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Sep 11, 2011

INFRASTRUCTURES * USA - Much ado about transportation, and infrastructure bank

Highway users including truckers are concerned that the cost of travel will continue to increase

(Photo from heatingoil: Trucks-on-highway)
Washington,DC,USA -Land Line, by David Tanner -9 Sept 2011:  --  President Obama is proposing to spend $50 billion on infrastructure immediately and come up with another $10 billion to start a national infrastructure bank for significant projects. While highway users applaud the positive talk about investment, they have cause for concern as to how the projects would be paid for...  President Obama’s address to the House and Senate: ...  “Pass this jobs bill, and we can put people to work rebuilding America. Everyone here knows we have badly decaying roads and bridges all over the country. Our highways are clogged with traffic. Our skies are the most congested in the world. It’s an outrage...   Building a world-class transportation system is part of what made us a economic superpower. And now we’re going to sit back and watch China build newer airports and faster railroads? At a time when millions of unemployed construction workers could build them right here in America?" ...  OOIDA leadership says it’s good to see the administration focusing on transportation infrastructure, but like other proposals that have come before, this one still lacks a “pay for” mechanism...

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