I agree with you on the foolishness of it.
Now maybe someone can help this poor uneducated scientist out with some economics. It is my understanding that the money for all of this will either be borrowed or printed, both of which do not sound good to me right now. Additionally, taxes are being cut so less revenue will be coming in. Please, please help me here, if most or all of this is to be borrowed money, how do any of these projects do anything to pay that money back? If I run a business and ask for a loan the bank is going to want to know exactly how the money I am asking for is going to eventually translate into money to pay them back. They may loan me money for raw materials or a new building, but only if those materials are going to be processed into goods that I can sell or the building is going to increase production or decrease cost, something has to be making money for me to get money. Now it seems to me the government is borrowing money for things that will never generate money, other than in tax revenue from you and I working, but even that at the current rate will never be enough to pay the money back. If none, or at best very, very few, of these projects will ever produce any revenue other than taxes where is the money going to come from to pay it back to China? All I can think is that somewhere down the line there will be an astronomic tax increase for us or our children to just pay the interest on this money. Am I wrong?