4 ms·

Large infrastructure projects like this are paying it forward. They are a gift to future generations who will reap the benefit without having to pay for it, jus

• koolba 4y ago
  > They are a gift to future generations who will reap the benefit without having to pay for it, … Thanks to deficit spending they will be paying for it. The only people getting a gift here are the ones fleecing the government to run up the costs. They get their money now and all our kids and grandkids get the bill.
  • hkt 4y ago
    As is the way with most government debt - ideally, economic growth will outpace the cumulative interest accrued by the debt. There are other externalities too, like the economic benefits from quicker transport between major cities. If you want to ask the size of those benefits, imagine London or New York without their underground/subway systems. It is a big deal and can't just be counted by ticket prices!
    • koolba 4y ago
      > As is the way with most government debt - ideally, economic growth will outpace the cumulative interest accrued by the debt. Actual growth might not, but as most infra spending is financed with fixed rate bonds, a couple more years of Biden’s 9.6% inflation will take a nice bite out of those costs in future dollars.
      • hkt 4y ago
        "Biden's 9.6%" - I'm not american so this seems like a peculiar way of putting it since inflation is spiking across the whole western world. It seems weirdly partisan, was that the intention?
• trhway 4y ago
  One can wonder what the future generations are robbed off by the money being redirected into the black hole of HSR.