Overview

This study focuses on the condition of the United State's material infrastructure, which deteriorated sharply in the 1980s. To find what caused the deterioration in the condition of the US public capital stock, the Committee on Public Works and Transportation of the House of Representatives held lengthy hearings in 1990 and 1991 at various locations through the country. This committee had 57 members and was responsible for all types of transportation programs, water resources, etc. Traffic congestion was increasing rapidly, and the country was facing mounting water and wastewater problems. It took more than one year to review the presented testimonies and supporting documents, collate the evidence, and write the Intermodal Surface Transportation Efficiency Act of 1991. It was passed at the end of 1991 and its price tag was $151 billion. This study has examined the 3,000 pages of testimony from those hearings to acquire a sense of the infrastructure conditions, as well as the spirit of the times prevailing then in the US. (Series: Karlsruhe Papers in Economic Policy Research / Karlsruher Beitrage zur wirtschaftspolitischen Forschung - Vol. 32)

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9783832972530

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