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After 30 years of Reaganomics our infrastructure has fallen behind and we are not competitive in the

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midnight Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-21-10 09:04 AM
Original message
After 30 years of Reaganomics our infrastructure has fallen behind and we are not competitive in the
Edited on Sun Nov-21-10 09:05 AM by midnight
world ecomomy. Taxes bring in revenue to pay for improvements in infrastructure that cause the economy to grow. Investing in modern transit systems, smart grid, energy efficiency, fast internet and other improvements leads to a huge payoff. Infrastructure improvement and maintenance is the “seed corn” of economic growth. We have been eating that seed corn since Reagan’s tax cuts. Some might argue that we can just borrow to invest in infrastructure -- but we don't. One result of the Reagan tax cuts was a cutback in infrastructure investment, which is dissed as "government spending." (For some reason the same borrowing to spend on tax cuts is not dissed.) After 30 years of Reaganomics our infrastructure has fallen behind and we are not competitive in the world economy.

Apparently none of the gaggle of deficit commissions have seen this chart:http://www.truth-out.org/did-the-rich-cause-the-deficit65278

Sorry for linking this chart....Just don't know how to copy and paste it like the rest of artice. But it really is the best chart I have seen explaining how entitlements for the rich is impacting our infastructure-it is destroying it.

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LiberalArkie Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-21-10 09:10 AM
Response to Original message
1. How about this
<>
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midnight Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-21-10 02:16 PM
Response to Reply #1
4. Thank you so much.
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LiberalEsto Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-21-10 09:36 AM
Response to Original message
2. Take the Washington DC Metro, for example
Edited on Sun Nov-21-10 09:37 AM by LiberalEsto
The whole DC Metro transit system is falling apart, with faulty switching equipment that resulted in a fatal train collision last year, escalators that suddenly speed up and injure passengers, and chunks of the ceiling falling at one Red Line station this past week. Also last week, some people tried to climb up a non-working escalator only to discover a 5-foot gap of empty space near the top. No warnings posted at the bottom.

I view the decaying Metro system as a metaphor for the non-functioning infrastructure of the entire nation and for the political gridlock in Congress. Needless to say, I don't believe any members of Congress actually use the Metro. If they can't help keep the transit functioning in the nation's capital, what use will they be, particularly the obstructionist anti-government Repukes, in getting the rest of our infrastructure repaired.

I wonder what might happen if we put the US in receivership and let China take over.
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midnight Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-21-10 02:21 PM
Response to Reply #2
5. Sounds like the co. of Milwaukee, WI. Last summer a
parking lot that was in bad need of inspection collapsed killing a child.... The co. executive budget zero dollars so that when he ran for govt. he could tell the voter he kept their taxes down...
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Graybeard Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-21-10 09:41 AM
Response to Original message
3. Reaganomics = epic fail.
And yet the Repubs and tea baggers still

tell us the voodoo will work.:crazy:
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