03.08.2011 Policy Points

A Costly Infrastructure Deficit

The New America Foundation estimates that under-investments in physical infrastructure cost American households and businesses at least $195 billion a year in lost efficiency. Concludes the foundation’s study …

The American economy, in aggregate as well as at the individual level, is paying a heavy cost for its aging and deteriorating infrastructure. From wasted fuel to wasted time, lost lives and lost revenue, there is an obvious need to address the economic efficiency gap resulting from poor roads, antiquated air traffic control systems, and other out-of-date infrastructure. Ignoring America’s crumbling infrastructure will only serve to slow an economy that is in the early stages of recovery, and leave the future of American growth on shaky ground.

 

 

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