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Old 07-19-2012, 07:32 PM
 
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The big banks paid back the loan with interest and it was the key to stoppig a collapse.I agree that most of the stimulus was wasted on special interest as haqs some of the TARP maney been, Now we are too much in debt to do more of that especailly to trust governamn to use it well.What we don't want is to get to the debt lave of some of the european countires with two deacdes of deep cuts facing us. We neeed to recue now to stop great pian later not borrow and spend more.
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Old 07-20-2012, 05:42 AM
 
Location: Central CT, sometimes NH.
3,736 posts, read 5,554,307 times
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Mircea,

I agree with you. In this thread I was specifically addressing the misallocation of the stimulus funds related to identified current infrastructure needs.

Infrastructure isn't just roads and bridges but the electrical and communication grid as well. Infrastructure supports the development of next-generation power and transportation systems as well as providing the the opportunity to be a catalyst for an urban renaissance.

Light rail, heavy rail, monorails are all components of the solution as are electrifying roadways, driverless cars, and other forms of moving people.

The key fact is that there is no infrastructure plan. A national infrastructure plan should address short-term, medium-term, and long-term goals and should be linked to goals for energy independence and global competitiveness. This is the "race to the moon" mission I was referring to. All 50 states would be involved and develop their own plans that would be complementary to the the national plan while meeting their own unique needs.

The current bandaid approach shows no leadership or vision for future.
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Old 07-20-2012, 05:58 AM
 
1,724 posts, read 1,337,101 times
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Quote:
Originally Posted by Mircea View Post
Americans are going to have to have their wages/salaries cut 30% to 50% in order to compete globally, or they can sit around while nothing slowly happens for the next 30 years until the rest of the world catches up in wages.

Globally...

Mircea
You are such a shill.
The wedges between productivity and median compensation growth | Economic Policy Institute
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