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Old 05-24-2014, 03:10 PM  
Barry-xlovecam
It's 42
 
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Join Date: Jun 2010
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Posts: 18,083
Quote:
Originally Posted by SilentKnight View Post
The U.S. Federal Debt is about $17,690,680,484,000.

Who's gonna hold another pink slip for $3 trillion? How much of this hi-tech roadway is $3 trillion gonna build? A few highways? The streets around the Capital building in Washington?

Seems like an awesome concept. Sounds extremely unfeasible given the cost and the existing debtload to the nation (and that goes for us here in Canada, too).
A good share of the US debt was added after the '74 "oil crisis" embargo and is directly related on one way or another to fossil fuel policy. The dollar then in 1974 is worth about $0.21. So, it will be worth $0.15 in another 10 years regardless. But at least there might be a fighting chance if we change the fossil fuel dependence of the economy.

The debt is a red herring argument as there is no way to repay it the way we are going anyway. Who is going to agree to a 20% VAT tax to repay that debt

Like I said if this solar development will work in the real world ... Big if ... It's worth a few billion to prove it right or wrong -- the DOE has enough faith to fund research into is -- I say give it a chance. We need some disruptive change in the current economy because it is going nowhere really.
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