Repairing infrastructure can fix the economy

Article here. Excerpt:

'Larry Summers, former secretary of the Treasury for President Clinton and the director of the National Economic Council for President Obama, has written a great article arguing for a substantial expansion of public infrastructure investment across the US in a bid to boost the economy:

The American economy is not performing to the satisfaction of the American people…

The single most important step the US government can take to reverse these discouraging trends is to mount a concerted, large-scale program directed at renewing our national infrastructure. At a time of unprecedented low interest rates and long-term unemployment, such a program is good economics but, more fundamentally, it is common sense.
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As an economic strategy, infrastructure investment also promotes fairness. The group in our society that has suffered most heavily from all of the structural change of the last generation is men with limited education. These men disproportionately work in construction, the core of infrastructure… Moreover, it is the majority of Americans, not the super-fortunate minority, who primarily benefit from improving public schools or airports or reducing potholes…'

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