wally in miami

It's Too Late for Tax Cuts, Now's the Time To Increase Government Spending

The author is right on. WW II ended the Great Depression as the WPA and other programs were too much fanfare and too little in size to make a difference. Because it was a world conflict, no one currency enjoyed an advantage other than the dollar, which had, of course, the advantage of having other people's property serve as the primary battlefield with our resources of blood and guns. We don't need a war with bullets. We need a war against a crumbling infrastructure. The "conservatives" who want us to pull back and take our medicine would have us spend more on lost productivity and capital than would be invested in desperately needed infrastructure. And, of course, at the end of the day we will have the infrastructure. Lest we not forget, it will be private industry building that infrastructure.