Back in the 30s when Infrastructure spending got us out of the Great Depression, it was the infrastructure of the future - highways, dams, etc. Today, the equivalent would be spending on the 21st century infrastructure - technology, communication, healthcare, education. I agree with Andy on all the areas. I might add additional areas like - increased spending on radically new cures for diseases like cancer, diabetes and a variety of genetic disorders, making our schools the best in the world bar none, spending on new energy technology - solar, wind, gas and also safer nuclear power.
Infrastructure Spending Will Not Revive the Economy - WSJ.com
Saturday, December 26, 2009
Infrastructure Spending Will Not Revive the Economy - WSJ.com
Labels: Depression, economy, Infrastructure, recession, Stimulus
Posted by Sanjay Kalra at 12/26/2009
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