The stimulus funds helped stave off a potentially huge recession, but more cash is needed to prevent a second dip and to shore up America's crumbling infrastructure, writes Robert Frank, an economics professor at the Johnson Graduate School of Management at Cornell University. Spending now would increase the short-run deficit, but it would put a generation of children on the path to higher lifetime earnings, and thus to higher lifetime tax payments, Frank argues. "Timely investments in infrastructure may be the most powerful debt-reduction strategy of all," he notes.

Related Summaries