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InsideSources Op-ed: Point: More Private Investment Can Help Us Tackle Our Nation’s Growing Infrastructure Deficit
America’s infrastructure is aging and in dire need of modernization. The American Society of Civil Engineers, in its latest Infrastructure Report Card, graded the condition of our nation’s infrastructure as a D-plus overall. The report also estimated that government needs to invest $2 trillion over current spending levels for the next 10 years to modernize the system.
These challenges are significant, but they are not insurmountable. It’s promising that the Trump administration has been vocal about the need to rebuild and vastly improve our infrastructure, and Congress has also indicated its willingness to get to work on solutions. Without a doubt, it’s time for our leaders in Washington to take charge and tackle the problem with stable funding and a long-term plan.
For years, the U.S. Chamber of Commerce has supported meaningful action to reinforce our once-unequalled infrastructure, and we’ve continued to offer a slate of potential solutions to prove it. Now comes the tough part: In order to turn ideas into action, America needs to make a significant commitment and investment. So how do we pay for it?