The last time I was in New York city on business, I stood in the sweltering heat on the subway platform on 42cd street, watching sewage leak through the ceiling as a rat investigated garbage on the tracks. Cut back and raise fares has been the motto of the NYC transit system since the 1970s if not before and the results are clear. Meanwhile the old Woolworth house is available
for a mere $90million. Rolls Royces and Bentleys negotiate streets that are cracked and split, raw sewage spills out of old and overburdened sewage treatment plants into the Hudson and washes past Frank Geary's opulent new media palace in Chelsea. New York has always been a wild place, with big gaps between rich and poor, but the ongoing collapse of infrastructure at the same time as an explosion of opulence is something relatively new.
The American Jobs Act is waiting for someone in Congress to find time between fund raising from lobbyists, complaining, and renaming post offices to do something for the country. The bill will employ people to fix water and sewage lines, roads, and bridges. It will be paid for by making Hedge fund managers pay ordinary income tax on earning, just like transit workers, and by cutting corporate loopholes like a government subsidy for executive jets. And our Congress is having a hard time passing the bill. What is wrong with those people?