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8/17/11

US Economy: Crumbling Infrastructure Symbolizes U.S. Economy - by Jeff Nielson

Like most people, I was already aware that the infrastructure of the United States was rapidly decaying. However, seeing some hard numbers actually quantifying the severity of this problem was nothing less than shocking.

Remember all of that "infrastructure spending" which was (supposedly) part of the stimulus package, which in turn supposedly led to a "U.S. economic recovery"? It never happened. Just like the supposed "recovery" itself, it was nothing but smoke and mirrors. No recovery, no investment in infrastructure. Only the debts from all that "stimulus" were real.

In fact, while the U.S. government was pretending to be attending to its neglected infrastructure, the U.S.'s global ranking for the quality of its infrastructure was plummeting lower. A Reuters article reveals that in a mere four years (from 2007 to 2011) the U.S.'s ranking fell from 6 to 16.

Crumbling Infrastructure Symbolizes U.S. Economy - TheStreet

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