Do you agree with this Cornell professor? "A prudent investment is one whose future returns exceed its costs — including interest cost if the money is borrowed. Opportunities meeting that standard abound in the infrastructure domain. According to the American Society of Civil Engineers, the nation has a backlog of some $3.6 trillion in overdue infrastructure maintenance. No one in Congress seriously proposes that we just abandon our crumbling roads and bridges, and everyone agrees that the repair cost will grow sharply the longer we wait." nytimes/2013/07/07/business/austerity-wont-work-if-the-roof-is-leaking.html
Posted on: Mon, 08 Jul 2013 13:45:20 +0000
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