Quote:
Originally Posted by Locke
You have to be smart about it because while you're looking to spend money to get it into public hands and keep the wheels turning and trains running you are bringing fewer dollars through the door so you have to be really careful with the ones you've got otherwise you dig a hole that you can never get out of.
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You raise a great point about infrastructure spending. Because the word 'infrastructure' gets thrown around as a buzz word to placate the populous into accepting fiscal deficits of grand sizes these days. In theory, if we're building things that we need anyway and accelerating their timeline's because the economy's slow and materials and labor are cheaper than yes this kind of investment is 'good.'
It's also good if we're building things that are public goods that only the public sector can do and their net benefit is higher than not investing, like say maybe some well-designed transit projects as an example, then maybe that can be 'good' infrastructure investments as well.
However, if we're spending money on building schools for the imaginary children of hypothetical inter-provincial migrants because after more than a decade of red hot growth the government hasn't adapted to the current economic reality
or
We blow money on things that are completely unnecessary or of dubious or immeasurable value to the province because the kinds of people making investment decisions are named Joe Ceci, then it's just wasting money.