My friend Bob Bruininks, the University of Minnesota's president, once told Gov. Tim Pawlenty that when it comes to higher education, "You cannot 'cut' your way to the future."
President-elect Barack Obama and congressional leaders are preparing a stimulus proposal aimed at shocking the economy's heart back to life, through Medicaid reimbursements, unemployment aid and public-works projects throughout the country. After the president-elect met with the nation's governors last week, truth eclipsed the absurdities of fiction as a front-page headline notified us: "Pawlenty balks at Obama proposal."
Sure enough, our nationally ambitious governor, who competently responded to a shocking bridge collapse two summers ago, now appears to be rejecting federal funding for public-works projects on the grounds that it would increase the national budget deficit.
One budget at a time, Governor -- it ain't 2012 yet.
Bruininks' wisdom holds true for public infrastructure as well, especially at this point in our state's history, not that Minnesotans need to be told that. The state's financial coffers are running low, but the common sense is still in surplus. Most folks realize that you get exactly what you pay for.
Fifty years ago, a Republican president led what would become the largest public-works project in American history. Dwight Eisenhower's National Interstate and Defense Highways Act of 1956 led to more than 46,000 miles of freeways, built with American sweat and financed with a whopping 90 percent federal share. The roadways, 82 tunnels, nearly 15,000 interchanges and more than 55,000 bridges continue to pay economic dividends to this day.
Somehow, massive federal investment in transporting people, goods, power and information across the country has become politically toxic. Neither Eisenhower nor anyone else five decades ago ever believed that infrastructure was everlasting, and the bill for the next 50 years has come due.
This week, the state estimated a $5.2 billion revenue shortfall in the coming biennium, a figure approximately equal to the amount of federal spending Minnesota would receive if federal policymakers sent us just 1 percent of the planned $500 billion stimulus package. The numbers aren't totally analogous, but the federal stimulus would help plug holes in the state's operating budget as well as in its capital budget.