It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
During the London Olympics opening ceremony on television this past Friday, local stations across Massachusetts ran a new ad from Senate candidate Elizabeth Warren. Warren, the Democratic challenger to incumbent Republican Scott Brown, calls on America to allocate government spending more like Communist China.
According to Ms. Warren:
We've got bridges and roads in need of repair and thousands of people in need of work. Why aren’t we rebuilding America? Our competitors are putting people to work, building a future. China invests 9% of its GDP in infrastructure. America? We’re at just 2.4%. We can do better.
Where would the money come from ?
Ira Stoll at the New York Sun critiques both the content of Ms. Warren's advertisement and the political judgment of her campaign for running it:
The first problem is mathematical. U.S. gross domestic product is about $15 trillion a year. Increasing infrastructure “investment” to the 9% Chinese level that Ms. Warren cites would mean an additional $1 trillion a year in government spending. That’s an immense spending increase. To put it in context, the entire federal government spent about $3.6 trillion in 2011, on revenues of about $2.3 trillion.
We've got bridges and roads in need of repair and thousands of people in need of work. Why aren't we rebuilding America? Our competitors are putting people to work, building a future. China invests 9% of its GDP in infrastructure. America? We're at just 2.4%. We can do better. We can build a foundation for a strong new economy and get people in MA to work right now. I'm Elizabeth Warren and I approve this message. Let's go to work.
Happy Days are Here Again ?
The Civilian Conservation Corps (CCC) was a public work relief program that operated from 1933 to 1942 in the United States for unemployed, unmarried men from relief families, ages 17–23. A part of the New Deal of President Franklin D. Roosevelt, it provided unskilled manual labor jobs related to the conservation and development of natural resources in rural lands owned by federal, state and local governments. The CCC was designed to provide employment for young men in relief families who had difficulty finding jobs during the Great Depression while at the same time implementing a general natural resource conservation program in every state and territory. Maximum enrollment at any one time was 300,000; in nine years 2.5 million young men participated.
Originally posted by hoochymama
Just wondering, but where does our Military Spending stand as far as percentage of GDP?? Couldnt you, just a thought here, stop the spending over seas and invest that money in Infrastructure?? Or whatever else you want to spend that money on.edit on 31-7-2012 by hoochymama because: (no reason given)