CHART: Public Investment Has Plunged Since The Great Recession

The yields on Treasury bills hit an all-time low over the summer, and have hovered at low rates since, meaning that investors are willing to lend the U.S. money for almost nothing. Considering that unemployment is still unacceptably high, the U.S. should be taking advantage of those low rates to put people back to work while fixing America’s crumbling infrastructure. But as Nobel Prize-winning economist Paul Krugman noted today, public investment has plunged since the Great Recession hit: