U.S. Digital Infrastructure Needs More Private Investment

There’s an urgent need to invest in America’s crumbling infrastructure. Even our politicians agree on that. As anyone who has driven a car, ridden a train, turned on the tap, or lost power during a minor storm can tell you, we’ve fallen desperately behind in maintenance, to say nothing of improvements. The latest “report card” from the American Society of Civil Engineers gives the U.S. an overall grade of D+ for everything from roads and bridges to water systems, ports, public transit, power grids, and schools, estimating that just making critical repairs would cost over $3.5 trillion. Our presidential hopefuls are making their cases on the matter. According to a recent article in the New York Times, Hillary Clinton plans to spend $250 billion to create a national infrastructure bank funded by increased corporate taxes. Donald Trump promises to double that amount, borrowing the necessary funds through government bonds.

READ MORE

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.