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In the abstract, I liked the idea of spending it on infrastructure, but over the ensuing decade I’ve become deeply skeptical of the ability of the US government
by mrosett 6y ago
In the abstract, I liked the idea of spending it on infrastructure, but over the ensuing decade I’ve become deeply skeptical of the ability of the US government to effectively spend more money. California high speed rail and the NY subway are exhibits a and b.
- yamoriyamori 6y agoI agree with you (to your point) about California high speed rail: a solution looking for a problem. But NY subway is arguably something that could generate huge returns if the capex was committed to modernizing and automating the public transport of the biggest city in the USA and a major financial capital.
- bobthepanda 6y agoCAHSR is mostly proof of a few things that America gets wrong - heavy reliance on consultants is not a financially prudent exercise compared to building up a competent civil service, particularly since consultants want to keep the gravy train running - sustained funding for projects is the way to build up a civil service that can push out projects; conversely, "get a ballot measure passed first and ask questions later" is a very bad model.