Eisenhower’s biggest domestic achievement was arguably the Federal-Aid Highway Act of 1956, which called for 41,000 miles of highways to be built by … - Alan Greenspan

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Eisenhower’s biggest domestic achievement was arguably the Federal-Aid Highway Act of 1956, which called for 41,000 miles of highways to be built by 1969 at an estimated cost of $ 25 billion. Predictably enough, the targets were missed: the first transcontinental interstate, I-80, was not finished until 1986 and the southern interstate, I-10, was not completed until 1990.

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About Alan Greenspan

Alan Greenspan (born March 6, 1926) is an American economist who served as Chairman of the Federal Reserve of the United States from 1987 to 2006. He currently works as a private adviser and provides consulting for firms through his company, Greenspan Associates LLC. First appointed Federal Reserve chairman by President Ronald Reagan in August 1987, he was reappointed at successive four-year intervals until retiring on January 31, 2006 after the second-longest tenure in the position.

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A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years.
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