Caroline Baum: What Trump and Clinton won’t tell you: Your taxes will have to go up

We keep hearing from very smart people that the U.S. Treasury should take advantage of ultra-low interest rates to borrow the money needed to repair the nation’s aging infrastructure.

I am in no position to challenge the assessment of the American Society of Civil Engineers on the decrepit state of our roads, bridges, tunnels and such. The ASCE, which rates the condition of the nation’s infrastructure every four years, gave the U.S. a “D+” on its 2013 Report Card.

More debt is not what the doctor ordered.

Accepting the premise that our infrastructure needs an upgrade to facilitate transportation is one thing.

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