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 WHO has confirmed that two people traveled from Guiena by public transportation to Kayes, a city in western Mali on the Senegal River.
Every week we hear updates on the number of infected and dead caused by Ebola but individual numbers aren't the whole story. The WHO projects millions of cases in Africa by next year!
A new Ebola case in the U.S. is reportedly linked to a Doctors Without Border medic who self-reported very early symptoms and was immediately placed in isolation at Bellevue Hospital in New York City.
A second storm will roll in Friday night into Saturday. The storm this weekend could bring locally strong wind gusts on the coast.
Hard Money Lenders make all kinds of loans, particularly high on the list are property loans, commercial business loans , loans to investors seeking to purchase and flip houses and businesses, with sufficient equity.
New issue of The Hollywood Sentinel features a tribute to Robin Williams, Joan Rivers, Lauren Bacall, coverage of the Moira Cue Art Show at Bruce Lurie Gallery, Andy Warhol's Shadows show at MOCA, How to Succeed in Hollywood

 

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