Infrastructurist has a quick summary of reactions to the Obama administration’s proposed National Infrastructure Bank. (The reactions are mostly positive, from sources as diverse as the Wall Street Journal and The New Republic.) Of course, enthusiasm for the proposal — which, as far as I can tell, is an excellent idea — should be grounded in an awareness of the massive gap between the relatively small pool of money proposed for the bank — $50 billion — and the enormous sea of money — $2.2 trillion over the next five years — that would be required to actually restore our chronically underfunded infrastructures to good condition. (And, if I read the Infrastructure Report Card correctly, that’s just restoration, not building new infrastructures to under gird a competitive economy for the coming decades.)
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- rholmes: Thanks for your comments, all. Brian: I look forward to your further thoughts on my first two points. Where...
- Michael: A little late to the party but here nonetheless. Needless to say I’m quite sympathetic to the pursuit...
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- Julian Raxworthy: Interesting discussion Rob, and great to be referred to and introduced to your blog. Reading this...
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