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Stimulus bill architect: Yeah, only a tiny bit of it went to “shovel ready” projects

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Peter Orzag, formerly President Obama’s director of the Office of Budget and Management, was one of the key architects of the 2009 economic stimulus bill. This was the $787 billion spending bill that was supposed to boost the economy through “shovel-ready” construction and infrastructure jobs, its administration cheerleaders repeatedly said. In a column this week for Bloomberg, rather casually...

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