America needs to spend on infrastructure
Normally blasé New Yorkers seemed stunned at the vulnerability of their railroad, but in that, they should not have felt alone. The combination of antiquated hardware and delayed maintenance is far from uncommon in America’s infrastructure, a Colossus often held together by spit and glue. far from uncommon in America’s infrastructure, a Colossus often held together by spit and glue. Consider the nation’s dams, on average a half- century old. Despite their monumental size, the dams can be weakened by foraging gophers and squirrels, whose holes undermine the foundations. (Source: http://www.nytimes.com/interactive/2010/08/28/weekinreview/20100829nwr-grynbaum.html?hp)
It is a shame that in-spite of such need for infrastructural improvements, huge financial help has been extended to dishonest institutions. Had the same amount been spent on improvement of infrastructure, the money would have reached people and there would have been more purchasing power in the hands of people. The economic growth would ave picked up. But now they can only pray to those institutions to help the economy. Will it save the ship with so many holes.
© Sandeep Bhalla