TheRifleman
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- Sep 25, 2008
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I would have agreed with you $20 trillion dollars ago. But right now we don't have the monetary system you think we have. We have a debt based monetary system. Debt represents money put into the economy. I don't think it should be represented on the books of the Federal Government as debt... because it isn't. It is mostly held by the Federal Reserve which created new money to buy that debt. We simply haven't seen all that new money having the effect you think it should have. The US dollar is not really that devalued and inflation hasn't been a problem.
If anything it looks to me like the US doesn't have enough circulating money to provide liquidity to all the things that need doing.
I agree with you concerning the monetary policies changing to a debt based.
The problem with the private Federal Reserve Bank is the debt is the American Taxpayers money being devalued.
I disagree with you concerning inflation. There is major inflation concerning the essentials of everyday necessities.
Homes
Healthcare costs
Colleges
Books Colleges
Food
Oil (is kept high but not out of control $2.7-3.00 Gallon)
What is in deflation?
Electronics
Plastics
Clothes
Toys
If the benefit of the cost is (in your own words) "Multiples", then why not do it?
So let me get this straight, Rifleman: If tomorrow, you could be certain that spending $25 billion on the NSRL, the Blue-Red Connection and Blue Extension to Lynn would bring a low "multiple" of three ($75 billion) in benefits to the region within 20 years - - - what would you decide?
I'm fascinated to hear your answer.
.
Investing in long-term infrastructure for a city should be viewed as very cautious and how to create a more efficient system without ongoing yearly costs through the decade or century.
I do support a massive Transit overhaul for all Red, Blue, Orange, Green purple for Massachusetts----Create a plan and make sure the plan includes how the system can become energy self-sufficient also.
If your going to spend 75 Billion in tax dollars make sure that it will last 100years along with not costing us a dime for yearly expenses. Along with having the most honorable individuals manage this money. Anything over the estimates will not be paid to the private companies and could possibly looked at as fraudulent bidding practices.
What I would decide is MBTA Transit expansions and super high velocity energy efficient cars.