Warren Meyer helps answer our dear technocrats’ question:
In an idealized Platonic technocratic world that many Lefists still insist on believing we actually live in, trustworthy and knowledgeable agents of the state would work up such a list and we could fund it, happy we have made a good financial decision. But we don’t live in that world, as I wrote in the comments
The reason this does not fly has to do with politician’s incentives and trust. In short, Democrats had their chance to do exactly this. Two years ago, nearly a trillion dollars of such stimulus was approved and sold to the American people as just this sort of infrastructure spending.
But it was no such thing. Most of the money went to state and local governments as transfer and stabilization payments to keep unionized government workers, who are reliable Democratic voters, employed. Congress and the Administration knew that the majority of the public would have been leery about spending it this way, so it was sold as “infrastructure” despite the fact that less than 10%, by my count, could reasonably be called this.
Read the the whole thing.