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View Diary: Turning the Deficit into a Surplus (12 comments)

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  •  You have the right idea, but lack (4+ / 0-)

    information and/or experience.

    First, you assume the President Obama has any interest in changing the course of this nation, he doesn't. He has clearly and consistently demonstrated this since before his first inauguration. He is a dyed-in-the-wool corporate conservative, you have only to look at his most prominent and influential staff and cabinet appointments for this to be self-evident.

    Second, this nation needs between $2T - $7T in infrastructure investment right now, today, just to maintain what is already inadequate. We have hundreds of thousands of miles of crumbling roads, thousands of bridges that have already been closed, a 19th century rail system, and an air traffic system designed in the 1950s.

    Third, over the last three decades or so we have seen the so-called financial industry expand from less than 5% of total national profits in 1980 to more than 50% while virtually every other productive economic sector in this nation has been devastated.

    There is no effort at all, zero, none, being put forth to alter or alleviate the collapse of the U.S. by either party in Washington D.C. So, to ask whether there is some political advantage in pursuing an insignificant investment in a failing infrastructure is like asking if it is a good idea to fasten your seatbelt on an airplane that has lost both wings and is plummeting to earth at terminal velocity.

    "Those who can make you believe absurdities can make you commit atrocities." - Voltaire

    by Greyhound on Sat Jan 05, 2013 at 04:13:12 PM PST

    •  We used to spend 5% of GDP (1+ / 0-)
      Recommended by:
      207wickedgood

      About 750 billion in a 15 trillion dollar economy. A trillion a year is my minimum.

      FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Sat Jan 05, 2013 at 05:20:16 PM PST

      [ Parent ]

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