The road, bridge, school building and other projects are part of the city’s long-term capital plan after fiscal 2014, and some of them have already begun. But now spending on them will be accelerated to within the next two years.
The projects could create about 8,000 jobs, mostly in construction, and save more than $200 million in debt service because of historically low interest rates, New York City Comptroller John Liu said at the press conference.
When governments accelerate borrowing and spending on infrastructure maintenance, improvement, and construction, they create motherfucken jobbes, improve physical infrastructure, and save fucken money in the long run. Bloomberg understands this very clearly. So who benefits from governmental fiscal austerity? Greedy richasse motherfuckers sitting on huge piles of fucken cash like fuckeface Romney, thatte’s who.
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DaveUK
October 17, 2012 at 3:38 pm (UTC -7) Link to this comment
So who benefits from governmental fiscal austerity? Greedy richasse motherfuckers sitting on huge piles of fucken cash like fuckeface Romney, thatte’s who.
The kind of “austerity” the US government is talking about is akin to digging behind your couch for pennies to pay the fuckeen mortgage. It will do nothing but harm and contribute almost nothing to the fiscal outlook.
Steve R
October 17, 2012 at 10:55 pm (UTC -7) Link to this comment
By the time *anyone* gets to a position of significant power, he’s sitting on a huge pile of money. The Democrats are just better at hiding theirs.
Setár, genderqueer Elf-Sheriff of Atheism+
October 18, 2012 at 2:23 am (UTC -7) Link to this comment
Infrastructure? Nice, but that’s not nearly enough to counterbalance Bloomberg turning NY into a police state for anyone who a) isn’t white or b) questions the authority of Wall St.
mikecline
October 18, 2012 at 6:30 am (UTC -7) Link to this comment
I wish I could show this blog to my high school economics students, but too many fuck’n fucks. Great short article and blog in general.
Contingent Cassandra
October 19, 2012 at 12:44 pm (UTC -7) Link to this comment
It is, indeed, hard to see a downside here. Even if all the goals aren’t met, at least there will be some temporary jobs and badly needed infrastructure improvements. Of course if corruption were running rampant to the degree that the work was likely to be substandard or even dangerous, that would be a problem, but I don’t have any reason to suspect that that will be the case, at least not in any widespread way.
trazan
October 20, 2012 at 6:30 pm (UTC -7) Link to this comment
Sounds Keynesian.
Kingston
October 24, 2012 at 6:09 am (UTC -7) Link to this comment
Why is Bloomberg spending money to influence (i.e., harm) public education in Louisiana?
http://www.thenation.com/article/170649/why-do-some-americas-wealthiest-individuals-have-fingers-louisianas-education-system
I’m not sure there is anyone that rich who is not a fuckbagge.