The Brunch Table

3/6/2004

What would Tom Joad think?

Filed under: — Nick @ 4:01 pm

In the middle of a somewhat-unfocused Alternet article on the post-Reagan deterioration of California, I found this amazing fact:

In California’s glory days, in the 1960s, government spent as much as 25 cents out of every dollar on infrastructure: schools, roads and other stuff that Tom Higgins, a venture capitalist and Democratic activists in San Francisco, calls “engines of wealth creation.” Today those engines are cold. The state spends barely two cents per dollar on infrastructure.

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