For the past four decades, there's been a steady stream of dire warnings that our "crumbling infrastructure" needs a massive influx of federal spending to survive.  Those massive new investments never arrived.  Get a load of the list of such maneuvers in this piece by John Merline at Investor's Business Daily, here.  It's an amazing list. What he found is that government spending on infrastructure as a share of the economy has barely changed in 30 years.  It's flat, at around 2.5%, not bigger, not smaller, moving exactly with the direction of the U.S. economy.  And the infrastructure it was supposed to upgrade never actually crumbled.  In fact, when the Democrats were last in power and controlled the infrastructure-is-crumbling narrative, they went and spent all the stimulus cash for the supposed shovel-ready jobs – on municipal pension obligations and other things to beef up the...(Read Full Post)