Friday, November 21, 2008

Infrastructure Investment

While agreeing in principle with this editorial in the Sacramento Bee—that an investment in the nation’s infrastructure is wise in a time of economic turmoil—the specifics should focus on what is really needed; road and freeway enhancements, more bridges, nuclear power plants, new and enhanced dams for water storage, flood protection, and hydroelectric power; all of which would probably be much better investments for the long-term economic benefit of our nation than most of those mentioned in the editorial.

An excerpt.

“All across the country, bridges, sewage treatment systems, roads, schools and flood-control levees are in sorry shape. Some are literally crumbling, posing threats to life and property.

“If Congress were to invest quickly in an array of projects, with an emphasis on public safety and environmental protection, it would provide a lasting legacy. It would also create tens of thousands of jobs while helping some cities and states deal with their own budget troubles.

“Consider, for instance, the nationwide problem of sewage overflows. Many older cities, such as Sacramento, have combined sewer-stormwater systems that overflow during big storms, dumping untreated waste into rivers and drinking-water reservoirs.

“According to the U.S. Environmental Protection Agency, at least $202 billion is needed to prevent sewer overflows at some 16,000 wastewater treatment plants across the country. While Congress can't invest that kind of money immediately, it could make a downpayment on a health threat that grows bigger every year.

“Also consider the nation's rail and bus systems. According to the American Public Transit Association, $4.6 billion worth of transit projects are ready to begin construction today nationwide. Investing in transit will pay off in cleaner air, while providing jobs for laid-off manufacturing and construction workers.”