Paul Krugman on the craziness behind Republicans blocking highway spending: "So the highway issue should be seen as part of the larger craziness of infrastructure policy, in which spending has crashed at a time when by any reasonable criterion we should have been building much more."
Here is some context on this, from Alternet: "The federal highway trust fund, which pays for a large part of American road construction and maintenance, is almost exhausted. Unless Congress agrees to top up the fund somehow, road work all across the country will have to be scaled back just a few weeks from now. If this were to happen, it would quickly cost us hundreds of thousands of jobs, which might derail the employment recovery that finally seems to be gaining steam. And it would also reduce long-run economic potential."
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If this were to happen, it would quickly cost us hundreds of thousands of jobs, which might derail the employment recovery that finally seems to be gaining steam.
I believe Republicans would view this as a feature, not a bug, especially in an election year.
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