Yes, I appreciate having this discussion!Your comments regarding getting the economy reinvigorated and what effect that would have are spot on in my opinion but we might disagree on the prescription to get to that point. I am not a fan of fiscal policy ie government spending to push infrastructure project because I don't see government spending as an efficient mechanism to create employment. I would prefer private sector job creation possibly through economic incentives such investment tax credits for new productive capacity and maybe tied to actual job creation targets.
Interesting dialogue, thanks
When private industry is not hiring, only the government can step in to invigorate the economy. With infrastructure spending the government hires many private firms to rebuild/renovate our schools, bridges, roads, energy grids, ports, and so on. These private firms hire millions of new employees. These new employees are taken off of unemployment insurance, food stamps, and other safety net programs, which saves tax dollars.
And these millions of new workers PAY taxes (instead of us taxpayers supporting them), and they also now have more money to spend, promoting hiring in many other businesses. Many more millions are hired by these booming businesses. It's an upward economic cycle.
World War II was a huge 'stimulus program' which pulled us out of the Great Depression. And in the 1950's President Eisenhower continued the stimulus by building the nationwide freeway system, by instituting the GI Bill, and even by helping to rebuild Europe with the Marshall Plan.
And our huge national debt was getting repaid, and all Americans prospered. History shows that the government can play an important role in getting our economy humming again.