Investing in Infrastructure Could Reduce Our Long-term Debt
Suppose we could enhance our long-run growth prospects, reduce our long-term unemployment problem, and reduce our expected future debt at the same time. Would that be a policy worth pursuing?
Infrastructure spending moves people off of couches and into productive employment — and that makes us all better off. It puts people to work on projects that promote economic growth — economic growth is one of the best ways to reduce the long-run debt burden — and money spent on infrastructure maintenance and repair saves us money in the long-run.
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