Lets get real. The infrastructure problem in this country has to get solved at the federal level. Since we know here on HN that the federal government is an i

Lets get real. The infrastructure problem in this country has to get solved at the federal level. Since we know here on HN that the federal government is an issuer of currency[1] and state and local government are users of the currency, like households and business, the only entity that can fund the massive infrastructure is said Federal Government. And, unlike China, all federal spending is underwritten by legislation. With the political climate being what it is, the only way this happens is another major recession (which may be on the horizon) or some kind of 3rd party grass roots movement. Depressing indeed. [1] http://neweconomicperspectives.org/2014/05/need-taxes-mmt-perspective.html http://neweconomicperspectives.org/2014/05/need-taxes-mmt-pe...