Daily News header

American Infrastructure Bank and Fiscal Cliff

Our fiscal cliff discussion is dominated by partisan wrangling, the proper mix of revenue/debt, and raising and lowering taxes. These are all debates we should be having.

However, we must partner to grow. The federal government can turn to financial institutions, community groups, labor unions, and construction firms.

We should also focus on how the federal government can get more bang for its buck.

It is why President Obama included the American Infrastructure Bank in his proposal for handling the fiscal cliff.

We live in a world with dramatic need and few public dollars.

Every governor focuses on this question right now.

Our post-Sandy reconstruction effort, for instance, needs to leverage public dollars to restore our infrastructure and do great ambitious things at the same time. This is a manageable task, but we must prioritize it. Post-Katrina New Orleans had to learn this lesson about partnerships. We should learn from them and their use of partnerships.

Over the last four years, we have made public-private partnerships a federal priority. We can grow and cut by focusing on growth in not only roads, water and energy, but also manufacturing, buildings and real estate.

Public private partnerships cost less across the board and also attract the greatest amount of outside dollars with measurable results.

Michael Likosky JD DPhil (Oxford Law) Director Center on Law & Public Finance Institute for Public Knowledge New York University

Likosky directs the Center on Law & Public Finance at New York University, and is Senior Fellow at the Institute for Public Knowledge. He was previously professor of International Economic Law at the University of London, and has held posts and fellowships at Oxford Law, NYU Law, Fordham Law, Wisconsin Law, and Bonn.

He has written five books on infrastructure, energy, financial crisis and reinvestment, high tech and industrial growth, oil and gas, mining, and political risk: Obama's Bank (Cambridge); Law, Infrastructure and Human Rights (Cambridge); Transnational Legal Processes (Cambridge); Privatizing Development (Martinus Nijhoff); and The Silicon Empire (Ashgate).

  Please leave a comment here     If it does not display within 10 seconds, please refresh the page

* The views of Letter writers do not necessarily reflect the views of NewsBlaze

Related Top Stories News

The 21st Camp Liberty resident has died due to a medical blockade by the Iraqi government and inaction by the United States and the United Nations, despite written representations.
In what could have ended over 300 years of joint government with the south (England/Wales), Scotland's citizens age 16 and older yesterday voted to remain in Great Britain.
Facebook and social media has become a popular way for companies to test the market and launch their products-something that is getting easier and easier these days.
Canton-Plymouth Mettetal Airport manager, Jim Morency, announced a lineup of free activities. It is an opportunity to learn about general aviation, engine and airframe job possibilities
The Brent Shapiro Foundation 9th annual gala. Guests, beautifully dressed and bejeweled, attend to honor the memory of Brent Shapiro who lost his life to drugs.
Donna Kshir, prolific author and child advocate encourages others to take a stand against child abuse, because too many innocent children are being seriously injured and killed.

 

NewsBlaze Writers Of The Month



Popular Stories This Month

newsletter logo

NewsBlaze
Copyright © 2004-2014 NewsBlaze Pty. Ltd.
Use of this website is subject to our Terms of Service and Privacy Policy  | DMCA Notice               Press Room   |    Visit NewsBlaze Mobile Site