Category

U.S. infrastructure

Washington

Wasteful Government Spending: Walls That Melt in the Rain, Catfish Inspectors, and More

With a national debt of $18.4 trillion, you'd think that tracking down and eliminating wasteful government spending would be more of a U.S. priority.

In the tradition of retired Sen. Tom Coburn, two lawmakers, Rep. Steve Russell, R-OK, and Sen. John McCain, R-AZ, are now publishing examples of government waste.

Here are 11 hard-to-stomach instances of wasteful government spending...

Stocks

An Infrastructure Play for the Ages

To try and offer some perspective between the demand for public works projects in ancient times and for infrastructure projects of today, I set out to see if there was any way of creating a cost comparison.

It's not a simple exercise. But it is kind of a fun one.

Let me demonstrate...

Trend Watch

U.S. Infrastructure Problems Told in 10 Scary Numbers

By 2020, 420 million people are projected to be using the country's roads, water projects, public hospitals, and other groundwork – that hasn't been updated in about 50 years.

U.S. infrastructure problems are at a dangerous place, and nothing's being done. The U.S. spends only 2.6% per year on average on infrastructure relative to GDP. By comparison, China spends 8.5%, Japan spends 5%, and India spends 4.7%.

"Our infrastructure is on life support right now. You could go to any major city in America and see roads and bridges and infrastructure that need to be fixed today," former secretary of transportation Ray LaHood said.

Take a look at these scary numbers that show the sorry state of U.S. infrastructure...

Top News

U.S. Infrastructure Problems Told in 10 Scary Numbers

If you need proof the United States is a dangerous place to live – crime aside – just take a look at the massive scope of U.S. infrastructure problems.

Once hailed as having the finest infrastructure in the world, the United States has slipped to No. 16. Public spending has shrunk to its lowest level since 1947.

Here's a look at the sorry state America's infrastructure has slipped into, illustrated by 10 scary numbers.