infrastructure

Government Infrastructure Is Inefficient Everywhere

An op-ed in the Wall Street Journal today indicates that Edwards’ Law of Cost Overruns is an international standard. If a politician says that a project will cost $100 million, it will end up costing $200 million or more.

New York Times Op-ed on Infrastructure

My op-ed in today’s New York Times has prompted numerous critical comments on theNYT website. Let me address some of them.

Another Cost Overrun on Government Infrastructure

From the Wall Street Journal, here’s the latest evidence on quality and efficiency in government infrastructure spending

Encouraging Private Infrastructure Investment

The importance of infrastructure investment for U.S. economic growth is widely appreciated. But policy discussions often get sidetracked by a debate regarding the level of federal spending. To spur growth, it is more important to ensure that investment is as efficient as possible and that investment responsibilities are optimally allocated between the federal government, the states, and the private sector.

Infrastructure Is Not the Problem

The sudden collapse of a 58-year-old bridge across the Skagit River in Washington state has led to renewed calls to spend more money on American infrastructure. But if that spending comes out of tax dollars rather than user fees and is dedicated to replacing bridges, it will be seriously misplaced.

The Realities of Government Infrastructure

Politicians and liberal economists get misty-eyed when thinking about grand infrastructure projects. But recent stories in the Washington Post about D.C.-area projects illustrate the realities of government capital investments.

Crumbling Infrastructure?

Transportation Secretary Ray LaHood recently said that “America is one big pothole.” President Obama, members of Congress, and pundits often claim that our infrastructure is “crumbling.” The Senate Budget Committee’s new spending plan, for example, uses that word no fewer than ten times in calling for a $100 billion infrastructure package. And in a report released yesterday, the American Society of Civil Engineers gives the nation a grade of D+ on its infrastructure.

Get the Feds Out of Infrastructure

The federal government’s budget deficits are pushing the nation toward a fiscal meltdown, yet our leaders can’t seem to curb their zeal for infrastructure spending. President Obama has been pushing a $50 billion package for infrastructure and will likely include a similar plan in his upcoming budget. For their part, most Republicans eagerly pursue all the spending they can get for road, rail, airport, and dam projects in their districts.

Infrastructure Investment: A State, Local, and Private Responsibility

Cato has released a new study on infrastructure spending. The study discusses how federal involvement in infrastructure has many serious disadvantages, and few, if any, advantages.

Reporters Should Think Big on Budget Reforms

The Washington Post did a great job last week comparing spending earmarks by members of Congress with the locations of property they own in their states. Some members are apparently using our tax dollars to expand infrastructure near their homes and businesses, thus gaining a personal benefit from federal spending.

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