The state fiscal relief and the extension of unemployment benefits Congress passed this summer were steps in the right direction. These are the most effective and efficient ways to boost output in this kind of recession.
Congress should also consider—and pass—President Obama’s proposal to increase infrastructure spending by $50 billion to invest in roads, rails, and runways. Our underinvestment in infrastructure threatens our economic competitiveness because every US business relies on our outdated transportation networks and electricity grids. Making long-term investments now that will boost job creation in the years to come is smart policy.
The above excerpt was originally published in The Christian Science Monitor.
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