The article reports:
One of Obama’s advisers at that time, former OMB director Peter Orszag, warns that the nation’s infrastructure is ready to crumble unless we start spending big money to rescue it — and now, apparently, is the “perfect time” to start borrowing heavily to do it:
Mr. Orszag suggests that we issue $250 billion in bonds to pay for the repairs. The article goes on to say that the American Society of Civil Engineers (ACSE) has given the condition of America‘s infrastructure a grade of D. These are the same people who will repair these roads if the additional spending passes. Do you think there might be some self-interest here?
The article concludes:
John Boehner has a proposal for Democrats who want to talk infrastructure spending. He’s willing to increase the allocations for that purpose, but only if the money comes from a specific new source of revenue:
As Congress continues to hunt for ever-elusive money to rebuild roads, bridges and transit systems, House Republicans are likely once again to turn to black gold.
In the tax-averse and conservative-heavy conference, transportation interest groups’ ideas about raising the gasoline tax or looking at distance-based fees are a tough sell. But expanding oil and gas drilling and using those revenues for infrastructure improvements represent what Speaker John Boehner has called a “natural link.”
That’s one way to test whether Democrats are serious about infrastructure repair, or are looking only to create more pork-barrel projects for people back home — as the ARRA “Porkulus” did in 2009 and 2010.
It should be an interesting debate.