Transcript About that Bridge to the 21st Century . . .

About that Bridge
st
to the 21 Century . . .
The Wealth of the Nation
The Rationale for
Public Investment
* Inadequate market provision
* A premium on public ownership
The Benefits of
Public Investment
Household benefits
Productivity
Business profits
Business investment
Regional development
The Decline of
U.S. Public Investment
Public capital stocks grew through the 70s
The public investment share of GDP
declined after 1980
Public Investment Priorities
Early Childhood Development, Education
Sustainable Energy
Global Warming
National Security
Environmental Quality
Health Care
Saving New Orleans & the Gulf Coast
Etc.
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