Letter: Infrastructure bill is important investment for Americans
Always remember that the federal government's budget is not like your home budget, or your state's budget. When the federal government passes a law and must print additional money from the U.S. Treasury to solve infrastructure problems like we have today, those additional funds help to create living wage jobs everywhere, increasing circulation of money in our economy for all workers.
Now passed in the U.S. Senate and headed to the U.S. House, the Bipartisan Infrastructure Bill of 2021 has the added value of helping to solve the most pressing problem in the history of the world. It strives to protect our planet from the effects of climate change by investing in jobs that can help reduce the excess CO2 in our atmosphere, much of which is human-caused, and directly causing increasing average temperatures worldwide. This bill's added monetary value will be absolutely essential if our species is to survive into the future.
Billionaires and private industry cannot solve these kinds of complex problems well, or by themselves. Only our federal government in cooperation with all our residents has the ability to study and organize the many complex solutions, and multilayered problems of climate change.
This understanding of what policy, like the infrastructure bill, can do for all of us is referenced by well-known economist Stephanie Kelton in "The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy."
And many economists now agree that we need to change our approach to monetary expenditures.
U.S. Rep. Cliff Bentz, R-Ontario, who represent's Oregon's 2nd congressional district, would do well to vote along with his Democratic colleagues in Oregon, when this bill comes to the House floor.
I know he believes in increased funding for renewable energy jobs in Oregon, like solar farming, because I asked him personally at a town hall.
Director of sustainableeconomiesnw.com
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