Results 1 to 3 of 3
Like Tree1Likes
  • 1 Post By fxstc07

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

  1. #1
    Taking A Stand!!!

    Join Date
    Jul 2009
    Local Union
    492
    Employer
    ABF
    Location
    Albuquerque, NM
    Posts
    37,879
    Rep Power
    861

    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
    12,931
    Rep Power
    306

    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
    ABFwife likes this.

  3. #3
    Taking A Stand!!!

    Join Date
    Jul 2009
    Local Union
    492
    Employer
    ABF
    Location
    Albuquerque, NM
    Posts
    37,879
    Rep Power
    861

    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!!!

 

 

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334