Republicans Can Save Trillions While Approving Infrastructure Package
By: Philip K. Howard
President Biden’s breathtaking $5 trillion infrastructure agenda — about $50,000 in debt for each American family — is stalling on broad skepticism on both the goals and means of spending that money. There’s bipartisan agreement on at least some of the goals: Spending $1.2 trillion to fix roads, build new transmission lines, expand broadband, and provide clean water could improve American competitiveness as well as its environmental sustainability.
There’s a deal to be made here: Use this moment to overhaul how Washington spends money. Skeptics are correct that, otherwise, most of the money will go up in smoke. What’s needed is a new set of spending principles, based on the principle of commercial reasonableness, enforced by a nonpartisan National Infrastructure Board.
The key to governing is implementation. Big talk in press conferences rarely results in success. Nor does throwing money at a problem. The chaos in Afghanistan reveals what happens when top-down dictates are not accompanied by a practical plan for executing the goal. But the Biden administration has no plan on how to implement its infrastructure proposals wisely.
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