What I’ve always found strange about this is that there would be far better areas to spend money that would directly benefit society. Education, rail, manufacturing modernization, health.
Instead we have jets we don’t need, and tanks sitting in a desert unused.
Additional housing would even pay itself back on its own. Yes the government would take on debt but it would also receive rent payments that pay the debt off. The economic benefit of more housing in large cities is undeniable. Lots of people move to the city to work there, the end result is that you have employed both the construction industry and the future resident. There would be a net tax gain even though its a jobs stimulus program.
Instead we have jets we don’t need, and tanks sitting in a desert unused.