The president is about to introduce a highway bill designed to “save a million jobs”…
Not, alas, a highway bill designed to “save a million highways”…
My friends, there’s a distinct difference…
The former implies that were it not for the 9+% unemployment rate, there’d be no need to spend billions on highways… And were there no need to spend billions on highways, billions would be applied elsewhere… The question is, if the bill passes, what exactly is the elsewhere we’re going to sacrifice?
And what happens when the highways are done? Using Washington’s logic, we better amend the bill to add six hour work days and three hour lunches for the labor… Sure, that’ll get the economy on the right track…
To reiterate my previous column’s point;
Plan A, we spend billions and gain absolutely nothing long-term…
Plan B, we gain something… (could be paying down the debt, not raising taxes, etc…)