Right now, American can borrow money at NEGATIVE interest, and purchase materials and labor at very low costs. Meanwhile, the American Society of Civil Engineers says we need to spend $2.2 trillion on infrastructure in the next 5 years. Why aren't we? Because Republicans think defeating Obama is the most important thing to do. So, when a bridge collapses and kills someone you know, be sure to tell Mitch McConnell he's an asshole.--SS
A period of low interest rates and high unemployment, with a specific concentration of ultra-high unemployment in the building trades sector, would have been a smart time for a surge of public sector construction spending. Instead it tumbled. Michael Mandel makes a similar point.
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