America, we've been swindled again on infrastructure

The infrastructure law was sold to the public with promises that airports, highways and bridges will be repaired. In fact, analysts note, the law "adds as much new spending to modes like mass transit and Amtrak as it does for highways.

Harvard economist Martin Feldstein calculated that each job created would cost taxpayers $200,000. When asked about this statistic in a September 26, 2011 interview with ABC News, Treasury Secretary Timothy Geithner did not dispute the figure, saying, "the price tag is the wrong way to measure the bill's worth." We're hearing similar assertions about the new law.

Welcome to "shovel-ready 2.0" and another swindle that has just been perpetrated on us in the name of "infrastructure." Swindle means "to obtain by fraud or deceit." The administration and congressional Democrats claim the bill will cost us nothing. That's because they have used accounting gimmicks and rely on money they hope will come in through tax increases. Won't that cost something?