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(The New York Times)   Top Reagan economic adviser: we should spend a trillion on infrastructure right now   (nytimes.com) divider line 75
    More: Hero, Federal Reserve, infrastructure  
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1868 clicks; posted to Politics » on 09 Dec 2013 at 11:24 AM (32 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-12-09 11:26:37 AM
This.

If we ever decide to cut military spending by a third we can have nice things.
 
2013-12-09 11:27:07 AM
I thought that was what the Stimulus was supposed to do....
 
2013-12-09 11:28:15 AM

LargeCanine: I thought that was what the Stimulus was supposed to do....


Oh it was. Before the tea party derped its way from the fetid manwomb of the John Birch Society and started forcing Republicans hard to the right.
 
2013-12-09 11:28:21 AM
We're in a period of time where people have been paying the US Government to hold on to their money.  The fact that we haven't taken advantage of this opportunity by catching up on all of our dated infrastructure is as big of an indictment of the American system of government (and the austerity GOP in particular) that I can think of.
 
2013-12-09 11:28:36 AM
Top Reagan economic adviser: we should spend a trillion on infrastructure right now

www.hollywoodisburning.com
 
2013-12-09 11:28:43 AM
Can we use that giant platinum coin they were going to mint?
 
2013-12-09 11:32:50 AM

deeproy: Top Reagan economic adviser: we should spend a trillion on infrastructure right now

[www.hollywoodisburning.com image 201x201]


Thirded.

Keynesian economics - During an upturn, reduce services and spending, increase taxes.  Try to suck the money out of the economy before it gets stupid, while releasing workers into the private sector to provide the labor for the economy.  During a downturn, spend that money hiring people to refurbish and update the infrastructure you neglected while the private was hot.  Keep people on more or less an even keel.
 
2013-12-09 11:33:21 AM
Infrastructure is one of the most  vital things a government can spend its money on. It makes everything else possible, and usually constitutes some sort of natural monopoly, making the private sector a bad fallback. It's a positive externality that makes pretty much everything we do as a society possible. It is  always the right time to invent in infrastructure, whether it's maintenance, expansion, or new installation of new kinds of infrastructure.
 
2013-12-09 11:35:27 AM
Same old shiat, different packaging. It was an encouraging until

FTFA:
Slowing the growth of Social Security and Medicare...
 
2013-12-09 11:36:49 AM

LargeCanine: I thought that was what the Stimulus was supposed to do....


It wasn't large enough.  Most economists who weren't bought and paid for by BigDerp (Fox, Koch, etc) said it wasn't large enough.  But hey, you know, abortion legislation!
 
2013-12-09 11:37:30 AM
Probably more.

/anyone else hold their breath driving over one of out dilapidated bridges? Is that just me?
 
2013-12-09 11:37:51 AM
Typical Reaganite libtard derp. Can you believe what used to pass for a conservative back in the day? He's practically as bad as that hippie moonbat Nixon.

No, but seriously,

DrVoice: We're in a period of time where people have been paying the US Government to hold on to their money.  The fact that we haven't taken advantage of this opportunity by catching up on all of our dated infrastructure is as big of an indictment of the American system of government (and the austerity GOP in particular) that I can think of.


This. Except it's more like "we  were" than "we are."
 
2013-12-09 11:38:15 AM
At least.
 
2013-12-09 11:41:40 AM

cameroncrazy1984: At least.


this - i heard somewhere that it would take about $4 trillion to fix all the infrastructure in this country that needs fixing. so $1 trillion would be a start.

but since infrastructure investment is "socialism" when it's done domestically (though it's "sound foreign policy" when done in iraq and afghanistan), i'm guessing nothing of the sort will get done.
 
2013-12-09 11:41:47 AM

Snarfangel: Can we use that giant platinum coin they were going to mint?


econintersect.com

/sorry, just had to.
 
2013-12-09 11:42:14 AM

js34603: Probably more.

