I can attest that the Japanese have paved a huge amount of their country with un-used roads and bridges since their bubble burst in 1989. I had no idea it was $6 TRILLION worth. What is clear is that the spending helped keep the same party in power while it was going on AND it helped to centralize power to an un-heard of level.
Our Treasury secretary has already laid the groundwork for his boss' excuses later: spending was way too small and too spread out to be effective. "If only we had spent more, we would have turned things around."
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