Monday, February 11, 2013

Get the Feds Out of Infrastructure | Cato Institute

Get the Feds Out of Infrastructure | Cato Institute: "Consider the two oldest federal infrastructure agencies — the Army Corps of Engineers and the Bureau of Reclamation. Their spending, often on water infrastructure, has always been based on pork-barrel politics, not “directed to the most effective” projects. Both agencies have been known for fudging their analyses of dubious proposed projects to gain approval. In his 1971 book on the Corps, distinguished engineer Arthur Morgan found that “there have been over the past 100 years consistent and disastrous failures by the Corps in public works areas … result[ing] in enormous and unnecessary costs to ecology [and] the taxpayer.”"

"Routes through rural areas account for only a small fraction of riders and cause most of Amtrak’s financial losses. Those routes exist because every lawmaker wants a train through his or her state, but it means that investment gets steered away from where it is really needed, such as the Northeast corridor."


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