WSJ: National infrastructure bank makes economic sense

09/15/2010 | Wall Street Journal, The

A national infrastructure bank would serve to make federal infrastructure investment a question of national economics rather than local politics, according to a Wall Street Journal editorial. The bank would also help pair private capital with public funds. With the cost of bringing the country's infrastructure up to date now exceeding $2 trillion, according to the American Society of Civil Engineers, the bank could raise billions through bonds and self-financing mechanisms to help bridge the gap.

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