ARC Cancellation Signals Larger Woes

Paul Krugman bemoans the death of the Access to the Region's Core project. He says it is symptomatic of a national resistance to address critical infrastructure and economic challenges.

Krugman characterizes New Jersey Governor Chris Christie's decision to kill the $8.7 billion project as shortsighted, given the needs of his home state, but also as part of a 'pattern of penny-pinching' at the local and federal level that contributes to prolonged economic stagnation.

For Krugman, low interest rates on federal debt combined with outmoded systems mean there is no time like the present to rebuild America's infrastructure. He also argues that investing in critical improvements would create jobs essential to the country's long-term recovery.

He writes:

'We are no longer the nation that used to amaze the world with its visionary projects. We have become, instead, a nation whose politicians seem to compete over who can show the least vision, the least concern about the future and the greatest willingness to pander to short-term, narrow-minded selfishness.'

Full Story: The End of the Tunnel

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $14.95 a month
Book cover of the Guide to Graduate Planning Programs 2012

Thinking about Grad School?

You need the essential resource for prospective planning students
Starting at $24.95
Book cover of Insider's Guide to Careers in Urban Planning

So you want to be a planner...

Check out our behind the scenes look at 25 careers in the Urban Planning field
Starting at $14.95