7 better uses for $700 billion according to Forbes

The U.S. Government wants the taxpayers to pay to bail out homeowners who bought to much home and wall street that made irresponsible decisions caused by government telling banks to give out these loans. Anyways, Forbes came up with a list of what could be done with $700 billion dollars:

Let’s start with the nation’s infrastructure. The American Society of Civil Engineers estimates our nation’s bridges need $180 billion in repairs, with our rail infrastructure in need of $185 billion in maintenance. California wants to spend $40 billion for the nation’s first high-speed rail network to connect Southern and Northern California.

Saskia Sassen, a professor on Columbia University’s Committee on Global Thought, points out that infrastructure investments would feed directly into gross domestic product, based on job and enterprise growth. And we certainly have the builders to do it. Unemployment in construction is 40% higher than in manufacturing.

Arizona Public Service, an electric utility, is building the nation’s largest solar power ray in the desert near Gila Bend, Ariz. It will be able to power 70,000 homes using only the sun’s rays — and will create thousands of high-tech green energy jobs. Construction costs will be about $1 billion, but the utility says the 3-square-mile project will pay for itself in about seven years. With $699 billion left over, you could put even more of the Southwest’s desert to work in creating clean energy.

Read the rest of the article of what we could do with this money.

Bookmark and Share