Meanwhile, The Stunning Collapse Of Infrastructure Spending In One Chart

From Think Progress:

infrachart-11113

After hovering around $300 billion per year from the middle of President George W. Bush’s tenure through 2010, government spending on building things not related to defense fell by about $60 billion in just a few years. The drop is a result of Republicans blocking President Obama’s efforts to invest in infrastructure that the country needs.

[...]

In order to bring America’s infrastructure up to a reasonable level by 2020, Congress needs to be spending about $450 billion per year, according to the American Society of Civil Engineers.

Infrastructure spending levels are tied fairly directly to economic performance. Continued underfunding in this arena over the coming years will cost businesses a trillion dollars in lost sales and cost the economy 3.5 million jobs.

I thought the economy felt kind of abused and malnourished.

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  • muselet

    The drop is a result of Republicans blocking President Obama’s efforts to invest in infrastructure that the country needs.

    But … but … but … the all-wise Free Market—hallowed be its name!—must build and maintain civilian infrastructure! It says so right here on the first page of this annotated Constitution from the Ayn Rand Fan Club!

    Remember this the next time an R claims to love the US.

    –alopecia

    • mrbrink

      Don’t forget, the Keystone Pipeline will give us all the jobs and infrastructure we need to be truly independent of sanity.