by Tyler_JC » Tue 19 Jul 2005, 14:23:16
$this->bbcode_second_pass_quote('FatherOfTwo', '')$this->bbcode_second_pass_quote('MonteQuest', 'F')atherofTwo,You chose to dismiss this report out of hand. That is your right. The infrastructure has a grade of D with a cost of 1.6 trillion over 5 years just to bring it to a C, much less expand it.
You cannot focus on just one aspect (the grid) and make the case that there is no physical obstacles to expanding the grid in isolation.
This report makes it quite clear: We don't have the money or time to repair and maintain what we have, much less build anything new to prepare for or mitigate peak oil.
I'm not dismissing it out of hand. (maybe my posts seem like I am, but I assure you I am not.)
Yes, of course, expanding the grid can't be done in isolation. But as peak oil hits, and as we are forced to make wiser choices about where energy is allocated, I think the grid is one area that will be called upon, there will be little other alternatives. Whatever takes to expand the grid it’ll be done. It’ll be a major effort, and it may not be a resounding success, but I still haven’t seen any fatal problems or weaknesses preventing a rejuvenation.
FatherOfTwo...
We need 1.6 trillion to bring us up to a C in the next 5 years.
Ignoring expanded airways and other illogical investments, we can get that number down to 1 trillion. However, if you want to bring us up to a B or an A (which would probably be required to have a nuclear economy) we will need closer to 2 trillion or more.
That means a budget the size of the Pentagon every year for 5 years. We also have a budget deficit the size of the Pentagon budget.
So the US must figure out a way to raise taxes to the tune of 2 Pentagons. That would kill the economy. Granted some jobs would be created by hiring electricians and construction workers to rebuild our roads/trains/dams/etc. But the overall damage caused by a tax hike of that magnitude...
Interestingly, 2 Pentagons equals roughly the amount of revenue generated by the income tax. Are we planning on doubling the income tax here??
Or we could just cut Medicare out of the budget completely. Actually, we would have to cut out both Medicare and Medicaid entirely to match the shortfall.
And during this time, the economy will probably not be growing as fast as federal expenditures. This will add to the shortfall.
Don't forget that higher energy prices will cut demand, less gas taxes to pay for the roads.
And a recession would further cut tax revenue AND increase unemployment expenditures.
And if you destroy the economy in the process of creating a new economy...it's a waste.