A Quote by Judy Woodruff
I mean, the 1930s are the birth moment of modern public sector, government-driven infrastructure spending.
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Living standards in both the public and private sector have to be brought down. The private sector has to sell more abroad and consume less at home. The government sector has to get closer to just spending what it can collect in taxes.
It's always been government's role to protect the security of the nation. And cyber-attacks is a security issue, from our perspective. And it's a security issue of particular concern with respect to the nation's core critical infrastructure, the infrastructure everyone relies on, the energy sector, the telecommunications sector, the banking sector.
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.
If taxes and government spending are both slashed, then the salutary result will be to lower the parasitic burden of government taxes and spending upon the productive activities of the private sector.
Private sector has no issue in coming into infrastructure sector. They know very well that infrastructure is one area that can give you very steady long-term returns.
I believe that "government", as we know it today, should pull out of most things except for law enforcement and justice, national defense and foreign policy, and let the private sector, a "Grameenized private sector", a social-consciousness-driven private sector, take over their other functions.
The biggest difference between the private sector and public sector is in the private sector, there's a sense of urgency because you have customers and you have competitors. Whereas in government, one of your major objectives is to not make any really big mistakes.
When you are in the infrastructure sector, you've to work along with the government.
As John Maynard Keynes taught us in the 1930s, in such situations, government is the only entity with both the motive and the ability to boost total spending by enough to put people back to work. As it happens there are long lists of important public projects that cry out to be done.
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.
For a generation, Republicans have tried to unravel the activist government under which Americans have lived since the 1930s, when Democrat Franklin Delano Roosevelt created a government that regulated business, provided a basic social safety net, and invested in infrastructure.
In the past we entrusted money to the government sector and the government sector simply did not spend the money wisely. And that is why we need reforms, but the government sector is not being reformed.
Private sector unionization is down to practically seven percent. Meanwhile the public sector unions have kind of sustained themselves [even] under attack, but in the last few years, there's been a sharp [increase in the] attack on public sector unions, which Barack Obama has participated in, in fact. When you freeze salaries of federal workers, that's equivalent to taxing public sector people.
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.
My focus and that of all members of the Government responsible for delivering services to the public is to make sure that the public sector can use all the skills it needs to do the job the public wants it to do.
In World War II, the government went to the private sector. The government asked the private sector for help in doing things that the government could not do. The private sector complied. That is what I am suggesting.
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