“When President-elect Barack Obama announced last month that he would revive the economy with the largest public works program since the dawn of the Interstate System of highways, advocates for the nation’s long-neglected infrastructure were euphoric…. But those hopes are fading. As the details of the plan come into focus, big transformative building projects seem unlikely. And the plan does not begin to provide the kind of money that civil engineers believe is needed to bring the nation’s aging bridges and water systems and roads and transit systems to a state of good repair.” (New York Times, Tuesday)
The race for the money is on.
FEE Timely Classic
“Does Government Spending Bring Prosperity?” by Percy L. Greaves Jr.
