"Ever since ASCE (the American Society of Civil Engineers) began issuing its “National Infrastructure Report Card” in 1998, the nation has gotten a dismal grade of D or D+. In the meantime, the estimated cost of fixing its infrastructure has gone up from $1.3 trillion to $4.6 trillion. While American politicians debate endlessly... the Chinese have managed to fund massive infrastructure projects all across their country, including 12,000 miles of high-speed rail built just in the last decade... A key difference between China and the US is that the Chinese government owns the majority of its banks... The US government could do that too, without raising taxes, slashing services, cutting pensions, or privatizing industries..."
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Ellen Brown: If China Can Fund Infrastructure With Its Own Credit, So Can We, CounterPunch (18 May 2017)
https://en.wikiquote.org/wiki/High-speed_rail
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High-speed rail
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