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Letter: It’s a shame we cannot afford infrastructure improvements

It’s a shame we cannot afford infrastructure improvements

According to a newly proposed plan to fix our deteriorating U.S. infrastructure, we can’t accomplish repairs without private funding and investment. Apparently, due to high U.S. deficits, we can only afford $200 billion of federal money for these types of projects. That’s interesting because we currently have almost $5 trillion of federal money tied up in matured financial products that the Federal Reserve Board is unwilling to sell off. These financial products were originally purchased to bail out the imploding financial services sector. It looks like it is still necessary to keep giving handouts to a greedy financial services sector whose incompetence and wrongdoing caused the Great Recession, but we can’t afford to pay for our own infrastructure improvements. Sad! Sick! #riggedsystem.

Peter Hojczyk


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