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View Diary: Republican senator on sequester's automatic budget cuts: 'People are glad' (27 comments)

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  •  Opportunity cost (11+ / 0-)

    Imagine a media whose members had taken even economics 1A (or 1A and 1B, depending on which semester was micro- and which semester was macro-) and could analyze political blather in terms of opportunity cost.

    Wouldn't you love to see a story like:

    "We have record low public interest rates, and the rest of the world is struggling economically:  If we take advantage of those rates to create public infrastructure, we provide jobs that CANNOT be moved off-shore (infrastructure work is primarily done at the location), we have a chance to upgrade infrastructure while the rest of the world sits, we pay back the costs at far less than this work will cost when it is done in the future.  We get to leverage our superior economic strength to gain additional advantage in future world markets."

    "Politicians who oppose this have a vested interest in an underperforming US economy, because they do not want their political opponents to get the credit.

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