America in Ruins: The Decaying Infrastructure

America's public facilities are wearing out faster than they are being replaced. Under the exigencies of tight budgets and inflation, the maintenance of public facilities essential to national economic renewal has been deferred. Replacement of obsolescent public works has been postponed. New construction has been cancelled.
The deteriorated condition of basic facilities that underpin the economy will prove a bottleneck to national economic renewal during this decade unless we can find ways to finance public works.