Infrastructure Spending

It turns out becoming a wealthy country is difficult. A massive blackout has hit India.

Eight states, with a total population of around 369 million people—equal to that of the U.S. and the U.K. combined—were hit by the power outage, which was caused by a failure of the Northern Grid—the network supplying electricity—early Monday morning. By Monday evening power had been restored to affected areas, officials said.

Residents of Washington, who this summer suffered through massive outages will commiserate. I would suggest that infrastructure spending is not the proper place for “austerity” and that now would be a good time to invest in keeping our country developed.

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