During yesterday’s House Transportation and Infrastructure Committee Rep. John Mica (R-FL) claimed: “Every billion dollars in spending on infrastructure, on highway and transportation expenditures does result in 35,000 new jobs.” Too bad Mica wasn’t listening to the Ways and Means Hearing across the hall where economist Alan Viard told the committee: “Changes in infrastructure spending are not an effective method of creating jobs or providing short-run fiscal stimulus to the economy.” The Washington Post further reports: “Viard is a former Bush administration economist now at the American Enterprise Institute. But …
