4 ms·
A decade of government spending on critical infrastructure at low interest rates was missed. Edit: Want to add also, the rich got richer as monetary policy flo
by deepzn 3y ago
A decade of government spending on critical infrastructure at low interest rates was missed.
Edit: Want to add also, the rich got richer as monetary policy flowed into capital markets, while inflation increased hurting the poor the most in the last couple years.
- judge2020 3y agoSounds like Congress achieved exactly what it set out to do.
- H8crilA 3y agoSeriously, it's no longer even funny to us Europeans how bad your infrastructure is. I always thought it's because the population density is much lower in the US, but I don't believe any more that it is the primary reason.
- nayuki 3y agoNo, it is due to population density. If your country has 2× or 4× the amount of road area per capita but not correspondingly more taxes per capita, the infrastructure is going to suffer. Strong Towns ( https://www.strongtowns.org/ https://www.strongtowns.org/ ) has many articles on this topic.
- midasuni 3y agoDidn’t you just have a bridge collapse on a major highway?
- irrational 3y agoYou mean the one where a tanker truck full of gasoline caught fire directly underneath it?
- midasuni 3y agoNo idea, I saw a headline
- mint2 3y agoIt’s generally a good idea to look into events a tad more than just reading a headline before running around posting about them. This is especially true when the headline seems to confirm one’s beliefs about something. In fact, most of the USA’s problems if not the worlds are in a big part due to people having that level of engagement.
- Red_Leaves_Flyy 3y agoShouldn’t critical bridges on interstates be built with such eventualities in mind?
- irrational 3y agoI imagine they do consider eventualities, but some things are extremely unlikely. Could someone set off a nuclear bomb under the bridge? Sure. Is it likely? No. Could a tanker truck full of gasoline catch on fire and sit directly under this bridge? Yes. Is it likely? No.
- inferiorhuman 3y agoProbably. https://www.youtube.com/watch?v=nF7ShkZaaqY https://www.youtube.com/watch?v=nF7ShkZaaqY