Birdwatch Note Rating
2023-04-05 14:47:53 UTC - HELPFUL
Rated by Participant: 361C28EEC6DFBF8268F6C4ACA5C07B037F3BBA7747FF0DB4F674D09EB3BDE9C4
Participant Details
Original Note:
CBO and university researchers estimate federal spending "has an average annual rate of return of about 5 percent, or half of the agency’s estimate of the average rate of return on private investment." For every $1 in private investment, $20 in federal funds must be spent. https://www.cbo.gov/sites/default/files/114th-congress-2015-2016/reports/51628-Federal_Investment.pdf https://budgetmodel.wharton.upenn.edu/issues/2021/6/15/economic-effects-of-infrastructure-investment
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