City of Detroit and State of Michigan will quickly come to a CrossRoads. Do people want repaired roads, clean water or the toilets to flush ?
Having all 3 happen involves money - municipal bonds, borrowing, interest. Can it all happen at ONCE , by simply printing money from the Feds ? What threshold of taxation will residents be willing to endure ?
Many countries have partly privatized infrastructure through public-private partnerships [[“PPPs” or “P3s”). When private businesses are taking the risks and putting their profits on the line, funding is more likely to get allocated to high-return projects and complete in the most efficient manner.
Around 56 percent of all Americans have a subprime credit rating, the average monthly car payment in the US is $474, and 52 percent of homeowners are overextended on their mortgages and “cannot even afford the house that they are living in right now.”
The Congressional Budget Office predicts that the economy will stall by 2017 because Americans will continue spending, but wages and wealth won’t be going up .
Total US debt is now almost $59.4 trillion [[ government, businesses, and people) Just 40 years ago it was only $2.2 trillion .................................................. .............
Bookmarks