would be a lot better than the t-bills because then our risk-averse savers when you think about ricardo caballerorobably off on a taj gent here -- tangent here, we would have safe assets for the people to buy instead of selling it to the chinese, and these people putting it in the banks and it sits unused. larry summers tried to solve the very same problem with his idea for infrastructure. and we would all agree that infrastructure spending's probably better than just redistribution in terms of future growth. but what he doesn't tell you in his proposal is unless it increases government spending, then it's not borrowing the money that's sitting on the sidelines and putting it to youth. it both has to invest in infrastructure and increase government spending. government spending's at 36% of gdp, projected to grow nine points over the next 30 years as baby boomers retire. that's up to 45%. the debt is at 75% of gdp up from 35, it's projected to go to 140, and those projections are low because they assume we're going to drive the discretionary spending to zero which we're not going to do. so the imb

would be a lot better than the t-bills because then our risk-averse savers when you think about ricardo caballero probably off on a taj gent here -- tangent here, we would have safe assets for the people and these people put in the bank. it's unused. i'm trying to sell, larry summers tried to sell the samefo problem with this idea for infrastructure. we would agree infrastructureee spending is probably better than just redistribute in terms of future growth of what he doesn't tell you is unless it increases government spending then it's not borrowing the money that sitting on the sidelines and putting it to use. folks have to increase infrastructure and government spending. government spending is at 36%, projected at state and local, projected to grow as baby boomers retire. that's up 45%. the debt is a 75% of gdp. is projected to go to 140. those are low because they soon will drive spending to their which were not going to do. so the imbalance is even greater. do i think spending more money through the government rather than the private sector is going to help us more in the long run? it's hard