Last week, a bill was submitted to Congress to create an entity to "facilitate efficient investments and financing of infrastructure projects." Robert Puentes of the Brookings Institution explains how he thinks a natl. infrastructure bank could work.
Emily Badger talks with Puentes about the proposed "American Infrastructure Financing Authority."
Puentes thinks it's an idea whose time has come, because "America doesn't make decisions very well on which infrastructure projects bear national significance - or even what that national significance should mean."
"As the U.S. tries to transition out of the recession into a new kind of economy, we should build infrastructure that serves that goal, Puentes says, that reinforces global competitiveness and economic growth (and not, say, the levy crumbling in an Appropriations Committee member's hometown)."
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