Infrastructure: The Deficit We Should Be Talking Abou
jaredbernsteinblog.com — It’s fair to ask if the new release by the American Society of Civil Engineers calling for trillions in infrastructure investment is analogous the American Society of Barbers calling for everyone to run out and get haircuts. But while I need to learn more about their methods, their results—we seriously need to upgrade our public goods—strongly resonate. But the current mantra of “Washington has a spending crisis” is divorced from both the reality of our fiscal accounts and importantly, our infrastructure needs. I can’t vouch for every number in here re the loss of GDP and jobs, but they’re clearly pointing in the right direction.