Hawaiian Dem responds to GOP objections to infrastructure bill by …..
We should deficit finance infrastructure. Money is cheap, and the things being built last for 30 or 50 or 100 years, so it should be amortized over that period This “pay for” thing is nuts. You just shouldn’t pay cash for infrastructure in a low interest rate environment.
“ in late March 2020, as lawmakers ponder how to alleviate the severe economic downturn induced by the COVID-19 pandemic in the United States, they seem to have coalesced around the need to upgrade American infrastructure and create jobs. President Trump publicly endorsed this possible deal as the next phase of the federal response to the pandemic. Secretary of the Treasury Steven Mnuchin told CNBC the President would like to take advantage of low interest rates to finance this potential bill. ”
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