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National Infrastructure Reinvestment Bank

Infrastructure: Boring Word, Hot Topic

Jared Bernstein | Posted 05.25.2011 | Politics
Jared Bernstein

I know, "infrastructure" sounds really unexciting, not nearly as cool as a Mars probe or as obviously essential as health care reform. But investing in roads, bridges, water systems, schools, and other public goods is a critical need, and one that won't be met by the private sector. What's more, it's got some real political currency right now. In the short run, infrastructure investment could offset the cyclical downturn we're in immediately, and replace the demand lost to the coming downturn in consumer spending.