Friday, July 1, 2011

Barton Biggs: U.S. Needs a Massive Public Works Program - WSJ.com

NEVER-NEVER LAND: Barton Biggs: U.S. Needs a Massive Public Works Program - WSJ.com

This is almost a joke - a sad one at that.

Clearly, we need to assess employment policies that discourage employing those with less of an education (let's just admit its a problem).

Public works might be good but if the contracts are let out under Davis - Bacon (?) where union wage rates are required, then this is more of the problem than the solution.

The US needs to be business-friendly and investor-friendly. Dealing with companies paying less tax than someone else thinks they should is just a sign of too high rates.

The idea of bringing down government expenditures as a percent of GDP is the best idea - not mentioned by Biggs!

Make US tax rates competitive and make the US a competitive business environment - that would be my suggestion - not more debt and more boondoggles.

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