Portside

Public-private partnerships may indeed provide the dollars that fearful politicians are unable to pry from the pockets of their tax-averse constituents. But P3s, as they are known in the infrastructure sector, are more complex than they appear. The idea that P3s allow infrastructure to be built for free is economic snake oil, P3s do not end up saving taxpayers money, especially when policymakers obscure the true costs and the risks.

The crisis at Oroville Dam should be a wake-up call to take these warnings seriously, though it’s hardly the first.

The problem with Flint, and the problem with many water delivery systems throughout the United States, is that lead pipes are time bombs.

Promises that a free lunch can be had by relying heavily on private investors for infrastructure should be viewed skeptically. Tax credits dangled to entice private financiers and developers to provide infrastructure provide no compelling efficiency gains and mostly just open up possibilities for corruption and crony capitalism.

Four out of every five - or more - have said the government makes them feel either angry or frustrated. These frustrated Americans may not fully realize it, but there's a strong case for more government - not less - as the most promising way to improve the nation's standard of living. The American government pretty much stopped growing when the civil rights movement forced whites to share public space with African Americans, then Latinos, Asians and Native Americans.

This isn’t simply about a short-term budget fight. This is about whether we have a president and an electorate united in moving forward a sane economic platform that will strengthen the American economy in the uncertain years ahead, or if we will allow the ideologues and big-money interests to succeed in taking the wheels of the American economy and driving us all off a cliff.

Former CA Governor Schwarzenegger once called it “stuff [I] used to blow up in the movies.” America’s infrastructure—highways, railways, bridges and thruways—now face a doom worse than the Terminator ever imagined: destruction from the rust, decay and corrosion of trillions of dollars worth of old tracks, canals, ports, structures and causeways that carry our trade and traffic all over the United States. Every $1 billion of federal investment creates about 13,000 jobs.

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If the top one percent were taxed at the same rate as the middle 20 percent, states and localities would raise $68 billion per year. Similarly, if the top 20 percent paid the same as the middle 20 percent, states and localities would generate $128 billion each year.