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The U.S. Needs an Infrastructure Bank

The president of Oracle is correct. We have a one hundred year old infrastructure and our politicians have put little money aside for maintenance and repair. My argument against the author’s suggested new account is that the federal government has decided to pay for everything else: Social Security, welfare, Medicare, Medicaid, education, the list is endless. A full two-thirds of the federal budget is social spending.

I think the government should only do the things that only it can afford to do, such as protect us and maintain the infrastructure. Alas, our million man standing army is gone, our bridges are falling down, and we the tax payers are tapped out. Unfortunately lives will be lost as a result of this situation. Now that Americans in all groups understand that they may vote themselves pay raises, I see it as impossible for our fiscal system to correct itself.

JBM