The difference between investment and spending?
- Investment - spending on what you want to spend money on.
- Spending - someone else spending money
Democratic investment sounds good in theory. Except for:
- their track record
- their investments are more than the minimum needed
- their priorities
- the state of the United States budget in 2011.
If you have the money, buy the steak. If not, tighten your belt and go with the less expensive meal to fill your stomach.
Educate the children? Great, do it on a home schooler's budget.
Pour money into mass transit? Where will it work (cities) and where will it not? Don't think if you build, they will come. With a computer and internet access today, we'll likely be less centralized in 10 years.
Invest on a budget. That's the way to go.
Because spending the money we'll need in the future today won't get us to a happy future. We've eaten enough "seed corn" on investments over the years. Let the "seed corn" grow before we gorge ourselves on it.