What’s crumbling faster: US infrastructure, or political will to act?

Today the American Society of Civil Engineers gives our airports, bridges, dams, water systems, grids, ports, railways, roads, and public transit a collective D+. The society estimates that $4.6 trillion in spending is needed to reverse this — $2 trillion more than it predicts will be spent. Within 10 years, the society forecasts, failing infrastructure will cost our economy almost $4 trillion and 2.5 million jobs. From clogged roads to decaying airports to toxic drinking water, our economic and civic health corrodes. The management consulting firm McKinsey & Company estimates that every well-spent infrastructure dollar would raise GDP by 20 cents. But systemic, political, and fiscal stagnation breed paralysis.

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Source: Boston Globe

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