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Politics : View from the Center and Left

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To: Wharf Rat who wrote (282276)	11/6/2015 1:25:16 PM
From: Steve Lokness	Read Replies (3) of 541875

Wharf; There are some infrastructure projects to roads and bridges that should get done - of course. But what a fucking dead end! More roads more GW.............Why not get smart instead and push towards rapid transit like, well, pretty much like the rest of the world. But even in those countries that spend wildly for rapid transit and super fast trains - their economy is often stagnant. Japan, China, France. (Well China isn't stagnant but is slowing considerable). The same people who argue of the dangers of GW - seem to not be willing to make any changes that will make a meaningful improvement. You can put solar panels on your roof Wharf, but if then you drive everywhere and continue to argue for more and more roads, you are just not being honest with your ideology. But why, given the spending by Japan, arguable one of the worlds leaders on infrastructure spending for fast rail, why hasn't that catapulted Japan into an economy that Krugman only can dream of? What is happening in Japan as their deficit climbs and their population falls is that more and more of the money the government takes in (taxes) is needed to service the debt - or add yet more debt. Compounded debt if you will.

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