Tuesday, February 19, 2019

Krugman

So who will rebuild America? [X] and his party have had their chance, and clearly refuse to act, so it will have to be the Democrats. Their proposed Green New Deal is deliberately short on specifics, but its clear thrust is toward a revival of the American tradition of public investment in the public interest.

And my guess, which is also my hope, is that if Democrats get the opportunity — if, in 2021, they regain control of both the White House and the Senate — they won’t let funding concerns block an infrastructure push. Major health reform will need new revenue sources, but given low interest rates, debt-financed public investment would be sound policy. Build we must, build we should, and hopefully build we will.
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