Sunday, February 8, 2009

Why Shovel-Ready Infrastructure is Wrong (Right Now)

The term "shovel-ready"—as in, infrastructure projects that are ready or almost ready to begin—has become a favorite of policy makers in recent weeks. As the Senate gets ready to vote on a stimulus bill, it looks like the idea has stuck: The latest bill gives only projects that are able to start construction within 90 days eligibility for funding from the $90 billion set aside for infrastructure. Here is why the shovel-ready mandate could make the infrastructure crisis worse.

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