If, and only if, China believed the American economy which I believe is their largest trading partner were in danger of going "belly up" I bet they would do it. They have to much invested and invading the U.S. would be far costlier.
State of the Union Address - 24 Jan 2012
- Thread starter Catatonic
- Start date
Increase jobs. Far better for commerce in a multitude of dimensions. So if it has to be done, isn't now the time to do it? Of course, that would be labled as "stimulus" and that's a bad thing.
trplnkl
555
Infrastructure jobs are by nature temporary jobs. Not a totally bad thing as it would (if privatized) increase tax revenue and consumer spending, for a period of time, not a permanent fix. The value of "stimulus" has taken on a new meaning in the last few years. Once it meant to encourage growth, today it means to forcibly redistribute wealth and yea in general, not a good thing. IMO, the infrastructure relates to roads, bridges and things in that manner and is important to accessibility, it makes our lives easier(who knows what 0bama means when he says it). Another question is how much infrastructure do we need and how much can we afford today.
From the reports I've heard, we need alot of infrastructrure built and repaired. I remember after that bridge in Minnesota collapsed, they started doing extensive studies all over the country. But the nature of construction spending is distorted because we haven't done adequate maintenance for years. You can say it's temporary only if we continue the "build and ignore" policy. I think we should adopt the European road building techniques. Had an article in Time years ago. Much deeper base, far better results.
trplnkl
555
Can't disagree with the build and maintain, it's ridiculous that it hasn't always been that way.
The number of permanent "repair" jobs would be miniscule compared to the temporary "build" jobs, though some jobs could encompass both.
If I remember correctly the collapsed Minnesota bridge was closed for repairs when it collapsed and had been OKed by federal inspectors as just in need of repairs.
trplnkl
555
Must be a different bridge or I had forgotten some details. Either is possible.
Yeah. I just googled it. There's stunning video of the I35 West bridge in Minneapolis coming down. Disgraceful that a bridge that big could ever get to such a state of dis-repair.
Is that not what our gas taxes are used for? Or suppose to be, road repair, and license taxes, and tolls?
trplnkl
555
does that bridge fall under the jurisdiction of federal or the state?
OH, never mind, just realized you mentioned I35, that would make it federal
trplnkl
555
and then some.
Just_another_day_at_work
Well-Known Member
In my opinion they have to park somewhere their dollars, they have a lot of USD because we buy their cheap stuff. They have a trade surplus with us.
But they don't want to cause panic so they are slowly reducing it and has been for a while now:
China Brings US Treasury Holdings To One Year Low, Russia Cuts Treasury Exposure By 50% In One Year | ZeroHedge
Just_another_day_at_work
Well-Known Member
The easiest way to explain our debt is:
the private central bank create a dollar + interest for you, how are you going to pay it back? (you cannot create dollar)
the private central bank create a dollar + interest for you, how are you going to pay it back? (you cannot create dollar)
Babagounj
Strength through joy
moreluck
golden ticket member
moreluck
golden ticket member
Fuzzy Facts.....lies??
Fact Checking Obama's SOTU: Corporate Tax Myths - Chris Edwards - Townhall Finance
Fact Checking Obama's SOTU: Corporate Tax Myths - Chris Edwards - Townhall Finance
Similar threads
