Congressional Budget Office

Goldberg: The fallacy of 'crumbling' American infrastructure

Goldberg: The fallacy of 'crumbling' American infrastructure

It's Infrastructure Week (again), and who among us can contain his excitement?

The president, for one.

According to reports, President Donald Trump wanted to announce the biggest investment in public works since President Eisenhower unveiled the interstate highway system. But in the wake of tax cuts, the real deficit was too big to close what Mr. Trump calls "the infrastructure deficit." So he had to settle for a plan that would spend $200 billion in federal taxpayer money over the next decade and lay the rest of the $1.5 trillion on state and local taxpayers.

It almost surely won't fly. Many states are as broke as the federal government — and they can't...

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