A Quote by Jejomar Binay
Spending on infrastructure will help employment.
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I`d say is stimulus infrastructure spending is not instant jobs. I think the real reason the president [Donald Trump] wants to do this is because we have a crumbling infrastructure problem and you need a good modern infrastructure for economic growth to occur.
No matter whether it is their intention or not, almost anything that the rich can legally do tends to help the poor. The spending of the rich gives employment to the poor. But the saving of the rich, and their investment of these savings in the means of production, gives just as much employment, and in addition makes that employment constantly more productive and more highly paid, while it also constantly increases and cheapens the production of necessities and amenities for the masses.
On infrastructure, there's a potential for Donald Trump to reach out to Democrats. He's talking about infrastructure spending far in excess of what any Republicans would have considered under a Democratic president.
Infrastructure is sort of that good spending in the middle, where even if you do misallocate resources a little bit, you still have something to show for it. It's tangible; it may help economic growth and so forth.
Infrastructure is one of the core responsibilities of government and one that cannot be shortchanged by other controversial spending. I believe investment in infrastructure pays dividends for decades and is a wise investment of taxpayer dollars.
We need strong public health institutions to respond to any challenge. We need to deal with critical infrastructure. The reality is that very little money has flowed to communities to help our first responders; to help our hospitals; to help the public health infrastructure.
In the US after the Great Depression, they invested heavily in infrastructure to create a lot of employment. In Germany after the war there was the Marshall plan for roads, rail, housing, energy, water and so on. That created massive employment after the devastation of the war and helped them to rebuild the country.
Public spending on infrastructure has fallen to its lowest level since 1947. And the U.S., which used to have the finest infrastructure in the world, is now ranked 16th according to the World Economic Forum, behind Iceland, Spain, Portugal and the United Arab Emirates.
Ronald Reagan cut taxes to raise the deficit to stop liberals in future years from increasing spending. Obama will raise spending to raise the deficit to stop conservatives in future years from cutting taxes. As he funds every liberal dream - from alternative energy production to infrastructure renovation to more federal revenue sharing - he will force a massive expansion in the size of government for a decade to come.
We will revive the emergency employment program established by former President Corazon Aquino. This will provide jobs for local communities and will help in the development of their and our economy.
The Occupy Wall Street collective is confused about what it wants but it wants it now! Some of the loonier demands from its independent thinkers: Striking all existing public and private debt from the books across the "entire planet"; elimination of all international borders; free college education; a guaranteed "living wage" for all regardless of employment; an end to free trade; trillions in additional spending for infrastructure and ecological restoration; and ending the fossil fuel economy.
Infrastructure investment can boost economic growth and employment, and, in fact, it is fiscally neutral.
Infrastructure spending does not create immediate jobs, and more than half of those jobs will pull from the pool of the already employed.
Infrastructure done right can help working people; infrastructure done wrong is just more money for private equity.
Our spending priorities are clearly in question when we are increasing bond indebtedness on pet projects such as museums while our infrastructure is allegedly failing. Mississippians are spending more on basic needs than ever. They don’t need their state government making that worse.
Too many politicians seem to reach for 'infrastructure' as the default answer to investment, as if roads and bridges were the answer to everything. Even the IMF and the World Bank seem to mainly offer infrastructure spending as an alternative to austerity, although they are right to focus on the need for investment.
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