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About that Bridge to the 21 st Century . . .

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About that Bridge to the 21 st Century. The Wealth of the Nation. *Inadequate market provision *A premium on public ownership. The Rationale for Public Investment. Household benefits Productivity Business profits Business investment Regional development. - PowerPoint PPT Presentation

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Page 1: About that Bridge to the 21 st Century .

About that Bridgeto the 21st

Century . . .

Page 2: About that Bridge to the 21 st Century .

The Wealth of the Nation

Page 3: About that Bridge to the 21 st Century .

The Rationale forPublic Investment

* Inadequate market provision

* A premium on public ownership

Page 4: About that Bridge to the 21 st Century .

The Benefits ofPublic Investment

Household benefitsProductivity Business profitsBusiness investmentRegional development

Page 5: About that Bridge to the 21 st Century .

The Decline ofU.S. Public Investment

Public capital stocks grew through the 70s

The public investment share of GDP declined after 1980

Page 6: About that Bridge to the 21 st Century .
Page 7: About that Bridge to the 21 st Century .
Page 8: About that Bridge to the 21 st Century .
Page 9: About that Bridge to the 21 st Century .

Public Investment PrioritiesEarly Childhood Development, Education

Sustainable Energy

Global Warming

National Security

Environmental Quality

Health Care

Saving New Orleans & the Gulf Coast

Etc.

Page 10: About that Bridge to the 21 st Century .

Can we afford more public investment?

Currently Federal non-defense investment outlays are $246 billion in a $2,784 billion

Federal Budget

The role of private investment in economic growth is grossly overblown

Investment is saving


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