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Renewing America

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It’s the Perfect Time to Fix Our Roads and Bridges

by Renewing America Staff
March 28, 2013

With low borrowing costs and elevated unemployment, Washington should seize the moment to invest in fixing the nation’s decaying infrastructure, writes CFR Adjunct Senior Fellow Peter Orszag.

“First, we need to couple immediate federal spending on public assets with substantial, credible deficit-reduction measures that are scheduled to take effect later on. Such a ‘barbell’ approach to fiscal policy would require that Republicans acknowledge the value of additional stimulus while the unemployment rate is high, and that Democrats see how Medicare, Medicaid and Social Security could be preserved and strengthened through certain cost-saving measures over time,” he says.

Read the full Bloomberg article here.

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