Michael Lind makes a good argument for a reform Obama needs to push — giving the federal government to do bond-based, long-term structural improvement programs, like states do with things such as highways — rather than a pay-go system.
Lind notes that Chris Dodd and others are pushing a national investment bank to be the funding agency for such bonds.
This does seem indeed like a “good government” no brainer.
Side benefit? It would investors seeking a relatively safe investment harbor a new port.
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