Regarding the Dec. 6 letter “ Decades of debt”: Perspective is important. After World War II, U.S. debt reached 116 percent of GDP in 1945 and dropped to 113 percent in 1946. Then we approved the Marshall Plan to rebuild Europe and the G.I. Bill to invest in education followed by the interstate highway legislation.
We are now at roughly 102 percent of GDP. A bit higher than I’d like it to be but not the gloomy doomsday position some would have us believe, but we do need Congress to set priorities and act.
I’d argue we need to invest in our future: Transportation infrastructure of all kinds typically yields a return greater than the investment by stimulating job creation short-term and gaining efficiencies in moving goods and people in the long run. Both would serve to grow our economy.
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