3 ms·
For sure - I think there's a middle ground, a real sweet spot where infrastructure investment puts able bodies to work, pays them a fair wage (or maybe generous
by 6stringmerc 10y ago
For sure - I think there's a middle ground, a real sweet spot where infrastructure investment puts able bodies to work, pays them a fair wage (or maybe generous so they spend/kick-start consumerism/pay down debt), and actually improves the long-term outlook of the nation. Those FDR "make work" programs did a lot of good things that I think we'd be wise to study for potential emulation. The CCC initiative.
Politically, to a large voting bloc - disenfranchised Millenials - I think it could pull some water (not to mention stir up encouragement from the older population that "those dang kids" are doing something good with their time). People would have to go where the work is, more than likely, but that's a trade-off. Unfortunately a great deal of the "low interest debt" seems to be funneling into equities and buy-backs, only worsening the transfer of wealth to investor classes rather than working classes, at a time when, really, it doesn't make sense to do that.