Paul Krugman tells us that there’s never been a better time for the federal government to invest in public goods and services. First, the economy and Americans could surely use the work. Second, borrowing costs for the government are at bargain levels.
Right now, federal spending represents just six percent of GDP, with only 1.6 percent of GDP going to public construction, including transportation. Total government spending, including state and local, brings us to about 33 percent of GDP.
How does that last figure compare with our European counterparts?
As you might imagine, there are people in the U.S. who resist government spending. They are essentially all Republicans. But the opposition is quite pronounced among the Koch brothers and their circle of rich, white, angry men. This oligarchy, which has managed to largely supplant the Republican Party in both size and effect, makes sure that we Americans lack the public resources enjoyed by the citizens of Scandinavia and North-central Europe.
Those who dare call attention to the inadequacies are called “socialists.” Therefore, they have absolutely no place in America, a country built on the backs of slaves and a history of bullshit.