Except 99% of infrastructure is bid to private companies. As you read this, private local companies are repaving approximately 60 miles of roadway in Vegas. Federal and State monies are being used. Those monies will stay local to help our economy. For each dollar that is spent in the local economy equates to $1.70 in the US economy.
That is nothing special. That goes on in the public and private sector. What we are talking about here is the difference between the public and private sectors.
The reason the Pork Bill was an utter failure is because DumBama thought he would try to do things differently. In a normal economy, the private sector goes to work, creates money, and government takes some of that money for government responsibilities. In other words, the private sector supports the public sector. DumBama wanted to try the opposite which is the public sector support the private sector.
And that old rag that public money creates $1.70 for every dollar spent is a false calculation. It's the same speculation that the Democrats had with social programs. If that were true, our economy would be roaring right now because of so many people on the dole. 95 million Americans of working age not working nor looking for a job. If there were any truth to that theory, the food stamp people alone would have generated a great economy.
That is nothing special. That goes on in the public and private sector. What we are talking about here is the difference between the public and private sectors.
You mean the private sector is mostly or partially funded by the public sector and those dollars pay local salaries and boost the local economy? One of my five companies derives 40% of it's income from public monies.
Another great example where public funding helps locals is the Las Vegas Motor Speedway which was built directly and indirectly on mostly public monies. EDC is here this week. Over five days, EDC will provide $650M into the local economy; that's $650M IN FIVE DAYS! That wouldn't be possible without a public and private partnership. Neither would the road in front of your house.
The reason the Pork Bill was an utter failure is because DumBama thought he would try to do things differently. In a normal economy, the private sector goes to work, creates money, and government takes some of that money for government responsibilities. In other words, the private sector supports the public sector. DumBama wanted to try the opposite which is the public sector support the private sector.
No. Republicans didn't receive their handouts.
And that old rag that public money creates $1.70 for every dollar spent is a false calculation. It's the same speculation that the Democrats had with social programs. If that were true, our economy would be roaring right now because of so many people on the dole. 95 million Americans of working age not working nor looking for a job. If there were any truth to that theory, the food stamp people alone would have generated a great economy.
Really? Explain to me what happens to a dollar spent at 7-11.
More than 1/2 of the 'people on the dole' are rich and corporations who spend very little in the economy. That's why I push my $23.50/hr plan which takes the 'dole' monies from the rich and corporations and places it in the hands of workers.