The case for infrastructure spending

Suppose your house needs a new roof, and the interest rate on the loan you require to get the work done is extraordinarily low -- but expected to rise in the future. In addition, construction work has been slow in the area, meaning labor and other costs are at bargain rates for the time being. Should you get the work done now or wait until later when it might cost quite a bit more? That's the situation the U.S. now faces over infrastructure spending. The nation has considerable needs for bolstering its infrastructure, interest rates remain ultralow but are expected to rise in the future, and the costs for labor and raw materials are below normal due to the slow recovery from the Great Recession but are likely to increase over time.--More...