Oct
21
Spending on infrastructure could kick-start the economy
ByWhile the U.S. economy is slumping, most experts feel that more infrastructure investment could get the fiscal ball rolling again. The nation’s rail system needs work; it’s roads are in terrible shape. A New Deal-type infrastructure plan would spur on the economy while providing cities and states with some badly-needed improvement. On the surface, it sounds good to me.
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Honestly, the only way to kick start the economy might be projects like these. We’ve gotten a lot of national benefit from such projects and there’s no reason to think we can’t again. We have allowed our railways to disintegrate in this country and perhaps this is the time to rectify that. There was a time when you could cross the country by cable car. Especially in lower income communities few things provide the type of access to opportunity that public transportation options do.
I would love to see major public works get going but considering the amount of the budget (federal and states) that already goes to debt payment, we need to be careful that we do not set ourselves up for the collapse of government services or debt default. It’s going to be one hell of a bold vision finely balanced with future finances.