Saturday, December 31, 2011

America's Infrastructure Failure

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

America's Infrastructure Failure:

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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