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Brilliant plan to rebuild the USA
Felix Rohatyn starts this fascinating book, "The nation is falling apart - literally. America's roads and bridges, schools and hospitals, airports and railways, ports and dams, waterlines and air-control systems - the country's entire infrastructure - is rapidly and dangerously deteriorating."Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Levees failed to hold New Orleans' floodwaters, a Minnesota bridge collapsed during rush-hour, three-quarters of America's school building are outdated and inadequate, more than a quarter of its bridges are obsolete or deficient, and half the locks on its waterways are obsolete. The American Society of Civil Engineers estimates that the USA needs to invest $1.6 trillion in the next five years to make America's infrastructure safe.
He shows how large-scale public investments have worked in the past: the Louisiana Purchase; the Erie Canal; the transcontinental railroad, Land Grant colleges and the Homestead Act - all backed by Abraham Lincoln; the Panama Canal; FDR's Rural Electrification Administration and Reconstruction Finance Act; the G.I. Bill; and the interstate highway system.
Rohatyn argues that the USA needs a National Infrastructure Bank to select, finance and manage the needed investments in infrastructure. "America needs to rebuild its infrastructure. It is a critical national priority, a costly long-term investment, and a visionary enterprise. It is a program that can provide tens of millions of much needed jobs. And it is an undertaking that can only succeed if it is directed, coordinated, and largely financed by the federal government."
Posted April 9, 2010
Let's Do Something!
If you are tired of bailouts that only prop up the status quo, do yourself a favor and read this book. You will be inspired by the stories of leaders who made bold decisions and changed the course of this nation. It is a good lesson in realizing that while change doesn't come easy, it can be realized by perservenance. If you know you congressman, buy him or her this book and ask them to GET SOMETHING DONE!Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.