This one obviously became "A Bridge Too Far" fetched, as Alaska Abandons Infamous 'Bridge to Nowhere' included in last year's budget as part of the traditional pork-barrel spending that goes on in Washington -- usually following long speeches about trimming the fat.
There is probably nothing more universally consistent in a campaign speech than the promise to cut federal spending. Of course politicians are equally consistent on failing to do so once they are in office. However, in the case of this infamous bridge to an Island of a few hundred residences, the political heat, under the proverbial magnifying glass, was too much.
The public outrage and direct lobbying from various budget watchdog groups and with the support of Senator Tom Coburn, Representative Jeff Flake, and Representative Mark Kirk, the State of Alaska has officially abandoned plans to pursue the infamous Gravina Bridge. Money is still earmarked for the state, but the recently elected new governor decided to drop the project.
Why is gold making a new high, trading at $1,118.00 per ounce?
Chasing Value: Ten stocks for 2010 -- Part 1 
Closing Bell: A six-day rally (AIG, REGN, M, MOT, PALM, RIMM)
