West side train yard at Pennsylvania station in New York City in 2014
Biden seeks to address weak infrastructure track record
US faces deep investment hole built over decades, and a lack of skill to address it
Details are soon to be released of a $3tn climate-focused infrastructure bill from the Biden administration which, if passed, would reverse a sustained 40-year failure of America to invest in itself. According to a new report from the American Society of Civil Engineers, the US infrastructure gap—an estimate of the gap between the path of spending and what the economy will ultimately need—has reached $5.6tn. The president himself recently remarked that “if we do not get moving, they [China] are going to eat our lunch.” But America’s long record of neglect presents an additional problem. The last true infrastructure initiative took place immediately after the Second World War. And since that
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