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Posted by: Michael Mandel on February 02
Here’s another question for you all (and another preview of the coming cover story):
In his State of the Union speech, President George Bush proposed to boost spending for basic research. Suppose that Congress decides to pay for this increase, in part, by cutting funding for “the bridge to nowhere”—the proposed $315 million bridge to Gravina Island in Alaska (population: 50).
Question: Would such a shift in funding, from the “bridge to nowhere” to basic research, would have the effect of raising or lowering the national savings rate?
Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.