Skip to Content
Streetsblog USA home
Streetsblog USA home
Log In
Paul Krugman

Nobelist Krugman Joins Call for Federal Transportation Spending

ts_krugman_190.jpgFor decades, groups like Build for America have made a strong case that transportation spending has to increase. They have rightly warned that the U.S. transportation network is falling apart, with bridges failing and transit systems lagging behind international competitors. But wars, tax cuts and social priorities have stymied increased investment.

Now, as the country teeters on the edge of a dire recession, increased transportation spending is starting to look like a core building block in a federal stimulus package that would, ideally, bring about job creation, increased international competitiveness and improved environmental sustainability. Today, Nobel Prize winning economist and New York Times columnist Paul Krugman helped make the case, using the kind of "fix it first" and pro-transit examples promoted by Build for America at Wednesday's press conference.

And this is also a good time to engage in some serious infrastructure spending, which the country badly needs in any case. The usual argument against public works as economic stimulus is that they take too long: by the time you get around to repairing that bridge and upgrading that rail line, the slump is over and the stimulus isn’t needed. Well, that argument has no force now, since the chances that this slump will be over anytime soon are virtually nil. So let’s get those projects rolling.

Photo: Fred R. Conrad/The New York Times

Stay in touch

Sign up for our free newsletter

More from Streetsblog USA

Should Wednesday’s Headlines 86 SUVs?

American tax law encourages people to buy the gas-guzzling and deadly vehicles, but some in Canada are pushing to ban them.

April 24, 2024

Brightline West Breaks Ground on Vegas to SoCal High-Speed Rail

Brightline West will be a 218-mile 186-mile-per-hour rail line from Vegas to Rancho Cucamonga — about 40 miles east of downtown L.A. — expected to open in 2028.

April 23, 2024

Tuesday’s Headlines Fix It First

How voters incentivize politicians to ignore infrastructure upkeep. Plus, are hydrogen trains the future of rail or a shiny distraction?

April 23, 2024

Why We Can’t End Violence on Transit With More Police

Are more cops the answer to violence against transit workers, or is it only driving societal tensions that make attacks more frequent?

April 23, 2024
See all posts