Fresh Start Political Thread

[SunnySide]

A bipartisan infrastructure deal reached by President Joe Biden and a group of senators would not only add to economic growth, but also lower the national debt, according to a new study from the University of Pennsylvania’s Wharton School.

Researchers at the Wharton School said the additional $579 billion in new infrastructure spending would increase domestic output by 0.1% and decrease the U.S. debt by 0.9% by 2050.

“Over time, as the new spending declines, IRS enforcement continues, and revenue grows from higher output, the government debt declines relative to baseline by 0.4 percent and 0.9 percent in 2040 and 2050 respectively,” the Wharton team wrote.

Speaking to CNBC on Tuesday, Wharton senior economist Jon Huntley said improvements to public capital (roads, bridges and other physical infrastructure) makes private capital (trucks and trains hauling goods for companies) more productive over time.

https://www.cnbc.com/2021/06/30/bide...pyToPasteboard

I dont put too much stock into these future looking cost analysis/benefit things.

its a 1.2T package and will include bringing high speed broadband to the really rural places that dont have it. Which is great ... but I thought private companies pay and build the cable lines and thus "own" it and make their billions.

Internet and access to internet certainly seems to be a public utility nowadays.

On a related but unrelated note .. I always found it funny when rural conservatives attack the USPS for not being profitable .. its like homey, they would be if they werent forced to deliver to remote rural areas for $0.55. You want to privatize mail? okay ... well good luck paying the fed ex sliding scale rate.