Posted on 09/14/2010 10:18:36 AM PDT by MichCapCon
President Barack Obama recently announced plans to spend $50 billion for transportation infrastructure. The plan would rebuild 150,000 miles or roads, construct and maintain 4,000 miles of rail and rehabilitate or reconstruct 150 miles of runway. Is this good policy?
(Excerpt) Read more at michigancapitolconfidential.com ...
“It is obviously futile to attempt to eliminate unemployment by embarking upon a program of public works that would otherwise not have been undertaken. The necessary resources for such projects must be withdrawn by taxes or loans from the application they would otherwise have found. Unemployment in one industry can, in this way, be mitigated only to the extent that it is increased in another. From whichever side we consider interventionism, it becomes evident that this system leads to a result that its originators and advocates did not intend and that, even from their standpoint, it must appear as a senseless, self-defeating, absurd policy.”
~ Ludwig von Mises, Liberalism
There are some good points in the article: why not toll roads; more details needed ....
However, infrastructure investment is: if not the best alternative, at least far from the worst way to spend tax dollars.
There are some good points in the article: why not toll roads; more details needed ....
However, infrastructure investment is: if not the best alternative, at least far from the worst way to spend tax dollars.
Why do the marxists in charge want to spend our money on roads when at the same time, they are trying to force us out of our cars?
All on $50 billion bucks?
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