Wednesday, February 23, 2011

U.S. Infrastructure Deals In Brazil

America's commercial infrastructure is in a sorry state.  This nation's bridges, railway overpasses, dams, locks, ports, and various other skeletal appendages are in dire need of repair and retrofit.  This is a legitimate place for governments at all levels to spend stimulus money because it supports aggregate use of a public commons that benefits everyone.  Just when we have a great reason to spend money here at home, we find a way to spend it abroad:

U.S. President Barack Obama plans to offer new financing for joint infrastructure projects between U.S. and Brazilian companies when he visits Brazil next month, sources with knowledge of the situation told Reuters.

The Administration has a stated goal of doubling U.S. exports in five years (really closer to four now as this idea was launched last year).  Washington can do the right thing if it follows through on a plan to spend half a trillion dollars on infrastructure here at home.  Promoting trade is ususally worthwhile, but goods will never get from here to there if we spend money on foreign infrastructure before rebuilding our own first.