Every four years, the American Society of Civil Engineers publishes a report assessing the quality of the nation’s infrastructure, i.e., roads, bridges, rail, ports and waterways, air, and other basic foundations of our society. The report just published gave that infrastructure a D+, which is up all the way from the D- mark from four years ago, but still pretty close to flunking even minimally accepted standards.
President Trump’s initiative to restore the infrastructure to a functional status is needed, but it will be expensive, estimated by the ASCE to be $2 trillion. The President has floated a target of $1 trillion over the next several years. Lots of questions about the timing of proposed projects and how and who will pay for those projects. We need to pay attention.