Good segment on 60 Minutes here exploring the very serious problem of America’s failing infrastructure. Last week I noted that an infrastructure plan should be one of our “no-brainer” policy ideas. If you want to see just how huge a problem this is then watch the 60 Minutes segment. It’s frighteningly important that we start to deal with this problem in a big way. Unfortunately, myths about the USA being bankrupt or on the verge of a high inflation continue to keep us from implementing the necessary fixes….Not to mention the fact that our leading policy theorists seem to all think that the Fed is enacting this massively “stimulative” policy via QE so that leaves no room for fiscal policy. It’s all misleading, hurting economic performance and making the country an unsafe place.
Source: 60 Minutes