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Showing posts with label Crumbling. Show all posts
Showing posts with label Crumbling. Show all posts

March 12, 2015

U.S. Struggles to Build a Strong Infrastructure - ranks 12th in the World Economic Forum’s Global Competitiveness Report for 2014-15 - by Albert R. Hunt

If Washington were a rational place, a major measure to rebuild roads, bridges, ports and airports would be a slam dunk.

Few doubt the need. The United States has underinvested in infrastructure: It was ranked 12th in The World Economic Forum’s Global Competitiveness Report for 2014-15. Road repair needs are pervasive, a quarter of bridges require upgrades and the fast-rail system falls further behind other countries every year.

There is a broad consensus that infrastructure investment is a significant job-creator. It is embraced by the Chamber of Commerce, the A.F.L.-C.I.O. and many governors and mayors of both parties.

Republican congressional leaders want selective big accomplishments to prove they can govern. President Obama wants a few more successes in his final years. Infrastructure is one of the very few areas where they are on roughly the same page.

Moreover, the Highway Trust Fund, which finances federal transportation projects, expires in May.
Yet there is little reason to be sanguine. There likely will be a short-term fix for the highway fund. But the necessary longer-term systemic investments will be kicked down the road, a casualty of partisan gridlock.

Read more: U.S. Struggles to Build a Strong Infrastructure - NYTimes.com