> May as well do it now while people are out of work and interest rates are low.
Um, the facts that we need to do it and now would be a good time to do it do not imply that we'd actually do it.
We're doing a lot of infrastructure spending now. How about fixing it before embarking on an expansion? That way, we won't have wasted a lot of money that could be used when we're actually going to fix infrastructure.
Yes, interest rates are low now, but lenders want their principle back as well, so wasting money now can affect our ability to borrow and spend when we're serious.
> When? ARRA was sold as that, but it became more about tax cuts and propping up state governments that a public works program.
And your new program won't be that because ....?
We can also look at currrent infrastructure spending. It's basically all jobs program, starting with the Davis-Bacon requirement.
> We're going to have to do it some point: http://www.infrastructurereportcard.org/
> May as well do it now while people are out of work and interest rates are low.
Um, the facts that we need to do it and now would be a good time to do it do not imply that we'd actually do it.
We're doing a lot of infrastructure spending now. How about fixing it before embarking on an expansion? That way, we won't have wasted a lot of money that could be used when we're actually going to fix infrastructure.
Yes, interest rates are low now, but lenders want their principle back as well, so wasting money now can affect our ability to borrow and spend when we're serious.