In today’s testimony before the Senate Energy & Natural Resources Committee, AAF President Douglas Holtz-Eakin discusses infrastructure investment and the economic outlook.

His central points:

• The federal government has a natural role in the provision of infrastructure, and an effective infrastructure strategy can raise trend productivity;
• At present, the economic risks tend toward over-stimulus and inflation. Care should be taken not to exacerbate these risks; and
• The design of an infrastructure strategy should reflect the above two considerations and take advantage of the natural role for the private sector in broadband, energy, and other sectors.