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Will "The Great Regression" Continue?

There was an interesting guest blog yesterday on CNBC yesterday about the compelling need for infrastructure investment. “America is in the midst of physical decline. Decades of infrastructure neglect are eroding centuries of economic progress. Call it: The Great Regression.” So states award-winning journalist and author Dan McNichol in the post, titled The Great Regression of America’s Infrastructure.

McNichol notes that we now invest half of what we use to when President Eisenhower was in power and our standing in the world of infrastructure has declined from a rank of six to a rank of sixteenth. Overall, he notes, “South Korea has eclipsed us, Malaysia’s roads are better than ours. Maintenance of our structures and systems is being put off to the point of criminality.”

The answer? To just do it. As McNichol notes: “We have what it takes: wealth, natural resources and brilliant minds with readied answers. If the rebuilding begins we rise above the crisis. If not, the Great Regression continues along with the demise of our infrastructure.”

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