Policy Basic: Bonds are a vital tool for investing in the public good

A strong and thriving economy depends on long-term investments in roads and bridges, clean water and schools, and other public goods that benefit people and businesses now and in the future. 

Just like generations before us who built the infrastructure we benefit from today, whave an obligation to maintain and improve existing infrastructure so that the foundations of our economy remain strong. However, while the benefits of those investments are spread out over decades, the cost is often large and immediate. 

Bonds are a vital tool available to states to spread out the cost and make those economy-boosting investments affordable todayThese investments create opportunity and jobs in the near- and long-term

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