Public spending and investment has played a critical role in the development of America's physical infrastructure and our explosive economic growth. Government investment in railways, roads, bridges, schools, parks and social programs has contributed greatly to the American economy during the last two centuries.
Cry Wolf Quotes
This bill could affect the business of every executive in this room. It could affect the entire national economy and the private lives of every American citizen.
I assure you, Senator Javits and others are dead serious in this frontal assault against our free enterprise system. Make no mistake about it, we are talking survival.
The danger is from those who believe that government should be the source of all economic hope for the individual. The danger is from those who believe that government planning is a better device than the free marketplace for distribution of goods and distribution of the nation’s wealth.
S. 1795 could extend the authority of government into a takeover of the functions of the marketplace. What the American public wants to buy, and at what price, would no longer be the guideline for American business. Instead, the manufacturer and the businessman would have to look first to Washington, rather than to the consumer.
Related Laws and Rules
Backgrounders & Briefs
By Lawrence B. Glickman, Department of History, University of South Carolina
An overview of historical debates over, and the importance of, public investment.
By Jason Scott Smith, University of New Mexico
History is replete with evidence from the Great Depression that public investment in infrastructure did indeed generate employment and stimulate economic growth.