Dave Johnson, Another Bridge Falls — Fixing Infrastructure Fixes Jobs And Deficits, Campaign for America’s Future, May 24, 2013.
In Seattle another aging bridge has fallen. The American Society of Civil Engineers report America’s 2013 Infrastructure Report Card gives us a D+ and says we are $3.6 trillion behind in infrastructure maintenance. And this is just to catch up, not get ahead.
This work has to be done at some point but today we have a 10 million person employment gap. And today we can get the money to do this at close to zero percent. We have the double need — it needs doing and we need jobs — and we can get the money almost free.
The hiring and purchase of American-made materials involved in fixing the infrastructure would bring millions of jobs. It would boost the economy, increase the tax revenue and decrease safety-net spending.
Fix Or Build A Bridge: You Have The Bridge
And did I mention that when we fix or build a bridge we have the bridge? After we have updated the roads, bridges, electrical systems, dams, airports and everything else that means our economy is much more competitive and efficient. So the benefits continue. Compare that to the supposed benefits of tax cuts. After the tax cuts you are left with the debt they cause and less revenue with which to pay it off.
In this mornings post, Washington’s Literal Sinkhole, And Our Idiotic Fixation On Deficits — written before the bridge collapse — Bob Borosage laid it out,
There is an idiocy about our current national politics that is simply stupefying. We are sitting idly, watching, and suffering, as our nation disintegrates into a run-down backwater. Our airports are a global disgrace. Our railroads, broadband, energy grid are all outmoded by international standards. A bridge falls every other day. Our sewage systems are overwhelmed by normal use, and collapse in the extreme weather that has become the national norm. Sinkholes now are becoming a life-threatening peril.
Read the full article here.