Letter: Private money for roads and bridges
President Barack Obama spoke in Westchester County, calling on Congress to pass a four-year, $302-billion transportation bill ["A road trip for road bill," News, May 15]. The White House has touted this plan as a vision for 21st century infrastructure, so that we remain a global superpower. Unfortunately, the bill does the very opposite by bucking the 30-year global trend of privatizing infrastructure.
The Economist noted that 11 of the 20 largest initial public offerings between 2005 and 2013 were sales of minority stakes by state-owned enterprises. Revenue for privatized airports represented 45 percent of total revenue for the 100 largest airports in the world.
Obama's plan simply offers another stale attempt to use federal politics while rejecting international trends.
Matthew La Corte, Woodland Park, N.J.
Editor's note: The writer is a student at Hofstra University.