America’s Infrastructure Is Not Crumbling

One of the most enduring political narratives of the past four years is that Democrats and Republicans agree on the need to spend more on  the nation’s infrastructure. The COVID-19 crisis has intensified this ethos, as President Donald Trump called for a package of up to $2 trillion, while House Democrats just raised a $1.5 trillion gambit of their own. Senate Republicans have so far been skeptical of both approaches. They should be. Spending vastly more on infrastructure, even as a recovery mechanism, will likely not be good for taxpayers or the country as a whole. Much of America’s infrastructure is in decent shape, spending a lot on it won’t necessarily cure economic problems and regulatory reform, not money, will go furthest in fixing the most important problems.

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