If youre seduced into listening to most politicians, youll probably think that our good country is headed towards infinite decline that well never crawl out from. Surely, any positive vision of the future is doomed, especially innovative solutions. And certainly, in our own state, a monorail on I-70 and I-25 will never be seen but I deeply disagree.
There are two ways to handle major recessions or depressions. One way is to tighten up all spending, reduce growth, and proactively create a smaller society that will not spend as much money, as we slowly whittle away any available funds. The other way is to disregard all economic indicators, borrow large amounts of money, and spend it proactively, putting all industries to work.
Facing a depression, President Hoover rationally increased taxes on individuals and corporations, thereby reducing business growth and creating smaller systems of business. The result? Record levels of unemployment, hunger and poverty. And then theres President Reagan who, when faced with the threat of Soviet invasion and a drastically declining economy, seemed to irrationally cuts taxes and spend on arms and new technology. The result? America produces its most active economy ever.
Thus, history is very clear on how to solve recessions: Lower taxes and high investment will create new jobs, develop new industries and, ultimately, deliver us better infrastructures and work forces. We cant spend our way out of problems, but we can invest our way out. With that said, there is no better time to pursue monorailing I-70 and I-25 than right now.
And consider what the financial crisis has given us, in terms of benefits? The cost of construction materials, including concrete, asphalt, and steel, have all fallen drastically, due to markets in China and India halting new construction projects. Labor will likely be cheaper as well, due to a higher demand for jobs. And of course, the cost of oil is down, making everything cheaper. What might have been a $15 billion monorail project before could possibly be a $7 billion project now. And few politicians in our state seem to be willing to downsize our $18 billion yearly budget; clearly, a one-time fee of $7 billion will not break our budget and thats only if the project cannot pay itself off.
Thus, its time for our leaders to take advantage of the current situation and make it better. Instead of bailouts and loans, its time to borrow capital and invest. While I cant stand his pandering towards the notion that things will get worse, I do applaud President-elect Obama for pledging to increase investment in infrastructure. And if our President-elect is ready to invest in infrastructure during these tough times, then our good state should be ready to follow his lead.
Colorado its time to build a monorail.
There are two ways to handle major recessions or depressions. One way is to tighten up all spending, reduce growth, and proactively create a smaller society that will not spend as much money, as we slowly whittle away any available funds. The other way is to disregard all economic indicators, borrow large amounts of money, and spend it proactively, putting all industries to work.
Facing a depression, President Hoover rationally increased taxes on individuals and corporations, thereby reducing business growth and creating smaller systems of business. The result? Record levels of unemployment, hunger and poverty. And then theres President Reagan who, when faced with the threat of Soviet invasion and a drastically declining economy, seemed to irrationally cuts taxes and spend on arms and new technology. The result? America produces its most active economy ever.
Thus, history is very clear on how to solve recessions: Lower taxes and high investment will create new jobs, develop new industries and, ultimately, deliver us better infrastructures and work forces. We cant spend our way out of problems, but we can invest our way out. With that said, there is no better time to pursue monorailing I-70 and I-25 than right now.
And consider what the financial crisis has given us, in terms of benefits? The cost of construction materials, including concrete, asphalt, and steel, have all fallen drastically, due to markets in China and India halting new construction projects. Labor will likely be cheaper as well, due to a higher demand for jobs. And of course, the cost of oil is down, making everything cheaper. What might have been a $15 billion monorail project before could possibly be a $7 billion project now. And few politicians in our state seem to be willing to downsize our $18 billion yearly budget; clearly, a one-time fee of $7 billion will not break our budget and thats only if the project cannot pay itself off.
Thus, its time for our leaders to take advantage of the current situation and make it better. Instead of bailouts and loans, its time to borrow capital and invest. While I cant stand his pandering towards the notion that things will get worse, I do applaud President-elect Obama for pledging to increase investment in infrastructure. And if our President-elect is ready to invest in infrastructure during these tough times, then our good state should be ready to follow his lead.
Colorado its time to build a monorail.


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