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?
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