Microcosm of America's Fiscal Problems

Tuesday, 15 March 2016

This piece perfectly illustrates the dilemma.  Roads in town are in horrible shape.  Many need complete overhaul.  Some might get by on more regular maintenance.  But we are doing neither.  Why?  Because local government can't afford to repair the roads.  The point is there is obvious public investment opportunity but it is being thwarted for financial reasons.  This is eight years after the housing bubble burst but, to emphasize the point, note that the Dems only had control of both Houses of Congress for the first two years.  After that, nada. 

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