That giant flushing sound that you hear is the "recovery" money being thrown down the toilet to fix up public housing, get rid of lead paint, and install green technologies in public housing as well. So much for creating long-term jobs with the money that the Democrats are stealing from our children and grandchildren.
How much are we spending on this?
Read for yourself from Obama's website.
"The money opened up today includes:
$3 billion to develop, finance, and modernize public housing; $255 million for Native American and Native Hawaiian Housing; nearly $100 million for lead hazard reduction; $2.25 billion to kick-start the production of stalled affordable rental housing projects under the Tax Credit Assistance Program (TCAP); $2 billion to undertake much-needed project improvements to maintain the quality of critical affordable housing; $1 billion to rehabilitate affordable housing and improve key public facilities under the Community Development Block Grant Program; $1.5 billion to reduce homelessness, and prevent it among those facing a sudden economic crisis; and a temporary increase to the loan limits of mortgages insured by the Federal Housing Administration (FHA)."
The lunacy has just begun.
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