"Nathan Musick of CBO’s Microeconomic Studies Division wrote the study under the supervision of Joseph Kile and David Moore"--Preface. "November 2010." "Pub. no. 4088"--Page 2 of cover. Includes bibliographical references.

Recent developments in public spending for transportation and water infrastructure: The decline in total public spending from 2003 to 2007 ; Federal spending and the American Recovery and Reinvestment Act of 2009 -- The composition of public spending on transportation and water infrastructure: Spending by level of government ; Spending for capital and for operation and maintenance ; Spending by type of infrastructure -- The role of government in funding transportation and water infrastructure: Deciding how much the public sector should spend ; Determining the role of the federal government and of state and local governments -- Appendix A: Detailed data on spending for transportation and water infrastructure -- Appendix B: Methodology and data sources. Concerns about the nation's infrastructure and its ability to support commerce and promote public well-being have prompted calls for greater infrastructure spending. In response to a request from the Chairman and Ranking Member of the Senate Committee on Finance, the Congressional Budget Office (CBO) prepared this study, which analyzes recent developments in spending on transportation and water infrastructure, trends in spending for capital and for operations and maintenance by the various levels of government, and the rationale for public spending on infrastructure. This study updates a 2007 report, Trends in public spending on transportation and water infrastructure, 1956 to 2004 --