The White House has announced what it calls a historic bipartisan infrastructure deal that would cost about $1.2 trillion. About 27 percent of the money goes to what is generally thought of as infrastructure: roads, bridges, railroads, the electric grid, and water and wastewater systems. $65 billion, or about 6 percent of the total, is for broadband. The remaining 65 percent is apparently for green energy, public transit, electric vehicles and charging stations, environmental remediation, etc.

Read Dr. Jamison’s complete blog post at AEI.