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gvidas · 08-10-2011, 07:31 PM

- Unemployment is abysmally high (it's been above 9% for 24 of the past 26 months)

- The yield on a 10-year treasury note is amazingly low, presently at 2.17%. This means the US government can borrow money at 2.17%

- China is catching up to us, in terms of infrastructure and economy.

I'd love to see a new Works Project Administration. Put the country to work on a few large, coordinated projects (new electrical grid, high speed passenger rail?) and a bunch of interesting, smaller, more regionally specific or culturally significant projects (start with: anything that benefits everyone.)

I feel like the whole debt ceiling debate showed that, more than a deficit or spending problem, we have a political extremism problem coupled with a shitty economy. I don't know what's to be done about the political part. But I want to see something bold and radical with an eye for the long term. The Great Depression made state and national parks. Let's at least do something equally grand.

08-10-2011, 07:31 PM	#1
gvidas Hoodoo Guru Join Date: Jul 2009 Posts: 286	How about some CCC and WPA 2.0? - Unemployment is abysmally high (it's been above 9% for 24 of the past 26 months) - The yield on a 10-year treasury note is amazingly low, presently at 2.17%. This means the US government can borrow money at 2.17% - China is catching up to us, in terms of infrastructure and economy. I'd love to see a new Works Project Administration. Put the country to work on a few large, coordinated projects (new electrical grid, high speed passenger rail?) and a bunch of interesting, smaller, more regionally specific or culturally significant projects (start with: anything that benefits everyone.) I feel like the whole debt ceiling debate showed that, more than a deficit or spending problem, we have a political extremism problem coupled with a shitty economy. I don't know what's to be done about the political part. But I want to see something bold and radical with an eye for the long term. The Great Depression made state and national parks. Let's at least do something equally grand.