Jeff Hill and Norman F. Anderson | CNBC
(Editor’s note: Opinion pieces are published for discussions purposes only.)
America’s infrastructure has suffered from sustained, chronic underinvestment for more than 30 years. We are only now beginning to realize how much this has cost the economy, particularly in jobs.
Analysts estimate that modernizing, repairing and expanding our airports, bridges, electric grid, highways, mass transit, ports, and water and sewer systems to meet current and future needs will require an additional $1.5 trillion to $5 trillion in spending over the next 10 to 20 years.