Friday, 7 October 2016
Time to fix our crumbling infrastructure (Aaron Klein, Brookings)
America’s aging infrastructure is slowing economic growth. Repairing what already exists and expanding it to meet our modern economy is a multi-trillion dollar effort. Despite wide-spread acknowledgement of the problem across the political, business, and labor spectrum, a serious effort has been lacking. The federal gas tax, the main source of federal road infrastructure funding, has not been increased in over 20 years. States and localities can only do so much without Uncle Sam and when the federal government acts, it is often in a siloed fashion without producing incentives for smarter investment.
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