Why....

[Cancel 2016.2]

http://www.salon.com/news/us_econom...tics/war_room/2011/08/18/obama_bold_jobs_plan

Why is it that we need an infrastructure bank? How about we just quit wasting money creating new government bureaucratic nightmares and just provide the money to the projects directly? WTF?

 

[Damocles]

Because it isn't "stimulus" unless you waste three dollars for every one creating a bureaucracy to detail who can have the money...

 

[Cancel 2016.2]

sad but true

 

[Bonestorm]

The way I understand it, the bank would lend money and guarantee loans for private infrastructure projects. What it seems you are talking about is government spending money on public infrastructure projects, which I think is a good thing, but its different from the role that the bank would play.

 

[Bonestorm]

And I'm all for spending lots of money on infrastructure projects, but with the spending cuts and the debt Henny Pennys in Washington, that ain't happening (notwithstanding that real interest rates are negative). The infrastructure bank is a relatively cheap way to finance infrastructure because it lends money as opposed to spending money.