Redressing America’s Public Infrastructure Deficit

Source: Bernard L. Schwartz, New America Foundation, Testimony Before the House Committee on Transportation and Infrastructure, June 19, 2008

Over the past several decades, we have accumulated a sizeable public infrastructure deficit. As a result, a variety of infrastructure bottlenecks-traffic congested roads, clogged ports, and an antiquated air traffic system, to mention just a few-have begun to undercut our economy’s efficiency and undermine our quality of life.

One of the reasons for this infrastructure deficit is that our system for financing infrastructure has become increasingly inadequate with the passage of time and has not kept up with the practices of other advanced industrialized economies….

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