On the recordJanuary 6, 2011
But there's no question that in terms of our own country's history, going back in time, again, even to the beginning of our government, even during the Civil War when the finances of this country were completely going from almost day to day, Abraham Lincoln did not pull back in terms of the need for us to invest in rail, land-grant colleges. Again, this was in the middle of the worst conflict in the history of this country, but yet he still saw the need for us, as a Nation, to still continue to invest in the future, and we borrowed funds. Because those types of investments, investing in people through education or investing in infrastructure comes back to benefit the economy long term, and the multiplier effect is much higher than the actual pricetag of those initial investments.
