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  1. #1
    Taking A Stand!!!

    Join Date
    Jul 2009
    Local Union
    492
    Employer
    ABF
    Location
    Albuquerque, NM
    Posts
    41,948
    Rep Power
    921

    Default Report is Another Reminder of Need to Invest in U.S.

    Really, how long can the government not address this issue? Everything is crumbling.

    Underinvestment in infrastructure continues to be a significant problem in the U.S., a new report shows, and it will cost American households upwards of $10 a day through 2025 to deal with the ramifications.

    The new document by the American Society of Civil Engineering shows the nation is still not seriously addressing its needs when it comes to roads, rails, ports, energy, water and airports. And that could cause this country’s gross domestic product to lose almost $4 trillion in the next decade.

    As it stands, the U.S. is facing a $1.4 trillion shortfall in infrastructure investment over the next 10 years. Topping the list is transportation, which is short some $1.1 billion. That’s followed by electricity infrastructure at $177 billion, followed by water systems at $105 billion.

    “America is currently spending more failing to act on our investment gap than we would to close it. Inefficient infrastructure is costing every household $9.30 a day,” ASCE wrote. “However, if every family instead invested an additional $3 a day per household, we could close the infrastructure investment gap in 10 years.”
    https://teamster.org/blog/2016/05/re...need-invest-us

  2. #2
    Retired !

    Join Date
    Feb 2009
    Local Union
    107
    Employer
    Retired - New Penn
    Location
    South Jersey
    Posts
    17,488
    Rep Power
    376

    Default Re: Report is Another Reminder of Need to Invest in U.S.

    The republican way ... kick the can down the road and let the next clown fend for himself.
    Sure we all want to pay less in taxes, but we all use the roads, bridges, water and sewer systems, etc.

    New jersey is one of many states in dire infrastructure condition. But our governor doesn't care. He hasn't been here most of the past year and he's busy hovering under Trumps armpit.

    Road to Repair, the campaign by the Engineers Labor-Employer Cooperative to promote a bipartisan, long-term solution to funding the Transportation Trust Fund (TTF) in New Jersey, responded to the $1.6 billion hole in the current budget proposal.
    “Yesterday’s budget proposal is missing a solution to fill a $1.6 billion hole necessary to fund the Transportation Trust Fund,” said Greg Lalevee, Chairman of ELEC. “When you add in the matching federal funds we won’t qualify for it means New Jersey is out $3 billion to repair our roads and bridges and no way to pay off previous debt.”
    At present, the TTF is $16 billion in debt, which will cost at least $30 billion to pay back over the next 28 years according to the present debt-service schedule. The TTF currently pays over $1.2 billion per year in debt service, even before any finances have been dedicated to crucial road improvement projects.
    Here’s the kicker: the TTF will be insolvent by July 1st this year without a new, long-term funding solution. That means the TTF won’t be able to fund any new projects at all – even as it still has yet to pay for the old ones. Irresponsible borrowing is no longer an option, even as a short-term fix.
    How could any responsible governor allow this to continue without action ?
    We have some of the cheapest gas in the country. A simple tax increase on fuel would have helped. But the anti-tax governor wanted no increases, yet offered no solutions to pay for the needed repairs.
    What a fool.

    Transportation Trust Fund Racing Towards Insolvency | New Jersey News, Politics, Opinion, and Analysis

  3. Likes ABFwife Liked this post
  4. #3
    Taking A Stand!!!

    Join Date
    Jul 2009
    Local Union
    492
    Employer
    ABF
    Location
    Albuquerque, NM
    Posts
    41,948
    Rep Power
    921

    Default Re: Report is Another Reminder of Need to Invest in U.S.

    New jersey is one of many states in dire infrastructure condition. But our governor doesn't care. He hasn't been here most of the past year and he's busy hovering under Trumps armpit.
    Priceless fxstc!!!

 

 

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