Nation Building and Economics 101...

Paul Krugman spells it out:

“Interest rates are at historic lows, our current infrastructure is aging rapidly, and our economy is stuck in neutral. Now is the time to invest.”

Does that sound reasonable? It should, because it is. We’re living in a world awash with savings that the private sector doesn’t want to invest, and is eager to lend to governments at very low interest rates. 

It’s obviously a good idea to borrow at those low, low rates, putting those excess savings, not to mention the workers unemployed due to weak demand, to use building things that will improve our future.

This is nothing he has not been saying for years...
But it seems it took the Canadian Liberal party success story for him to simplify the message, lose the negativity, and preach by appealing more to reason than to hate for all the others, still getting it wrong...

Encore, encore, encore.

"K.I.S.S."
~ Kelly Johnson (?)
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 ADDED:
Now, who will listen and more importantly, act on such a simple message... ?

Since 2010 public investment has been falling as a share of G.D.P. in both Europe and the United States, and it’s now well below pre-crisis levels. Why?

The answer is that in 2010 elite opinion somehow coalesced around the view that deficits, not high unemployment and weak growth, were the great problem facing policy makers. There was never any evidence for this view; after all, those low interest rates showed that markets weren’t at all worried about debt. But never mind — it was what all the important people were saying, and all that you read in much of the financial press. And few politicians were willing to challenge this orthodoxy.

Most notably, those who should have stood up for public spending suffered a striking failure of nerve. Britain’s Labour Party, in particular, essentially accepted Conservative claims that the nation was facing a fiscal crisis, and was reduced to arguing at the margin about what form austerity should take.

Even President Obama temporarily began echoing Republican rhetoric about the need to tighten the government’s belt.

And having bought into deficit panic, center-left parties found themselves in an extremely weak position. Austerity rhetoric comes naturally to right-wing politicians, who are always arguing that we can’t afford to help the poor and unlucky (although somehow we’re able to afford tax cuts for the rich).

Center-left politicians who endorse austerity, however, find themselves reduced to arguing that they won’t inflict quite as much pain. It’s a losing proposition, politically as well as economically...