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Wednesday, July 16, 2014

Congress At Its Worst. The Ignominy Of Not Passing A Strong Infrastructure Bill

Millau Bridge, France

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Congress at its worst. "Congress’s failure to pass a sensible bill in the aftermath of the financial crisis will likely go down as one of the great policymaking failures. Interest rates at that time were at historic lows, construction workers were out of work, and our infrastructure needed significant maintenance. If there ever was a time for a deficit-financed infrastructure package, it was then. But it's not too late....To be fair, Obama has been trying; he has made almost annual proposals to undertake such investment in infrastructure (albeit, not deficit-financed), but Republicans defeated them every time. That’s not what the current debate around the Highway Trust Fund is about, though." Danny Vinik in The New Republic.


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