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Infrastructure

Water Investment Surge May Hurt City Credits, Mayors Say

A new U.S. Conference of Mayors report shows that local governments have spent big on water and wastewater infrastructure, but worries that rising costs of water service and increased long-term debt might make increased investment unsustainable for some communities.

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Comments (1)
So if the Feds kick in money for local infrastructure development, where do the Feds get the money from? Oh! the magical money printing machine!

Maybe the price of the product/service SHOULD go up so that demand can adjust to a proper price signal rather than the Feds repeatedly stepping in and distorting the market.

Instead of throwing more money at the problem, maybe we should figure out how to be more efficient with our water (http://chartsbin.com/view/1455). Let the price float up according to its true cost and the remarkable innovation we seem to be blessed with in this country drive the price back down.
Posted by tkirby | Thursday, May 09 2013 at 4:19PM ET
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