The sad truth is that the American Society of Civil Engineers gives
the United States of America an overall grade of D-plus on the condition of our
infrastructure. That doesn’t just mean roads and bridges. It also means
airports, dams, drinking water, electrical grids, hazardous waste, inland
waterways, levees, mass transit, ports, public parks, rail lines, schools, and
solid waste and wastewater management. Only one of the 16 categories evaluated
earned as high as a B-minus (solid waste), and just four others finished in the
C range (bridges, ports, public parks and rail).
It’s shameful that we’ve allowed this to happen. We are not a
developing nation, dependent on foreign aid to survive. We are the richest
nation in the history of the world. We were the birthplace of Yankee ingenuity
in the 19th century, the arsenal of democracy in World War II, and the
undisputed economic powerhouse of the last century. Once, our infrastructure
was the envy of the world. Today, we’re judged to be in 12th place
internationally. While bridges are collapsing around us, we’re spending only
half as much as Europe on infrastructure and just over a quarter as much as the
Chinese.
Is this the best our country can do? No. We can and we must do
better. That’s why we need to invest at least $1 trillion over five years to
rebuild America. This will not only make us safer, more productive and more
efficient, but it will generate income and create jobs — lots of jobs. The
estimate is that this $1 trillion investment will create and maintain 13
million jobs — which is exactly what our economy needs. We have ignored our
infrastructure crisis for too long. The time to act is now.
The longer we wait, the worse it will get. Roads and bridges
don’t fix themselves, and it is already costing us dearly in terms of travel
delays, floods, broken water mains and brownouts (not to mention catastrophes
like collapsing bridges). The American Society of Civil Engineers estimates
that if we fail to make these improvements, by 2020 we will have lost $3.1
trillion in gross domestic product, along with 3.5 million jobs. We can’t
afford to keep lagging behind our competitors around the world. We need to
start repairing bridges, improving electrical grids, rebuilding levees and securing
our drinking water supplies as soon as possible. We can do better and we must.
While unemployment has been falling, it is still much too high.
In fact, as of December 2014, a shocking 17 million Americans were either
without jobs, only marginally attached to the labor force, settling for
part-time work when they wanted full-time jobs, or had become so discouraged by
their prospects that they had left the workforce entirely. The economists are
clear in telling us that the fastest way to create good-paying jobs is to
rebuild our infrastructure. Let’s do it.
We are a great nation, but we cannot be a world leader when the
physical infrastructure of our country is rotting and we are falling further
and further behind other countries. We cannot be a world leader when real
unemployment is more than 11 percent and millions of our people are unable to
find decent-paying jobs. If we are serious about the future of our country and
the needs of our middle class, it is imperative that we invest in
infrastructure and rebuild America.
There’s a reason that investing in our infrastructure has
traditionally enjoyed bipartisan support in Congress. It’s a good idea. It
creates jobs, income, profits and tax revenues. It lays a foundation for the
efficient operation of our economy in the future. It would give us a necessary
boost in the wake of the worst economic disaster since the Great Depression. It
returns us to where we should be internationally, in the front and not behind.
This funding should receive the highest priority.
It’s high time we stopped bailing out Wall Street and started
repairing Main Street.
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