http://blog.tstc.org/2008/03/06/building-americas-future-but-how-to-pay-for-it/ News and opinion from the Tri-State Transportation Campaign Sat, 11 Feb 2012 20:36:55 +0000 hourly 1 http://wordpress.org/?v=3.1.3 http://blog.tstc.org/2008/03/06/building-americas-future-but-how-to-pay-for-it/comment-page-1/#comment-290 William R Neil Fri, 07 Mar 2008 23:47:13 +0000 http://blog.tstc.org/?p=203#comment-290 From the former Director of Conservation, NJ Audubon Society and the author of "The Missing Green Rail Vision for the MD/Metro DC Region:" James K. Galbraith has a 13 page essay called "the Macroeconomic Considerations of a Public Investment Strategy," published courtesy of the New America Foundation at (http://www.newamerica.net/publications/policy/macroeconomic_considerations_public_investment_strategy) that calls for a National Infrastructure Bank to be funded annually at 2% of the GNP - or about $290 billion dollars a year - about three times current levels. It would be deficit financed by the issuance of bonds and would be built upon the policy premise of revenue from carbon taxes - whether directly or from the cap and trade system. Yes he is John Kenneth Galbraith's son and part of the policy premise is not just funding for the new "Green Grid" but to help make up for the loss of construction jobs from the housing collapse calamity now unfolding. From the former Director of Conservation, NJ Audubon Society and the author of “The Missing Green Rail Vision for the MD/Metro DC Region:” James K. Galbraith has a 13 page essay called “the Macroeconomic Considerations of a Public Investment Strategy,” published courtesy of the New America Foundation at (http://www.newamerica.net/publications/policy/macroeconomic_considerations_public_investment_strategy) that calls for a National Infrastructure Bank to be funded annually at 2% of the GNP – or about $290 billion dollars a year – about three times current levels. It would be deficit financed by the issuance of bonds and would be built upon the policy premise of revenue from carbon taxes – whether directly or from the cap and trade system. Yes he is John Kenneth Galbraith’s son and part of the policy premise is not just funding for the new “Green Grid” but to help make up for the loss of construction jobs from the housing collapse calamity now unfolding.

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