Statist Robert Kuttner : ' True public investment is often more efficient than private. '

Statist Robert Kuttner reports:

So let’s take Trump at his word and make America great again. A good place to start would be by repealing the $1.5 trillion in tax cuts for the rich and investing that money in America. Like in a serious infrastructure program.

That would provide tangible benefits that would help real people. It would create lots of good jobs, modernize public systems that have been under-funded for decades. And it would be a pretty good down payment on a green transition.

An Invest in America program would produce real investment, 100 cents on the dollar, as opposed to tax cuts that go into corporate stock buybacks and don’t add a penny to investment. And it would demonstrate that true public investment is often more efficient than private.

Topping up that $1.5 trillion with infrastructure bonds would help, too. If the Federal Reserve can buy over $3 trillion in sketchy financial paper to bail out underwater banks, maybe even the Fed can invest in America.

Big government advocate Robert Kuttner calls government spending an "investment".