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by jonathankoren 2682 days ago
The amount of relative debt is irrelevant here. What is important, is that the US consistently pays more, and gets less.

Regardless of its merits, Spain spent 40 billion euros and got a functioning nationwide high speed train network.[0] California was looking to spend twice that and get a single line, and probably would have ended up spending even more if it was completed.

[0] https://elpais.com/elpais/2015/03/26/inenglish/1427383199_99...