Michael Strain of the American Enterprise Institute looks at the topic of infrastructure spending and I’m left with mixed feelings.
Some of what he writes is very good.
Yes, the claims of an “infrastructure crisis” by President Obama, many liberals…are exaggerated. …yes, existing laws and regulations turn infrastructure projects into boondoggles that take an order of magnitude longer to complete than necessary and cost more than they should.
Amen, particularly with regard to the absurd notion that America is suffering some sort of crisis. The International Institute for Management Development in Switzerland, publisher of the World Competitiveness Yearbook, puts the United States in first place when ranking nations on the quality of infrastructure.
Moreover, the just-released Global Competitiveness Report from the World Economic Forum puts the United States in 12th place for infrastructure, which also is a rather high score (if you want to know where the United States does lag, we’re in 73rd place for wastefulness of government spending, 82nd place for burden of government regulation, and 102nd place for the total tax rate on profits).