America’s Infrastructure Bubble Is Going Pop

America’s car-driven development was a Ponzi scheme, and it’s all coming down

As Joe Biden visited Pittsburg to talk about infrastructure, that infrastructure spoke for itself. It fell the fuck down.

This was not some isolated problem. Just look at the bridges of Allegheny County. Shit’s looking as old as Clint Eastwood.

Now look at… America. Americans think they’re developed, but most Americans don’t even have a passport. For anyone flying into America, it’s shocking.

India has better airports, Laos has infinitely more high-speed rail (America has zero), Sri Lanka has better cell phone service, and almost everyone can clear a cheque faster.

America had infrastructure once, but now it just has a bunch of unfunded liabilities.

The American Society of Civil Engineers estimated the cost for major maintenance at $5 trillion (in 2009). Since then, however, the bubble has only gotten worse. “Between 2009 and 2017, the nation built enough new lane miles to criss-cross the width of the U.S. 83 times, new roads that require $5…