Steve Russell

Reich's Reasons for a New Fiscal Stimulus Bill

Fine, call it "stimulus."

But we have a terrible case of infrastructure rot that does not befit a world class economy.

The biggest immediate problem is that the electrical grid is not "smart" enough to deal efficiently with renewable electricity sources and, of course, the transmission lines do not go to the right places.

It's the job of government to fix the grid, the highways, and the bridges. Those responsibilities are as fundamental as defense.

If those fixes happen to put a bunch of people to work and those people suddenly have money to spend, it would not break my heart.