The world economy faces huge infrastructure financing needs that are not being matched on the supply side. Emerging market economies, in particular, have had to deal with international long-term private debt financing options that are less supportive of infrastructure finance.
The Stop Corporate Expatriation and Invest in America's Infrastructure Act will put an end to tax-avoiding corporate expatriations and devote the resulting revenue to the Highway Trust Fund, which will address the immediate funding crisis facing America's highway and transit systems this summer.
Our critical infrastructure has not received the attention it needs for decades and as a result today our efforts to rejuvenate economic growth are compromised by clogged highways and railroads, unsafe bridges, inadequate airports and outmoded river locks and harbors.
We need inspired leadership, focused on the single greatest and least partisan issue facing us today: revitalizing our economy and creating the millions of jobs we need to make America great once again.
Anyone with half a brain will see this is the ideal time to borrow money from the rest of the world to put Americans to work rebuilding the nation's infrastructure. Problem is, too many in Washington have less than half a brain.
One critique you're beginning to hear about the infrastructure ideas in the president's jobs proposal is that the Recovery Act's infrastructure programs were some kind of bust, of never got started, or whatever. Demonstrably untrue.
To ignore needed public investments based on anti-spending ideology is to create an infrastructure deficit much more worrisome and damaging to the long-term economic well-being of this nation than the federal budget deficit.
In his State of the Union address, President Obama laid out strategies for better education, better energy production, better transportation and better job creation. All of these strategies are key to a stronger American economy.
But now, a preference has become a mandate, as sprawl has quietly been identified as a central cause behind a growing list of mounting national crises including foreign oil dependency, climate change, and the obesity epidemic.
Obama noted this plan "will change the way Washington spends your tax dollars." Given it's our tax dollars, I want to make a request. Let's have an online system through which the government can articulate success to the broader population.
Politicians, news reporters, and now voters have become obsessed with deficit reduction. Unfortunately, this "deficit cutting fever" now threatens the money previously allocated for the broadband stimulus programs.
Unless the stimulus can be leveraged to revitalize our education and workforce systems, the downturn will likely accelerate the recent trend in which the only good jobs go to those who have training beyond high school.