Comments on: As Geithner Touts Infrastructure, Skepticism Persists on $4B ‘I-Fund’ Plan http://dc.streetsblog.org/2010/03/17/geithner-praises-infrastructure-as-delauro-pres/ Your daily source for national transportation policy news and analysis. Thu, 09 Feb 2012 23:57:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: marin http://dc.streetsblog.org/2010/03/17/geithner-praises-infrastructure-as-delauro-pres/comment-page-1/#comment-157541 marin Wed, 17 Mar 2010 21:21:46 +0000 http://dc.streetsblog.org/?p=82401#comment-157541 One of the concerns about creating a "bank" is that it assumes that state/local govts have a mechanism to repay the bank. Just like today's job's bill package provides new Build America Bonds... relatively few local governments have any fiscal capacity to repay - even at very low interest. What we need is more deficit spending to kick-start the economy -- or raise the gas tax so as to not deficit-spend One of the concerns about creating a “bank” is that it assumes that state/local govts have a mechanism to repay the bank. Just like today’s job’s bill package provides new Build America Bonds… relatively few local governments have any fiscal capacity to repay – even at very low interest.

What we need is more deficit spending to kick-start the economy — or raise the gas tax so as to not deficit-spend

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