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View Diary: Paul Ryan & The Big Lie That Is Killing The Middle Class (114 comments)

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  •  I agree about your point on investment... (15+ / 0-)

    ...but I vigorously disagree with your view that we don't have similar issues as in the '30s and '40s. The difference is that we have a modest safety net now. But we definitely need to build/rebuild our industrial capacity in a green fashion, along new, resource-frugal lines.

    Investment and Keynesian pump-priming are not mutually exclusive. In fact, done right, the pump-priming and investment benefits are a package.

    My points: 1) we still have extremely low borrowing terms for federal dollars right now (no sign of harmful inflation); 2) we DO have great need for infrastructure innovations, upgrades and maintenance (wifi-ification, grid and off-grid electrical upgrades, public transit, schools); 3) we have sluggish growth in job creation (27 million unemployed or underemployed); 4) we need green energy both to keep up with the rest of the world and deal with climate change (solar and wind still only provide 1-2% of our total energy) unless you believe we can continue on the current path without devastating results.

    The right projects can work all these together into a beneficial arrangement for the environment and the economy (not that I think those are two separate entities). Not at minimal long-term cost to the taxpayers but rather, even better, a solid return on investment just like the GI Bill, Marshall Plan, interstate highways, and the space program (although that mostly barely concealed military).  

    Don't tell me what you believe, show me what you do and I will tell you what you believe.

    by Meteor Blades on Sun Jan 27, 2013 at 12:17:11 PM PST

    [ Parent ]

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