/anyone else hold their breath driving over one of out dilapidated bridges? Is that just me?


I make sure I have Pepe: the Lil' Mule from Romancing the Stone whenever I be crossing rivers.
 
2013-12-09 11:42:36 AM
Title: "Saving the Fed From Itself "
Article:  Republicans, stop being such dumbasses.

I guess making a gratuitous attack on the Fed is the only way he thought people would read it?
 
2013-12-09 11:43:03 AM

mainstreet62: Snarfangel: Can we use that giant platinum coin they were going to mint?

[econintersect.com image 380x232]

/sorry, just had to.


i still find it hard to believe that the people at fox are so colossally stupid that they don't understand the concept of fiat currency.
 
2013-12-09 11:43:41 AM

js34603: Probably more.

/anyone else hold their breath driving over one of out dilapidated bridges? Is that just me?


My wife commutes over the Tappan Zee Bridge in New York (about 25 miles north of NYC) for work. She fears for her life during bad weather.

There's a replacement bridge being built next to it, so there's that.
 
2013-12-09 11:44:05 AM

FlashHarry: this - i heard somewhere that it would take about $4 trillion to fix all the infrastructure in this country that needs fixing.


$3.6T by 2020 just to get to a grade of B. Link

Also, the American Association of State Highway and Transportation Officials estimates that the nation's highways and bridges need an annual investment of $166 billion through 2015. Link
 
2013-12-09 11:44:09 AM

FlashHarry: mainstreet62: Snarfangel: Can we use that giant platinum coin they were going to mint?

[econintersect.com image 380x232]

/sorry, just had to.

i still find it hard to believe that the people at fox are so colossally stupid that they don't understand the concept of fiat currency.


You are?

Do I need to provide 17,773, 995 examples to convince you?
 
2013-12-09 11:45:11 AM

mainstreet62: js34603: Probably more.

/anyone else hold their breath driving over one of out dilapidated bridges? Is that just me?

My wife commutes over the Tappan Zee Bridge in New York (about 25 miles north of NYC) for work. She fears for her life during bad weather.

There's a replacement bridge being built next to it, so there's that.


Really?  I have to go to my "other" office in Tarrytown about 3 times a year.  Didn't know the TZB was such a piece of sh*t, I mean, other than just how it looks.
 
2013-12-09 11:47:58 AM
o.onionstatic.com

We must repaint our Nation's crumbling infrastructure.


Link
 
2013-12-09 11:48:26 AM

LargeCanine: I thought that was what the Stimulus was supposed to do....


Shovel ready jobs.
 
2013-12-09 11:49:43 AM

coeyagi: mainstreet62: js34603: Probably more.

/anyone else hold their breath driving over one of out dilapidated bridges? Is that just me?

My wife commutes over the Tappan Zee Bridge in New York (about 25 miles north of NYC) for work. She fears for her life during bad weather.

There's a replacement bridge being built next to it, so there's that.

Really?  I have to go to my "other" office in Tarrytown about 3 times a year.  Didn't know the TZB was such a piece of sh*t, I mean, other than just how it looks.


Maintenance crews are always doing "emergency construction" on it at least once a month during rush hour, mostly to fix pot holes.

Grooved pavement for miles, gigantic metal plates that make winter driving a pleasure, etc..
 
2013-12-09 11:49:54 AM

FlashHarry: mainstreet62: Snarfangel: Can we use that giant platinum coin they were going to mint?

[econintersect.com image 380x232]

/sorry, just had to.

i still find it hard to believe that the people at fox are so colossally stupid that they don't understand the concept of fiat currency.


More like the people at Fox think the average American is that colossally stupid....and is by and large correct.
 
2013-12-09 11:50:11 AM

Snarfangel: Can we use that giant platinum coin they were going to mint?


We could, but why not just take advantage of ridiculously low interest rates?
 
