The growing national debt and budget deficits that hamper federal spending "suggest a continued shift to using financing mechanisms and to leveraging federal resources" for infrastructure and transportation investment, write Emil Frankel, a visiting scholar at the Bipartisan Policy Center and Aaron Klein, director of the Financial Regulatory Reform Initiative at the Bipartisan Policy Center. Five principles should apply in evaluating the policy shift away from federal funding of infrastructure projects to federal financing. As the shift occurs, "we have the chance and the need to structure a new set of incentives to guide our tax dollars so that they are invested wisely," they note.

Full Story:

Related Summaries