Monday, July 28, 2008
A better stimulus program
Instead of sending out checks so Americans could spend $100B or so more at Wal-Mart on non-durables from China, we could repair our entire bridge infrastructure for a mere $140B. Not only would that provide a much more lasting benefit to our economy, but the money would be spent primarily on domestic labor and materials. Granted, such a stimulus program would take years to put in effect, so there wouldn't be a huge short-term stimulus at all, but with our nation so much in hock, is this really the most efficient use of funds? Yes, in the long term I'd like to see taxes reduced and more money returned to the taxpayers, but infrastructure is pretty important to the long-term economic health of the country, and we don't seem to be doing well on rail, road, or air networks these days.
Subscribe to:
Post Comments (Atom)
1 comment:
I'm absolutely with you on this. It's like having a little bit of extra money and trying to decide between building a brick patio or going on a week-long blitz of your favorite upscale restaurants. The eating out will make you feel better in the short term, but that patio will stick around for years to come.
My own idea was an upgrade of our electric grid and rail network, for much the same reason.
Post a Comment