Friday, September 02, 2011


Kevin Drum is on-board for a trillion over five years.

Big Media Matt has always been on-board.

This is absolutely no-brainer public policy. The rest of the world is paying US for the privilege of holding dollar denominated instruments. We can turn that money into rail stock, concrete and a reliable electricity grid.

Yet, impossible. Not even worth the president's effort, or a concerted effort by the Democratic Senate to make the Republicans explain why we shouldn't build stuff with cheaper than free money.

The Chinese and the Indian historians are gonna make up some elaborate theories....