I'm going to be somewhat indisposed for the next month, so posting should be no more sporadic than it has been for the past year or so. But I'm hoping to actually put a bit more time into writing over the next few weeks. There's a lot of policy issues at the federal state and local level that I'd like to address. As you might guess, a lot of it centers around infrastructure spending.
We've got 10% unemployment, tremendous borrowing capacity and near endless public works projects around the country that are crying out to be done. National High Speed Rail. Aging, ineffective sewer systems and power grids. Not to mention aging intra-city highways that could be replaced by tunneled alternatives (see, e.g, Gowanus Expressway, BQE) that would revitalize surrounding communities.
With the flight to quality in the markets today, US Bonds are in high demand. We always seem to be able to justify spending hundreds of billions on overseas military adventures. I'd like to see $1 Trillion invested in rebuilding our national infrastructure and putting Americans back to work.
Don't even get me started on the gibbering imbeciles preaching austerity - typically the same clowns who never met a war spending proposal or a tax cut for the rich they didn't like. That path leads to certain disaster. My plan might not solve all our problems, but at least we'll have something tangible for our money.
UPDATE: Calculated Risk, one of the best economics blogs out there, juxtaposes columns from Professor Paul Krugman and Professional Charlatan Alan Greenspan. Greenspan, who has been reliably wrong about everything for over thirty years and is one of the three people most responsible for the economic disaster in America, is of course preaching austerity. Of course the WSJ Op-Ed pages have never been fit to so much as line a bird cage or pick up your dog's poop with, so it is no surprise they would give him a soapbox. Greenspan should be pilloried and pelted with rotten produce for what he's done, yet he has no shame.
The Krugman column deserves your full read.
And because I can, here are some otters to cleanse the palate (h/t Naked Capitalism):