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"The point of the spending isn't because infrastructure has a positive ROI its to artificially create jobs to cushion the people suffering from the current econ
by walterk 18y ago
"The point of the spending isn't because infrastructure has a positive ROI its to artificially create jobs to cushion the people suffering from the current economic collapse."
The reason why we're spending is to cushion ourselves from the economic collapse, yes. The reason why we're spending on infrastructure is because this is the only way to do it that isn't ultimately a waste, and we would have needed to do it at some point regardless of the state of the economy. No better time than an economic collapse to do so.
(This assumes that the infrastructure plans themselves are wise, of course. So far, they appear to be.)
Saying that investment in the US is traditionally "repaid from increased borrowing" has nothing to do with the rationality of spending on infrastructure (which eventually pays for itself by increasing GDP). A lack of responsible accounting and accountability causes US debt to be repaid with increased borrowing, not what the borrowed funds are spent on.