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AUG 20, 2013 - Business Insider

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The US Spends Pathetically Little On Infrastructure Compared To The Rest Of The Civilized World

One area where the U.S. has been lacking is infrastructure spending, which is needed for future growth. Many saw the last recession as an opportunity to put Americans back to work by employing them in infrastructure projects , which would've also made the U.S. much more efficient. "Even nations with higher GDP per capita are spending a much greater share of GDP on investment – i.e., Qatar, Hong Kong," wrote J.P. Morgan's Tom Lee. "Even Eurozone countries like Spain, Italy, and France have higher levels of spending, as does Japan at 21.2% of GDP is spending." Lee's definition of fixed ... Read More

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