“Infrastructure can still be a priority in tight fiscal times. It was for the United Kingdom in 2010: when the Conservative government enacted painful austerity measures that cut 20 percent of government agencies’ funding, it also committed the country to a $320 billion, five-year national infrastructure plan. Today’s favorable environment of low long-term interest rates and depressed construction costs will not last indefinitely. Stronger U.S. economic growth in the future will depend heavily on the decisions made today.”
Edward Alden, Senior Fellow and Renewing America Director, Council on Foreign Relations in his report Road to Nowhere: Federal Transportation Infrastructure Policy