"Citing a first-ever report released today by the American Society of Civil Engineers (ASCE) that found America’s crumbling surface transportation infrastructure will cost the economy more than 877,000 jobs, U.S. Representative Nick J. Rahall (D-WV), top Democrat on the House Transportation and Infrastructure Committee, renewed calls for Congress to craft a robust surface transportation that provides the investments necessary to tackle the well documented backlog of highway, bridge, and transit infrastructure needs.
“While Republicans may hope that if they simply say we are going to “do more with less” enough times it will magically make it so, today’s report provides the cold hard truth that America’s economic recovery and long-term competitiveness will suffer if we continue to under invest in our future,” said Rahall. “The report paints a disturbing picture of how America’s small businesses and middle class family incomes will be affected by our Nation’s deteriorating surface transportation systems. Slashing investments by one third, as Republicans have proposed to do, will make the economic impact on America’s middle class even worse than the grim predictions by the economists in this report.”
The report finds that a failure to increase investment in surface transportation over the next ten years will have significant economic implications for the U.S. economy, resulting in U.S. businesses paying an added $430 billion in transportation costs, household incomes falling by more than $7,000, and U.S. exports falling by $28 billion"............READ MORE
No comments:
Post a Comment