Much of our infrastructure is many decades old, leaving it susceptible to damage and disruption, and built according to outdated sustainability, health, and safety standards. Our roads are among the worst in the rich world, our dams and bridges are literally crumbling, and our rail and waterways systems are a joke by international standards. The sad fact is, our spending on infrastructure has fallen victim to misplaced priorities like tax breaks for the rich which only slow down growth rates and depress wages. We need to start investing in America again!

And I do mean this in terms of an investment, since infrastructure spending is never a waste. Study after study shows a three-to-one gain in productivity from infrastructure spending. Paired with sensible tax and growth policies, infrastructure spending is not only affordable, it makes us all richer and better off. The US standard of living has been falling for decades now, and in many parts of the country the roads are filled with sink holes and high-speed Internet is a distant dream. Back in the 1950s and 1960s, when Congress and the presidents were willing to invest in making life in America better for all, we had the longest sustained economic boom in the country’s history. Boosting spending in every part of our infrastructure would have no only immediate benefits to the economy and quality of life, but would lead to sustained annual improvement in both areas. It’s time to start thinking of an America that’s ready for the future, and not an America that’s married to a fading and dying Dream…

Photo by Santeri Viinamäki via Wikipedia (CC BY-SA 4.0)