Skip to main content

View Diary: Open thread for night owls: Floating Japanese L-Zero magnetic levitation test train hits 310 mph (127 comments)

Comment Preferences

  •  $52B Economic Stimulus (0+ / 0-)

    Japan's economy has been down so long that it looks like up from inside the Great Recession. Its been reelecting its rightwing government despite that bringing back the nukes industry that nuked the nation a couple years ago, because it's promised economic stimulus spending.

    $52 billion on a new intercity rail that makes the rest of the world, especially the US, look like steampunks is a lot of economic stimulus. It's well over $500 per taxpayer.

    But that $500 will return several times itself over time. And as debt payment taxes it will be collected over more years than the rail will take to pay it back. Public infrastructure investment, the classic keynsian remedy to economic stagnation. That is what the rightwing does in Japan. In the US, that's "communism" or worse.

    The US should spend $500 billion on even faster rail, even better connected to our existing rail, roads, ports and airports. To spaceports. Take it from the $1.5B annually we're instead spending on the Pentagon to ruin the place.

    "When the going gets weird, the weird turn pro." - HST

    by DocGonzo on Fri Sep 06, 2013 at 06:42:08 AM PDT

Subscribe or Donate to support Daily Kos.

  • Recommended (124)
  • Community (62)
  • Bernie Sanders (44)
  • Elections (33)
  • Hillary Clinton (27)
  • 2016 (27)
  • Climate Change (26)
  • Culture (26)
  • Civil Rights (23)
  • Environment (22)
  • Science (21)
  • Spam (17)
  • Labor (17)
  • Law (17)
  • Media (17)
  • Republicans (17)
  • Barack Obama (16)
  • Trans-Pacific Partnership (15)
  • White House (14)
  • International (13)
  • Click here for the mobile view of the site