"Republicans have signaled they're firmly opposed to another large economic stimulus that adds to the $1.3 trillion deficit. They prefer less-costly steps to promote job growth long term, such as cutting the corporate tax rate and streamlining regulations."
The typical short sighted view of the GOTP.
"Fixing the nation's aging infrastructure would create jobs more quickly than tax cuts — in as little as a few months — and meet critical needs that must be addressed eventually. Transportation bottlenecks are costing the country about $200 billion a year, or 1.6% of economic output, according to a study by a bipartisan coalition of state and local politicians. It would take $2.2 trillion over the next five years to upgrade the USA's roads, highways, seaports, rail lines and bridges, the American Society of Civil Engineers estimates."
Hmm... very interesting.
"With yields on 10-year Treasury bonds at about 2%, borrowing costs for the U.S. government are as low as they've ever been. "There's never been a more opportune time to invest in infrastructure," says Andrew Fieldhouse, policy analyst for the liberal Economic Policy Institute (EPI)."
Low cost loans? Tell us more.
"To make a tangible impact, Congress could go big, spending $200 billion each of the next two years. Fieldhouse says that would create more than 2 million jobs and reduce unemployment about 0.8 percentage points. While that may seem ambitious in an era of fiscal austerity, each dollar spent generates $1.44 in economic output, according to EPI and Moody's Analytics. As a result, about half the money would come back to the government through increased tax revenue. Some funds also could be used to build out a smart electric grid, bring broadband to rural areas and upgrade water systems."
Sounds like a winner to me. Washington are you listening? Or are you to busy trying to get re-elected?