I’m a daily shopper. Every afternoon I trundle over to my beloved little local grocery store, Happy Foods, and shop. Generally, I buy what’s fresh and what’s on sale.
Today on my regular daily shopping trip what to my wondering eyes did appear on the street that runs between my house and the grocery store but the sign above. I didn’t see any evidence of workmen but the traffic backup suggested to me that a lane ahead was closed. It did bring some questions to mind.
In what universe is patching a city street three years after the recession has ended an effective fiscal stimulus? How is it creating productive infrastructure?
The best that I can see that it does is move a little from the expenses section of Chicago’s balance sheet to the liabilities section of the federal balance sheet.