A federal infrastructure package would probably cater to lobbyist demands, not market demands, and would likely include billions of dollars for transit, even though the ridership outlook is grim. As for the states, they should proceed with caution because the crisis will shake up many economic relationships, including infrastructure use.
In the current crisis, we are seeing some brilliant efforts at the nation’s hospitals, medical research facilities, businesses, and other institutions that will no doubt get us through one of the largest disasters ever.
Under the Trump budget, U.S. federal spending would fall from 21.6 percent of GDP this year to 18.4 percent in 2030. The spending reductions would be a good start, but even larger reforms are possible and desirable
American government has become much larger and more centralized over the past century. That has created winner and loser states as taxpayer cash floods into Washington and is then dispersed through more than 2,300 federal spending programs.