Birdwatch Note Rating
2023-04-04 19:16:10 UTC - HELPFUL
Rated by Participant: A00CE2848774506F06E1443EE2B84C2246474047B65E9595C3775314E25B7ECD
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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