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

Build Your Own Paper Block City

Urban Fold is an all-inclusive kit that allows anyone to build the city of their dreams with a few simple folds.
$24.95
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25

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 $245
Wood necklace with city map

City Necklaces

These sweet pendants are engraved on a cedar charm with a mini map of selected cities. The perfect gift for friends and family or yourself!
$28.00