gave the Energy Department's Weatherization Assistance Program a big funding boost. The program, which fixes up homes for low-income people and usually has a budget of around $200 million a year, got a $5 billion injection.

Yet a year later, just $441 million has been spent, raising questions as to just how effective the program is at stimulating the economy.

"It's an example of good intentions that weren't really thought through," said Kevin Plexico, a researcher at Input, a firm that tracks spending in the public sector. "You just don't have the capacity to absorb that amount on the local level."

http://money.cnn.com/2010/01/24/news/economy/stimulus_w...
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Topic Forums » Environment/Energy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC