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In
their blind zeal to curtail all government spending, the Republican
politicians in control of the House of Representatives have missed one
of the central lessons of the past—the need to invest in infrastucture
that will make the country richer.
"America
used to be a country that built for the future," Krugman opens,
somewhat mournfully. "Sometimes the government built directly: Public
projects, from the Erie Canal to the Interstate Highway System, provided
the backbone for economic growth. Sometimes it provided incentives to
the private sector, like land grants to spur railroad construction.
Either way, there was broad support for spending that would make us
richer."
Not any more.
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