Occasional thoughts and deeds of an Engineer
RSS icon Email icon Home icon
  • A Note to Self

    Posted on March 12th, 2021 cwmoore No comments

    Before the Biden Administration congratulates themselves too much they must get to infrastructure. IMHO, what follows is what is the most important to the USA. This will bolster our national pride and this will return to us our identity.

    The USA once maintained a robust commitment to public investment in things like spaceflight, medical research, the interstate highway system and the development of the internet, backed by Republican and Democratic administrations alike. Staying at the cutting edge is expensive: Between 1965 and 1980, federal expenditures on scientific research, physical capital and education regularly amounted to about 2.5 percent of G.D.P., more than $500 billion today.But that number plummeted in the 1980s. By Mr. Trump’s first year in office, Washington was spending less than 1.5 percent of G.D.P. on public investment, according to an analysis of Office of Management and Budget data from the Progressive Policy Institute, a center-left think tank. Before the pandemic, this plunge meant bridge collapses, Amtrak derailments and other disasters that Americans had come to see as inevitabilities. During the pandemic, that same chronic underinvestment invited mass death. Even the typically conservative U.S. Chamber of Commerce has spent years lobbying unsuccessfully for major increases in federal infrastructure spending.

    Post to Twitter

    Leave a reply

    You must be logged in to post a comment.