New Jersey vs. China: Guess Which One Gets Infrastructure Right
http://smirkingchimp.com/thread/dave-johnson/59044/new-jersey-vs-china-guess-which-one-gets-infrastructure-right
New Jersey vs. China: Guess Which One Gets Infrastructure Right
Infrastructure
by Dave Johnson | October 17, 2014 - 9:29am
Here are two contrasting infrastructure stories to following up on yesterdays post, Investment In Infrastructure Would Cure Todays Slow Growth Problem:
The U.S. has deferred maintaining (never mind modernizing) our infrastructure for so long (since the Reagan tax cuts?) that the American Society of Civil Engineers 2013 Report Card for Americas Infrastructure gives us a D+, and states flatly that we need to spend $3.6 trillion by 2020 just to get back up to basic standards. (Imagine how many people would be hired, how many contractors and suppliers would be booming, and how many small businesses that sell to them would also be booming!)
Here is just one small example of Americas crumbling infrastructure and the economic consequences. The story, New Jersey Rail Nightmare: A Sign of the Infrastructure Crisis to Come in the Fiscal Times begins as follows:
The federal governments failure to invest in the countrys infrastructure has become such a significant concern to professional planners that both national and international organizations regularly rate the U.S. among the worst developed countries in terms of its maintenance of roads, ports, rail transit, and the electrical grid. Even so, barring major power outages or high-profile bridge collapses, the countrys crumbling infrastructure rarely penetrates the consciousness of the general public.