{"id":22936,"date":"2016-08-03T00:00:52","date_gmt":"2016-08-03T04:00:52","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=22936"},"modified":"2016-08-03T00:05:39","modified_gmt":"2016-08-03T04:05:39","slug":"trump-says-hell-spend-more-than-500-billion-on-infrastructure","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2016\/08\/03\/trump-says-hell-spend-more-than-500-billion-on-infrastructure\/","title":{"rendered":"Trump Says He\u2019ll Spend More Than $500 Billion on Infrastructure"},"content":{"rendered":"

Robert Reich has posted an analysis of an article<\/a>.\u00a0 The Bloomberg<\/em> article is at Trump Says He\u2019ll Spend More Than $500 Billion on Infrastructure<\/a>.<\/p>\n

\nUnbelievable. Trump has actually come up with a sensible economic proposal. He said today he\u2019d \u201cat least double\u201d the size of Clinton\u2019s proposed $275 billion to rebuild the nation\u2019s infrastructure \u2013 putting people back to work repairing America\u2019s crumbling roads, bridges, public transportation, water and sewage systems.<\/p>\n

Trump was vague about how he\u2019d pay for it, but sounds as if he intends to have the government borrow the money.\n<\/p><\/blockquote>\n

Let’s see if I have the mechanics of this right.\u00a0 The FED creates money which it feeds to the rich people of the country (quantitative easing is one example.\u00a0 Buying worthless private paper with official money), then another arm of the government, the Treasury, borrows the money back with interest, and spends it on the infrastructure.\u00a0 How is that different in economic effect from the FED creates the money, gives it to the Treasury, and the Treasury spends it on the infrastructure? No debt, no gift to the rich.\u00a0 (There are some economic differences which would be a healthy exercise for you to contemplate.)<\/p>\n

When Reich asks what do I think, I gave him this response.<\/p>\n

\nWell, I think you are being disingenuous by talking about the need to pay for this, when you know full well that the US Government is the only entity that has the legal right and responsibility to create fiat money for the USA.<\/p>\n

You can also try to tell us that Hillary Clinton, whom you have known for 50 years, is qualified to be President, when you know in fact that she hasn’t a clue about economics, and has the most incompetent, Wall Street friendly economic advisors that it is possible to find?<\/p>\n

When are you going to start leveling with your readers?\n<\/p><\/blockquote>\n

Even some of the economists who purport to be on our side are not willing to tell the whole truth. What’s with that?<\/p>\n","protected":false},"excerpt":{"rendered":"

Robert Reich has posted an analysis of an article.\u00a0 The Bloomberg article is at Trump Says He\u2019ll Spend More Than $500 Billion on Infrastructure. Unbelievable. Trump has actually come up with a sensible economic proposal. He said today he\u2019d \u201cat least double\u201d the size of Clinton\u2019s proposed $275 billion to rebuild the nation\u2019s infrastructure \u2013 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-22936","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/22936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=22936"}],"version-history":[{"count":4,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/22936\/revisions"}],"predecessor-version":[{"id":22940,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/22936\/revisions\/22940"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=22936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=22936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=22936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}