[quote=briansd1][quote=Allan from Fallbrook] as evidenced by Brian’s facile remark about the money being cheap now. Yup, it is. But what if that changes? The more debt you have, the larger the debt service when interest rates rise and they inevitably will.
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As pri_dk asked before, what’s the alternative? Mass unemployment and deprivation?
Don’t we have crumbling infrastructure to fix? And aren’t there plenting for workers looking jobs? Seems like to best time to rebuild our house — when labor is plentiful and money is cheap.
Krugman is cool because his solutions are about building the country, not dishing out hardship as a solution to past exuberance.[/quote]
Brian: Okay, I’ll play along, but first you need to make a salient admission: You have NEVER, EVER done a public works project in your life. If you have, please correct me, but I’m willing to bet hard cash money that you haven’t.
Why do I say that, you ask? Because had you actually done a public works project, you would understand clearly what Obama found out, post-stimulus appropriations: Those “shovel-ready” projects were NOT all that shovel-ready. And that is the underlying problem with “cool” guys like Krugman: They have NO real world experience. NONE. Krugman has NOT run a company, has NOT built any projects, has NOT participated in the actual economy AT ALL.
Brian, do you believe you can simply dump several hundred billion dollars in “infrastructure projects” and the money is magically apportioned out to exactly the right projects and, voila!, we have new roads and bridges and whatnot? Do you have the faintest clue how public works projects in the US are done? Do you understand how work is contracted/let to contractors and then subsequently prosecuted? Or, is it a safe bet that you have NO clue? Don’t understand the process, how surety bonds work, how contracts/subcontracts are issued, how the Army Corps or NAVFAC (Naval Facilities) or any of the Military/Federal contracting agencies budget and contract work?
Yeah, Krugman is “cool” because he can operate in an academic vacuum and never once have to truly deal with the real world and how things get built. Just wave a magic wand and we have… Infrastructure! Do a little research and fully understand the process before opining, because you clearly have no idea what you’re talking about.
