There is no doubt that enormous investments are required in public infrastructure. The deferred maintenance over decades to save dollars in the short term has resulted in a monstrous backlog of public needs that are at the breaking point. Such short-term, politically expedient thinking moved or reduced the fiscal deficit, one government after another, while creating an enormous infrastructure deficit in aging and unsafe bridges, dams, roads, water treatment plants, and lagging, inconvenient, and antiquated public transit.
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