Want to reboot the economy? Build some new roads! The American Society of Civil Engineers released a new report yesterday showing our economy will lose $3 trillion over the next decade thanks to the poor condition of our national infrastructure. As the report says, "If the nation's infrastructure were free of deficient conditions in pavement, bridges, transit vehicles, and track and transit facilities, Americans would earn more personal income and industry would be more productive."
That means more revenue into the government - which means lower deficits. So not only would we be stimulating the economy with a new national infrastructure project - but we'd also be addressing our debt. And this isn't a new idea - it's exactly what Democratic and Republican presidents did after World War 2 when our national debt was even higher - Eisenhower built the interstate highway system and expanded what is now Amtrak.
It's a no-brainer solution - unfortunately Eisenhower Republicans don't exist anymore.
-Thom
(What is the deteriorating infrastructure costing you? Tell us here.)
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