Public policy brief // Jerome Levy Economics Institute of Bard College 16
The author presents a long-term public investment proposal to preserve and upgrade the nation's infrastructure system, offering a unique financing plan to eliminate much of the backlog of deferred maintenance that plagues America's roads and bridges. The plan would allow states and municipalities to get out from under this burden with a one-time upgrading program, and then attain a new capacity to maintain and improve their infrastructure networks. Regan concludes that the goal of long-term investing is to make possible sustained growth, improved productivity, and a strengthened private sector for the next generation. A program to upgrade the nation's infrastructure base could help the United States achieve this goal.