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      08-05-2011, 04:13 PM   #30

Drives: BMW turned up to 11
Join Date: Oct 2010
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Originally Posted by pman10 View Post
Infrastructure projects are all well and good, but as I mentioned, we simply don't have the financial means to carry out these projects. That is, not without cutting spending SIGNIFICANTLY somewhere else.
OK, so we agree that we have tools that were successful in the Great Depression, but you don't want to use them because we would go into debt to use them.

or there is another option....

How did they fund the infrastructure projects in the Great Depression?
Hint: Revenue Act of 1932

How did Clinton fund the balancing the budget? Reagan ran up the debt to 17-18 Trillion dollars (adjusted for inflation). Reagan put us in worse debt in the 80's than we are now, and Clinton was still able to balance the budget. Clinton did something to the tax code that helped balance the budget... What was it again???