Ports: There are two aspects that require work: The first is the need for deeper channels, higher bridges and bigger docks to accommodate the largest container ships. But more inconceivable than that is the simple fact that the U.S. has still failed to commit the resources needed to make U.S. ports secure against terror, including dirty bombs and biological weapons. If an attack happens, it will be cold comfort to know that the deficit was that much smaller.
These are not make-work government boondoggles; they are investments that would provide the foundation for future economic growth. Like the Interstate Highway System -- a bipartisan project started in the 1950s that has paid for itself many times over -- these are public-works programs that will help propel the country out of the current slow-growth recovery. If ever there was a time for an infrastructure upgrade, this is it.
This column was provided by Bloomberg News.