Some of you might have caught my appearance on ABC advocating for a 2011 jobs bill. Here is a report discussing why it makes sense right now.
- We have projects that need to be done.
- We have people in the trades that could be earning a paycheck instead of getting an unemployment check.
- Interest rates are so low that projects are essentially interest free given historical construction inflation.
- The state of MN has a great bond rating and can borrow a billion more and still meet the most conservative financial standards.
So we can build more or wait until or projects cost 40% more and rates are much higher.