> if it's actually spent wisely.

Precisely.

A spending bill is like any other kind of investment: for it to pay back, it has to be made carefully and thoughtfully, and must be watched over like milk on fire until it actually bears fruit.

That's what the private sector and private capital does best, because in that space, failure spells death.

For a govt, failure means nothing - to quote PT barnum - there's a sucker (or taxpayer in that case) born every minute. All you have to do is survive the next election cycle, and doing that these days has pretty much nothing to do with how well you actually invest taxpayer dollars and everything to do with how good a PR firm you hire.

Sadly, the US govt (like most govts) are neither good at investing nor at babysitting their investments: they are one of the most wasteful human organization on the planet, both unwittingly (bureaucracy and thousands of federal employees who serve no actual purpose whatsoever) and willingly (corruption and pork).

The trillion dollar that is being spent in this bill will neither improve the infrastructure of the country, nor go to the pockets of people who need it to help them lift themselves out of poverty.

It will just be wasted, like most of the rest of your tax money.

Oh, and - minor detail - it's a trillion dollar the government doesn't have.

It is therefore going to take on additional debt.

But, I mean, at this point who's counting anymore?

https://www.usdebtclock.org/

> But this bill may help reduce longer term inflation if it's actually spent wisely.

Absolutely! And it's a shame that the USG is using this type of cash-based accounting instead of depreciating long term assets like any other business.

At the same time, anything to do with infrastructure is so wasteful that I am always a little afraid whenever these infrastructure bills come up.

Good discussion here: https://www.wbur.org/onpoint/2021/08/02/why-does-infrastruct...