Congressional Quarterly looks into how quickly federal agencies are spending stimulus money.
Surprisingly, the Department of Transportation which was expected to spend its stimulus allotment quickly on “shovel-ready” road and bridge projects, is lagging in fourth position. Of the $15 billion it has available, so far only $151.7 million has been paid out.
That is right. Three months into a process that was supposed to only take a few months, DOT has only found a home for 1% of the stimulus funds it has to spend. The fallacy continues to unfold and reveal itself to all who would not see it before.