This is the reason I am not at all concermed about running up the federal deficit to fix infrastructure. We can put future generations in debt by taking out loans, or we can do it by sticking them with a massive repair bill.
This is called the fiscal multiplier: https://en.wikipedia.org/wiki/Fiscal_multiplier
One estimate was that food stamps have a 1.73x multiplier effect, payroll tax cuts have a 1.29x effect, while the Bush tax cuts on the wealthy had a 0.29x effect.
A society grows great when old men plant trees whose shade they know they shall never sit in. -Not me
Everyone knows quality investment in the future always works. Especially in infrastructure. Building a new bridge across the detroit river will pay for itself. The caveat with your position is that you cannot indebt a future generation with bad debt. Only 5% of that infrastructure bill is really 'planting trees' but rather instead a bunch of ideological vote buying.
Apparently you don't have uncles and former co-workers like mine.
I'm so sick of debating these things. I'm about ready to give up on government, and instead form Unions that force behavior.
I bet you these uncles do know the rule. They like you are fed up with government not doing those things.
Im not american and dont know what's in the infrastructure bill but I can guarantee that it's not infrastructure. It'll be full of investment in swing states. It will be entirely about buying votes.
https://www.strongtowns.org/journal/2017/1/2/five-ways-feder...