What: "Why This is Exactly the Time to Rebuild America's Infrastructure"
When: September 26, 2011
In fact, it's cheaper than ever for the United States to borrow. That's because global investors desperately want the safety of dollars. Almost everywhere else on the globe is riskier. Europe is in a debt crisis, many developing nations are gripped by fears the contagion will spread to them, Japan remains in critical condition, China's growth is slowing.
Put this together with two other facts:
Unemployment in America remains sky-high. 14 million Americans are out of work and 25 million are looking for full-time jobs.
The nation's infrastructure is crumbling. Our roads, bridges, water and sewer systems, subways, gas pipelines, ports, airports, and school buildings are desperately in need of repair. Deferred maintenance is taking a huge toll.
Now connect the dots. Anyone with half a brain will see this is the ideal time to borrow money from the rest of the world to put Americans to work rebuilding the nation's infrastructure.
Problem is, too many in Washington have less than half a brain.
Remember this in the days to come. Or, to put it simply, anyone want to lay odds that between beltway media and the usual punditry suspects, Reich is an outlier?
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