Are there revenue sources for the new Treasury bond issues of the Economic Recovery Act?
The Infrastructure Plants Corporation that the ERA creates will lease many industrial plants to contractors for infrastructure; and much of public infrastructure involves fees paid by its users. Thus, there are many income streams that Congress can dedicate, in amending this Act, to reserve funds that support the credits issued to the Corporation. But the fundamental support of this bond-credit issuance is the increased productivity, and technological and scientific level given to the American workforce and the entire productive economy by this modern-infrastructure “driver.” Studies ever since the 1960s Apollo Project have shown that such high-technology infrastructure investments generate about $6 billion in direct and indirect income in the economy, for each $1 billion spent on them by government. The steadily increasing future tax revenues generated by this infrastructural investment, give the Treasury the capacity to retire these bonds as a matter of policy if they are issued as l
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- Are there revenue sources for the new Treasury bond issues of the Economic Recovery Act?