WASHINGTON (Reuters) - Democratic congressional leaders were negotiating details Thursday of a huge plan to jolt the American economy, including $85 billion for road, water and other construction projects in a bill that could total at least $600 billion.
Recommended reading: Government Projects do not "Create Jobs" by Isaac M. Morehouse:
When government spends money, it simply takes that money from one place (taxpayers) and moves it to another (state employees, roads, etc.). When private individuals spend money, that money always has the potential to create wealth as they choose the best use between competing businesses or banks.
Whatever your feeling on the need to improve state roads, do not let the myth of "job creation" and a "boost to the economy" be the rationale.
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