Today’s national debt as of 11:10 a.m. EST:

Is he serious?

(CNSNews.com) — In his weekly address on Saturday, President Barack Obama called for Congress to approve more money for a new — and vaguely defined — program to repair roads, bridges and airports as a means of creating jobs for construction workers.

The program, Obama said, would create jobs for workers who used to build houses by “by giving loans to companies that want to repair our roads and bridges and airports.”

The president did not explain how loaning money to a company that wants to help repair a road, bridge or airport would cause more roads, bridges or airports to be repaired and thus necessitate the hiring of more construction workers to repair them.

He also gave no details of the loan program he envisions — who would qualify for a government loan under it or on what terms the lenders would pay the taxpayers back.