To finance infrastructure feds should sell land, bonds
| January 24, 2009 |
As it’s currently conceived the federal government’s proposal to rebuild infrastructure and stimulate the economy is going to be financed by debt spending, which creates the danger of massive inflation, lets foreign countries own an even bigger chunk of our finances and sticks your children and grandchildren with the bill.
There are two better solutions for debt reduction and infrastructure spending mentioned by several commentators. First: The federal government can raise the money by selling off some of it’s land. And second, sell infrastructure bonds. These are long term strategies that will stabilize the economy and show investors that the government is serious about its obligations. Of course both propositions take power away from politicians and give it back to the people, which is why any such proposals face an uphill battle.