Nobody From Nowhere (@i8dc)

Occasional Common Sense

Real 30-year Treasury Yield is 0.7%

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http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield

Somebody please tell me again why it would be a bad idea for the federal government to borrow to put construction workers on bridge repair projects. You would stop paying them unemployment. Resultant tax revenue would be far more than the cost of borrowing. We have thousands of bridges that need work. What’s the flip-side that drives the opposition?

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Written by David Clayton

November 9, 2011 at 11:22 am

Posted in Punditry

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