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Saturday, June 02, 2012

The Heartless Pursuit of Power

Robert Frank calls for more spending on infrastructure:

... The most important single step toward a brighter future is to repair our economy as soon as possible. And one of the surest ways to do so is a large and immediate infrastructure refurbishment program.
This path would not require Republicans to concede the merits of traditional Keynesian stimulus policy. Nor would it require them to abandon their concerns about the national debt. In short, the philosophical foundation for an agreement is already firmly in place.
If it doesn’t happen, the coming political campaign will provide a golden opportunity to learn why. At the inevitable town hall meetings, voters who are tired of gridlock should ask candidates when they think that long-overdue infrastructure repairs should begin. The only defensible answer is “Right now!” Candidates who counsel further delay should be pressed to explain why.

For some reason, I always thought that people would come before politics, especially in a severe recession when so many households are struggling. But the Republican's lust for power ensures that gridlock will prevail.

    Posted by on Saturday, June 2, 2012 at 03:00 PM in Economics, Fiscal Policy | Permalink  Comments (49)


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