Friday, June 13, 2014

Not Investing in Roads and Bridges

From the New York Times yesterday - Complete Recovery Looks Distant With Growth Lingering at a Weak 2%:

"Government spending and public investment has fallen by almost 8 percent, the largest decline in more than half a century.  Corporate investment has also been lackluster."

Growth may continue to fall short unless the federal government increases spending on things like deteriorating roads and bridges -- and on the development of new technologies.

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