Musings

Biscuit (Noun) : A person who is willfully ignorant and almost certainly incompetent

Home » Shocking – More Fake News

Shocking – More Fake News

Yesterday I was watching CNBC in the morning and they had some meatball Democrat Senator on there making his pitch for infrastructure and why we need to spend four trillion dollars on it.

Most of it was the usual Democratic talking points. I give him credit – he was able to recite all of them from memory unlike his boss who needs note cards to remember anything.

But then he said something that caught my attention and sent the red flags up in my head. “It’s ridiculous that the wealthiest country on the planet ranks thirteenth in infrastructure spending,” he claimed in the interview.

Needless to say I was suspicious. I figured he’d pulled it out of his ass from somewhere and that it likely needed much more explanation.

I was right.

The #13 ranking comes from a report published in 2019 by the World Economic Forum. This 666 page monster of a report was compiled by this group that is a non-profit data think tank out of Switzerland. If you REALLY want to peruse it yourself, here you go.

http://www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf

Or you can let me do the work for ya and tell you what I found out when I used the time on my hands to read it myself.

It is true that the US ranks 13th in the report in the category of “infrastructure.” There is far more to it of course, as you already suspect.

First, the report on global competitiveness scores a LOT of data. Six Hundred and Sixty-Six pages is taking a lot into consideration. While the US ranks 13th in “infrastructure” it actually finishes 2nd overall in terms of being overall the most competitive. Only Singapore scored higher.

Second, the primary reason that the US infrastructure score was “dragged down” in comparison to a lot of other developed countries is the score that our rail system received (#23). If you think about it, it makes a lot of sense.

The US population is far more spread out than most developed nations, particularly European nations. European nations rely heavily on rail for travel and transportation of human beings. The United States uses rail primarily to ship goods and commodities. They clearly have a more vested interest in rail investment than the US does based on the geographic factors alone.

The United States relies on the interstate system and air transport far more than the other developed countries. How did the report score the US on those two infrastructure items? We ranked #1 overall in both.

Third, different countries are in need of different types of infrastructure. China is spending far more money than we are, but they are building out needed infrastructure that does not currently exist. The United States focuses more money on maintaining existing infrastructure.

If you think about it it makes sense that building a new bridge is going to cost more than say updating the paint on an existing bridge.

I was also amused, but not surprised as I looked deeper into this, that US infrastructure spending began declining when – you guessed it – Democrats took power in 2008. Average US annual infrastructure spending went down $10 Billion dollars a year during the Obama Administration.

Funny, I thought we were getting an ass-ton of “shovel ready” projects when he took over. You have to wonder that if infrastructure spending went down over his presidency just what in the fuck he was doing with the $10,000,000,000,000 he added to the national debt in his eight years. I won’t hold my breath waiting for a Democrat to explain that one to me.

So was our Democratic friend who called out the lunacy of us being ranked only 13th in the world in infrastructure telling us the truth? As it is with most of them I’d rate it at best as “sorta.”

1 thought on “Shocking – More Fake News”

  1. Thomas “Pops” Petty

    A very cogent & thoughtful analysis. Obviously, you’ll never work in government.

    As an aside, the Obama administration did use some of the $10 Trillion to bail out banks, savings & loans &, lest we forget, GM.

    We can’t trust politicians to actually live within their means because they can print the money & pass the debt along to We The People.

Leave a Reply

Your email address will not be published. Required fields are marked *