To Avoid a Recession, Start Spending Now
“For now, the United States can actually afford to pay for investments in its economy. The most important investment is human capital, such as education and training for workers, but spending for that is controlled primarily by state and local governments, not Washington. Federal policymakers do have the power to invest in repairing and upgrading infrastructure, paid for by gradual increases in taxes. This has the potential to increase productivity growth, stimulate more private investment, gain bipartisan support and connect, instead of further divide, rural and urban Americans.”