U.S. Infrastructure Needs More Than Stimulus Bump

26 April 2009 - 1:00pm

The recession has been a boon for stimulus-funded infrastructure projects. But despite the work, it's not the full revamp the nation's infrastructure system needs, according to Jonathan D. Miller in this piece from Citiwire.

"And it’s clear–throwing stimulus money at ad hoc projects, generating jobs in a serious recession, can add value, especially when the funds are targeted at refurbishing aging systems which otherwise might break down or even collapse."

"But let’s not pretend this short-term, ad hoc spending remotely addresses America’s infrastructure needs. The United States desperately requires a forward-looking plan for 21st century infrastructure that can support and sustain renewed economic growth and accommodate 100 million more Americans over the next 40 years."

Source: Citiwire, April 24, 2009
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In short, we’ve seen the last of the cheap oil on which we’ve built our economy, our communities, and our daily lives.