2013-12-09 11:51:29 AM
Oh yeah, the wooden supports that anchor it to the river bottom have been rotting off and floating up for quite some time. Had to drive across it this summer, and I hauled ass across to get it over with... New bridge cannot be completed fast enough!
 
2013-12-09 11:51:34 AM
Shift the money from the defense budget. You don't even necessarily need to hire more people; put the military personnel to work building roads, bridges and such.
 
2013-12-09 11:51:36 AM
Fark you.  I want Congress to find out what REALLY happened at Benghazi, and impeach Whobama.  Not necessarily in that order.
 
2013-12-09 11:53:20 AM
Of course the author only mentions upgrading military equipment and paying for it by reducing long term deficits from Medicare and Social Security savings.  I'm not exactly seeing how this is different than any other Republican strategy from the last 40 years.
 
2013-12-09 11:53:41 AM

LordJiro: put the military personnel to work building roads, bridges and such.


Look at how many large infrastructure projects in the US were built by the Army Corps of Engineers. Back in the day, working infrastructure was considered vital to national security.
 
2013-12-09 11:53:42 AM

FlashHarry: still find it hard to believe that the people at fox are so colossally stupid that they don't understand the concept of fiat currency.


They understand.  They just know that their audience consists of people who ARE that colossally stupid, and they take advantage of that to dupe them into fighting for their (Fox and friends) interests.
 
2013-12-09 11:54:08 AM

I_C_Weener: LargeCanine: I thought that was what the Stimulus was supposed to do....

Shovel ready jobs.


I dunno about you, but I got a normalized intersection and new sidewalks four blocks from my house through the stimulus package. So sorry that your state government didn't know what to do with the money.
 
2013-12-09 11:54:47 AM

FlashHarry: mainstreet62: Snarfangel: Can we use that giant platinum coin they were going to mint?

[econintersect.com image 380x232]

/sorry, just had to.

i still find it hard to believe that the people at fox are so colossally stupid that they don't understand the concept of fiat currency.


FTFY
 
2013-12-09 11:55:31 AM

Psylence: Oh yeah, the wooden supports that anchor it to the river bottom have been rotting off and floating up for quite some time. Had to drive across it this summer, and I hauled ass across to get it over with... New bridge cannot be completed fast enough!


Is the new bridge also going to be built in the wrong place for petty political reasons?
 
2013-12-09 11:55:43 AM
No! No! No! We need more austerity, the only thing that will fix this economy is more austerity tax cuts.
 
2013-12-09 12:00:00 PM
We can do this, we just need to roll the tax rate back to the way its was during the 50's and 60's for the top 1% only. And thus, will never happen.
 
2013-12-09 12:04:59 PM

theorellior: I_C_Weener: LargeCanine: I thought that was what the Stimulus was supposed to do....

Shovel ready jobs.

I dunno about you, but I got a normalized intersection and new sidewalks four blocks from my house through the stimulus package. So sorry that your state government didn't know what to do with the money.


You have no idea.  IN 31 can finally be done, US 69 can finally be done....except you know for when they run out of money halfway through.

And I am rerouted to work any dozen different ways so they can make the flow of traffic even worse.

But, hey, at least trickle down economics is still working.  Give a large group a bunch of money.tax breaks....and watch the economy improve.
 
2013-12-09 12:06:52 PM
Infrastructure is a good thing for a nation to spend money on (borrowed money, anyway).  But we do need to be sure that this infrastructure spending is going to legitimately useful projects.  You cannot pave your way to prosperity.  If you need a new bridge, build the bridge.  If you want to pave over a somewhat worn out road to create a few jobs, it isn't going to work.
 
2013-12-09 12:12:43 PM

MattStafford: Infrastructure is a good thing for a nation to spend money on (borrowed money, anyway).  But we do need to be sure that this infrastructure spending is going to legitimately useful projects.  You cannot pave your way to prosperity.  If you need a new bridge, build the bridge.  If you want to pave over a somewhat worn out road to create a few jobs, it isn't going to work.


