Anderson Memorial Bridge courtesy Flickr user Scott Dexter under Creative Commons license By Lawrence H. Summers A fiasco has emerged from what should have been a routine maintenance project on the Anderson Memorial Bridge over the Charles River next to my office in Cambridge. Though the bridge took only 11 months to build in 1912, it will take close to five years to repair today at a huge cost in dollars and mass delays. Investigating the reasons behind the bridge blunders have helped to illuminate an aspect of American sclerosis — a gaggle of regulators and veto players, each with the power to block or to delay, and each with their own parochial concerns. All the actors — the historical commission, the contractor, the environmental agencies, the advocacy groups, the state transportation department — are reasonable in their own terms, but the final result is wildly unreasonable. At one level this explains why, despite the overwhelming case for infrastructure investment, there is so much resistance from those who think it will be carried out ineptly. The right response is to advocate for reforms in procurement policies, regulatory policies and government procedures to make the investment process more efficient and effective. This is all clear enough. At another level, though, our story may illustrate phenomena that go way beyond infrastructure. Read the rest on Wonkblog. Chart of the day Federal courts are handing down fewer sentences for trafficking marijuana. Christopher Ingraham has more. Top policy tweets ". @ryangrim and @PaulBlu do a great job documenting how hedge funds buy DC expertise in indirect and dubious ways https://t.co/9dZs3ma5yb" -- @leedrutman "Kansas continues to lag its neighbors in economic activity, and to underperform vs. historical correlations https://t.co/iAOxtD1YUv" -- @JimPethokoukis "Smart @cflav piece on how to avoid carbon-pricing policies that are regressive. (It's not just refunding revenue!) https://t.co/fjuHtxN44K" -- @jeffspross |
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