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Economic and Community Development

Invest Now?

Ian Scott on Monday, October 4, 2010 at 11:00:08 am

If government was run like a business, it would take advantage of the current economic climate and invest in infrastructure.  That is Washington Post columnist Ezra Klein’s argument in the cover story for the Sunday business section. 

His case for immediate investment is that crumbling roads, bridges, schools, sewers and an antiquated air traffic control system are economic problems and the labor, material and capital need to fix those problems will never come cheaper. 

 Klein anticipated my first question (and probably yours) and addressed it thusly:

 “But what about the debt, you might ask? Well, what about it? Delaying a dollar of needed infrastructure repairs is no different than racking up a dollar of debt.”

 The article is an important addition to America’s interrelated dialogs about economic competitiveness and public debt.  It is worth a read.

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