American Infrastructure

KRUGMAN: Build, we won't. "We can’t simply write a check to the highway fund, we’re told, because that would increase the deficit. And deficits are evil, at least when there’s a Democrat in the White House, even if the government can borrow at incredibly low interest rates. And we can’t raise gas taxes because that would be a tax increase, and tax increases are even more evil than deficits. So our roads must be allowed to fall into disrepair. If this sounds crazy, that’s because it is. But similar logic lies behind the overall plunge in public investment....What’s useful about the looming highway crisis is that it illustrates just how self-destructive that political choice has become." Paul Krugman in The New York Times.

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European Infrastructure

Friend Al, an Australian businessman, burst in laughter when I mentioned American infrastructure.