Bridge to nowhere!!!!  Which wasn't as bad as they paint it out to be.  But yes, there are lots of projects that aren't necessary.  On the other hand, there are a lot that are needed now.  Bridge repair, road maintenance, and such.  Hell, my city could use some better public transportation options....but it would take 10 years for them to decide how to do it.  Not even kidding on that.  We have a gravel parking lot where the Pacers used to play because they can't decide how to use that spot.   The private lot next to it has been turned into condos.  This is 15 years after the Pacers moved to a new arena.
 
2013-12-09 12:17:22 PM

theorellior: I_C_Weener: LargeCanine: I thought that was what the Stimulus was supposed to do....

Shovel ready jobs.

I dunno about you, but I got a normalized intersection and new sidewalks four blocks from my house through the stimulus package. So sorry that your state government didn't know what to do with the money.


We got a bunch of newly-painted overpasses and a brand new interchange here. Love living in New York.
 
2013-12-09 12:22:34 PM

MattStafford: Infrastructure is a good thing for a nation to spend money on (borrowed money, anyway).  But we do need to be sure that this infrastructure spending is going to legitimately useful projects.  You cannot pave your way to prosperity.  If you need a new bridge, build the bridge.  If you want to pave over a somewhat worn out road to create a few jobs, it isn't going to work.


Government should build big things that Private Sector wouldn't touch.  Things with 10, 20 and 30 year return on investment.  Lately the private sector doesn't want to touch anything that takes more than 5 years to return a profit.

Seeing as ocean water levels are rising, you think investment in coastal mitigation efforts would be a no-brainer.
 
2013-12-09 12:24:06 PM
Financial adviser under Reagan from 82 - 84?  Isn't that when Reagan nearly tanked the goddamn economy through asinine policy?
 
2013-12-09 12:25:49 PM
Hasn't Obama been saying that for his entire term?
 
2013-12-09 12:40:41 PM

quizzical: Hasn't Obama been saying that for his entire term?


Pretty much. Obama has been asking for infrastructure spending since 2009 but Republicans still think they can repair bridges with tax cuts.
 
2013-12-09 12:45:16 PM

Hollie Maea: Psylence: Oh yeah, the wooden supports that anchor it to the river bottom have been rotting off and floating up for quite some time. Had to drive across it this summer, and I hauled ass across to get it over with... New bridge cannot be completed fast enough!

Is the new bridge also going to be built in the wrong place for petty political reasons?


Considering all the griping and cost overruns, I'm sure that NO ONE is gonna be happy with the new bridge except for the guys cashing the checks...
 
2013-12-09 12:55:50 PM
There will be no Infrastructure spending.  Too many construction firms owned by white males.  Not enough in it for women and minorities.
 
2013-12-09 01:01:37 PM
RINO says what?
 
2013-12-09 01:08:48 PM
Infrastructure!?!?  That smells like socialism to me, I don't want my tax dollars wasted on repairing some bridge in the Florida everglades that I'll probably never use.  I don't care if a dam in upstate New York is dangerously close to collapsing, I don't live anywhere near there.

I much prefer that trillion be spent on drone campaigns in Yemen.  Children who have seen their innocent friends and relatives blown to smithereens might develop feeling of ill will against their persecutors.  They might even grow up to become terrorists.  It's best to nip that shiat in the bud, terrorism is only exceptional if it's government funded.

Everything should be privatized as the government is notoriously inefficient at turning a profit.  Example: air traffic control.  I would be more than happy to pass the hat while circling JFK in order to make sure that the plane lands safely.  Exploiting a  captive market is just good business, there are always profits to be squeezed out of suckers.

Next thing you know citizens will be clamoring about a nationalized healthcare system for the common good.  What a bunch of morons!!!  Even a child knows that capitalism will provide.
 
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