[Red Badger]

If there was a new trust fund for infrastructure...

DOES ANYBODY ON THIS FORUM ACTUALLY THINK THAT THE US CONGRESS WILL LET A HUGE PILE OF MONEY SIT AROUND IN THE US TREASURY UNTIL IT'S NEEDED?..........................

[gridlock]

DOES ANYBODY ON THIS FORUM ACTUALLY THINK THAT THE US CONGRESS WILL LET A HUGE PILE OF MONEY SIT AROUND IN THE US TREASURY UNTIL IT'S NEEDED?..........................

Well of course! They're gonna put it in a lockbox, don'tcha know?!?

[mnehring]

Having a trust fund or, as Clintoon wanted, a rainy day fund where billions of dollars just sit around is actually far worse for the economy than running a debt. In a debt, at least you have strong bond markets that investors trade in, and thus, the debt still acts as seeds, feeding the economy. With a ‘trust fund’, the money is simply removed from the economy and depreciates as the value of the dollar depreciates (which is made worse by erasing that much monetary value from the market.)

The ideal way would be for the government to run as flat of a budget as possible with emergency capital improvements financed through bonds (debt)- note, I said only run capital improvements through debt, not recurring expenses.