Industrial Insight

We are spending money on the wrong things in infrastructure…. | September 5, 2011

http://cafehayek.com/2011/09/crumbling.html

Crumbling

by Russ Roberts on September 5, 2011

in Stimulus

The House recently passed a bill that would allocate $18 billion for new construction projects. Barack Obama has signaled that he will sign a version of that bill and probably ask for tens of billions of dollars of additional spending to create badly needed jobs and help fix up America in the process. Money is going to start flowing.

And yet when it comes to the nation’s infrastructure, money isn’t the main problem.

A lack of adequate financing is part of the problem, without doubt. But the bigger problem has been an utter lack of seriousness in deciding how that money gets spent.

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About author

I'm the executive vice president for a steel casting trade association, the Steel Founders' Society of America. I've got a crazy wife, five crazy children, three crazy people that married into the family, and two crazy fun little grandsons.

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