Commentary
Powerful lobbyists and inertia led to Russia’s coal-mining sector missing an excellent opportunity to solve its structural problems.
Alexey Gusev
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Source: Getty
In The Media
What's Lost in the House Budget Cuts
While there are many legitimate disagreements regarding how to cut the U.S. deficit, deep cuts to the national infrastructure is more likely to hurt the country's long-term economic growth.
By Bill Bradley, Tom Ridge, David Walker
Published on Feb 27, 2011
Source: Washington Post
This does not mean that improvements shouldn't be made. At present 80 percent of federal transportation funds are distributed by formula - with no competition and no performance requirements. That must stop. We must make every dollar contribute to transportation performance. All transportation spending should be consolidated into a unified transportation trust fund subject to rigorous, independent cost-benefit analysis.
A better transportation system will enhance our economic and national security and will rebuild public trust in public investments. Many new members of Congress are rightly furious about wasteful spending. By squeezing every ounce of investment gain from our infrastructure dollar we can create a transportation program that both deficit hawks and program reform leaders can get behind.
The authors are the co-chairs of the Leadership Initiative on Transportation Solvency, an initiative created by the Carnegie Endowment for International Peace to develop a non-partisan solution funding a better transportation system in the United States.
About the Authors
Bill Bradley
Tom Ridge
David Walker
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
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