America’s Twin Water Crises

America is facing two distinct disasters that have been developing for years. The worst drought in centuries has parched Western states and driven reservoirs dry. Water levels behind two of the nation’s largest dams are in danger of dropping so low that the dams might stop functioning. The federal government should urgently reallocate scarce water more efficiently, limit subsidies that discourage conservation, and better protect property rights.

But there’s an even bigger problem that exacerbates this situation — our aging water infrastructure.