A few weeks ago, the term du jour was team of rivals. This week, shovel-ready is the term most frequently on the lips of pols and pundits.
The incoming administration and Congress plan to direct a fire hose of borrowed money at the flames engulfing the economy. Many of those dollars will be directed at the shovel-ready projects ready to break ground and put people on payrolls within weeks.
In an economic emergency, its certainly a good thing to put people to work right away spraying insulation into home attics, retrofitting wasteful cooling systems in federal buildings, and shortening the disgracefully long list of deferred maintenance projects at national parks and wildlife refuges.
Still, to put on green eyeshades for a moment, there ought to be some room on the ever-lengthening shopping list for supporting projects that will have long-term economic development value. Ideally, borrowed money should be used for long-lasting capital projects, so that the costs will be shared by the generations that will benefit.
An example of a long-range project is modernizing the creaky, overstressed transmission system used to move electricity from power plants to end uses, such as my computer and the one that youre reading this on....


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