Summary of Financing U.S. Transportation Infrastructure in the 21st Century

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Financing U.S. Transportation  Infrastructure in the 21st Century summary
America’s decaying transportation infrastructure is holding back its economy, but solutions – both short- and long-term – exist.

Rating

9 Overall

9 Importance

9 Innovation

8 Style

Recommendation

The United States’ decaying transportation system suffers from political deadlocks, decreased investment, and inefficient local, state and federal funding. These impediments are blocking opportunities to create jobs and improve the US economy’s competitiveness. This accessible, detailed report from Roger C. Altman, Aaron Klein and Alan B. Krueger offers practical solutions to America’s transport issues. The authors know of what they speak, as they apply their combined years of distinguished government service to the problem. getAbstract recommends their work to anyone who travels America’s roads, bridges, ports, railways, subways and buses.

In this summary, you will learn

  • How America’s transportation infrastructure is lacking
  • What short-term solutions could begin to address the system’s problems
  • What types of long-term initiatives could revive investment, provide jobs and restore US competitiveness
 

Summary

The United States’ transportation system is disintegrating: A 2013 engineers’ report labeled 25% of America’s bridges “functionally obsolete or structurally deficient.” Another study found that more than 27% of cities’ major streets are “substandard,” costing individual drivers an average of $377 more...
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About the Authors

Roger C. Altman is founder and executive chairman of Evercore Partners, an independent investment banking firm. Aaron Klein is director of the Financial Regulatory Reform Institute at the Bipartisan Policy Center. Alan B. Krueger is the Bendheim Professor of Economics and Public Affairs at Princeton University.


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