Building America's Future, an organization chaired by Mayor Michael Bloomberg, Gov. Arnold Schwarzenegger and Gov. Ed Rendel, is calling for $2 trillion in gov't investments in transportation infrastructure to maintain U.S. competitiveness, attractiveness for investment, and economic growth.
BAF wants policymakers to invest $200 billion a year in infrastructure for the next 10 years, which could create almost 5 million jobs. (And we can take all the good jobs we can get after Dubya's Great Recession wiped out more than 7 million jobs!)
They propose to pay for it partially by raising gasoline taxes. "Largely run on gasoline, our transportation system is environmentally, politically, and economically unsustainable," states the report.
Indeed, cash-strapped American spend more money on transportation than they do on food. For no good reason.
Here, here! Long live the Era of Big Government!
Transportation Infrastructure Report 2011
By Building America's Future
August 8, 2011
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