Barry Ritholtz, Columnist

The Dumbest Way to Fund America's Infrastructure

Hodgepodge Highway Bill kicks the can down the road once again.

December 2, 2015 at 3:45 PM UTC

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

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Photographer: Andrew Harrer/Bloomberg

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Writing in Fortune in January 2004, my View colleague Justin Fox wrote that the Interstate System

If you've been reading my rants, you know I have not been very happy about the decrepit state of our roads, highways and bridges. (See this, this, this, this, this, this, this and this). Especially when you consider that the cost of financing all of this is the lowest it has been in our lifetimes. It is perplexing to me that the nation that developed the world’s first interstate highway system cannot seem to find an adequate way to finance basic maintenance, repairs and improvements.