The most important issue to me, which no one seems to be talking about, is infrastructure.
We've spent the last 10 years spending money fighting a war on terror while the rest of the world spent money investing in themselves.
We have a lot of catching up to do.
I don't think that people aren't talking about it because it isn't an important issue. I think we have a serious fiscal crisis on our hands that needs to be managed before any more money can be spent on large projects. Obama passed a 800 billion dollar stimulus bill to dole out to states for thsi purpose and it flunked. Not because infrastructure upgrades and maintenance aren't needed, but because state budgets are all running deficits. So they just jammed the money allocations into gaps.
If the money was doled out poorly or not specifically earmarked then that is one thing but it still doesn't mean that without infrastructure upgrades and maintenance we can have solid economic growth.
We've been funding two wars without paying attention to our infrastructure and now we're faced with a crumbling infrastructure AND an economic crisis.
Infrastructure first, then economy.
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WASHINGTON, D.C. - The nation’s deteriorating surface transportation infrastructure will cost the American economy more than 876,000 jobs, and suppress the growth of the country’s Gross Domestic Product by $897 Billion by 2020, according to a new report released today by the American Society of Civil Engineers.
Bang, meet buck: The 3 best infrastructure investments to restart our economy
At one time considered the best in the world, America’s infrastructure is now crumbling – and it’s holding back our economic recovery. There’s never been a better time to start rebuilding – and to get the best economic bang for our public bucks, we should begin with our nation’s water, waste management and energy systems.
https://www.gmanet.com/FactFile.aspx?CNID=63770
The report explains how international economic competitors are sprinting ahead of the U.S. and outlines the case for creating a blueprint to transition to a high-tech transportation network for the 21st century. The report also contains many sobering statistics detailing how the U.S. is falling behind including:
•U.S. infrastructure has fallen from first place in the World Economic Forum’s 2005 economic competitiveness ranking to number 15 today.