If you wanted to create jobs in a way that has minimal…
“If you wanted to create jobs in a way that has minimal effect on the deficit but has government action, the two best things you could do are the infrastructure bank and a simple SBA-like loan guarantee for all building retrofits, where the contractor or the energy-service company guarantees the savings. So that allows the bank to loan money to let a school or a college or a hospital or a museum or a commercial building unencumbered by debt to loan it on terms that are longer, so you can pay it back only from your utility savings. You could create a million jobs doing that.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Targeted government programs like an infrastructure bank and loan guarantees can spur jobs while limiting deficit impact.
In simple terms: Specific policies can create jobs without raising debt.
Key Takeaway
Use focused financial tools to boost employment.
Themes
economic policy
infrastructure
energy efficiency
Mood
analytical
optimistic
Type
policy
strategic
When to use this quote
- government budgeting
- private sector partnerships
- public building upgrades
Key Concepts
public finance
job creation
energy retrofits
Questions to Reflect On
- What barriers exist for such loan programs?
- How can savings be accurately measured?
A Different Perspective
Implementation depends on political support and administrative capacity.