Boosting federal investment in infrastructure has never had so many enthusiasts. During the presidential campaign, it was the rare chorus that Donald Trump, Hillary Clinton and Bernie Sanders could all join in singing.
House Democratic leader Nancy Pelosi says she’s eager to work with Trump on it. Her GOP counterpart, Kevin McCarthy, expects Republicans to cooperate with their president.
But such investments don’t always work out the way they’re supposed to. Pouring funds into highways, bridges, airports, dams and other projects is easy. Spending money wisely is hard. What beckons on the horizon, as Obama discovered after getting his $840 billion stimulus in 2009, often turns out to be a mirage. Steve Chapman explains more