Federal Government Guarantee
We propose that the Federal Government guarantee municipal bonds in 2009 to get the market moving again. The plan is to encourage local governments to borrow money to improve needed roads, sewer & water, curbs and sidewalks, schools, and other important infrastructure. Put America back to work. Build America now.
Most local governments have a backlog of needed public infrastructure improvements. With support and encouragement from the Federal government, we could have major local programs underway soon.
This should be a very simple and low cost way to stimulate substantial public works expenditures this year.