The present state of the American infrastructure—roads, bridges, water supply, and the like—has been given an overall grade of D by the American Society of Civil Engineers, which regularly issues infrastructure report cards. The engineers’ estimate of how much it will cost to raise the grade from poor to acceptable is $2.2-trillion over a five-year period. Such a vast amount of money is unlikely to be available over the next decade.
When the American Recovery and Reinvestment Act, commonly known as the stimulus bill, was passed in 2009, the word “infrastructure” was frequently invoked. Since then, prominent signs have gone up proclaiming that paving and other highway projects owe their very existence to stimulus money. However, less than $100-billion of the $787-billion total has in fact gone toward infrastructure construction projects.
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