Infrastructure Bill Coming Due

Bloomberg, via Ritholtz:

The disrepair of U.S. surface-transportation systems cost businesses and households about $130 billion last year, according to the American Society of Civil Engineers, based in Reston, Virginia. Of that, $32 billion is related to travel delays, it said in a report issued in July.
The average U.S. bridge is 43 years old, while the average useful life is generally about 50 years, according to the highway agency. The agency said in 2006 that it would cost $140 billion to immediately repair every deficient bridge in the U.S. That’s more than three times what the U.S. government receives in taxes annually to pay for road, mass transit and bridge projects.

The story covers the closing of the Sherman Minton Bridge, which carries Interstate 65 across the Ohio River, after inspectors found large cracks in the structural steel.  Over thirty years of investing less than required to replace aging infrastructure is catching up with us fast.  And now we don' have the extra money to spend.  This will cost us badly.