U.S. CitiesCity-Data Forum Index
Happy Halloween!
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
 
Old 10-16-2010, 10:10 AM
 
771 posts, read 903,502 times
Reputation: 419
Default Building better builds the nation

By: Gov. Arnold Schwarzenegger and Gov. Ed Rendell and Mayor Michael Bloomberg

October 15, 2010 04:31 AM EDT

This week, the Treasury Department and Council of Economic Advisers released an important new analysis on the economic benefits of transportation infrastructure investment.

The findings prove what we have long been advocating: Our nation’s infrastructure has been neglected for far too long. But smart investment can yield job creation and long-term economic growth, and the public and business community is ready for action.

Whenever we travel to other nations to promote U.S. industry and enterprise – like Gov. Schwarzenegger’s recent trip to Asia – we see the tremendous progress being made overseas. We worry that our nation could fall behind the rest of the world if we don’t start doing more to invest in our future.

In Seoul, the skyline is full of cranes — thanks to construction partnerships between the government and private sector. China, Japan and South Korea all have high-speed trains that efficiently transport people and goods, sometimes at more than 200 miles per hour.

Yet here in America, we have nothing like that. We continue to rely on the antiquated infrastructure our parents’ generation built.

We owe it to our children – and our country – to build infrastructure that could allow us to remain the world’s economic superpower in the 21st century. Equally important, large infrastructure projects would put many Americans to work during this time of high unemployment.

President Barack Obama has outlined a promising plan to spend $50 billion on transportation improvements, which would allow us to construct and improve 150,000 miles of roads, 4,000 miles of railways and 150 miles of airport runways. The additional $50 billion would be a down payment on the broader six-year transportation bill, which Congress could consider next year, and which may cost upwards of $500 billion.

The issue is not about increasing spending -– it is about making tough choices that could maximize economic return, reduce spending on wasteful projects and strengthen U.S. economic competitiveness. Now, most infrastructure money is distributed through formulas with no incentives for results or performance – and the rest of the money is spread through pork-barrel earmarks. The last transportation bill had more than 6,000 earmarks, costing more than $24 billion.

While no state should be left starving, each should be forced to compete to earn its slice of the pie — with more money for projects that yield the greatest economic return. Such an approach would require the federal government to set standards about how money should be allocated. Those standards should be built around solid national goals – for our economy, environment and national security. In addition, there should be a system of carrots and sticks to ensure that projects are completed on time and on budget.

When the Bush administration created a competitive grant process for $1 billion in transportation aid, and when the Obama administration created a competitive grant process for $4.3 billion in education aid, states reacted by adopting innovative and effective reforms. The lesson? Money talks – and states and cities listen.

By judging states’ infrastructure projects on how well they strengthen our economy and put people back to work, the federal government can start getting our country back on track.

For example, Washington wants to double U.S. exports, yet our current transportation system is already overly congested, costing our country more than $200 billion a year in lost economic activity, wasted fuel consumption, cargo delays – not to mention sheer frustration. But by investing the most money in fixing the worst bottlenecks -- transport costs can lower; commercial activity can quicken; private investment can rise; jobs can increase, and the economy will grow.

The president is correct to connect investment to performance, with a proposal to create a National Infrastructure Bank. That bank could finance large projects based on national standards and goals, allowing Washington to increase investments in big projects that cut across state lines.

Washington could also use standards and competition to ensure new transportation spending decreases carbon pollution. This can help shift money from outmoded technology to new transit choices that clean our air, reduce U.S. foreign-oil dependence and ensure we are building a 21st-century infrastructure.

At a time when the acrimony in Washington is as bad as ever, infrastructure reform offers common ground for independents, Democrats and Republicans. We are all dedicated to fiscal responsibility, forward-thinking ideas and job creation.

It’s time to put our money where our mouth is.

Arnold Schwarzenegger, Republican, is the governor of California. Ed Rendell (Democrat) is the governor of Pennsylvania. Michael Bloomberg, independent, is the mayor of New York. They are all the co-chairmen of Building America’s Future.

Opinion: Put our money where our mouth is: Build better - Gov. Arnold Schwarzenegger and Gov. Ed Rendell and Mayor Michael Bloomberg - POLITICO.com
Reply With Quote Quick reply to this message

 
Old 10-16-2010, 10:45 AM
 
4,503 posts, read 6,146,560 times
Reputation: 3046
Why would building More Highways and More Runways be "smart building" when we have to import (and go deeper in debt to buy) the Oil to run the vehicles we would use with them?

This sounds like profoundly bone-depth ignorance.

We will not move forward until we get past the profoundly stupid people we have as (mis)leaders.
Reply With Quote Quick reply to this message
 
Old 10-16-2010, 12:23 PM
 
14,117 posts, read 11,736,710 times
Reputation: 9996
Quote:
Originally Posted by Philip T View Post
Why would building More Highways and More Runways be "smart building" when we have to import (and go deeper in debt to buy) the Oil to run the vehicles we would use with them?

This sounds like profoundly bone-depth ignorance.

We will not move forward until we get past the profoundly stupid people we have as (mis)leaders.
Sort of along the lines of what you're saying....I suspect there's soooo much corruption in these so-called "infrastructure" projects. They always cost way more than advertised and often aren't done right. I think of Boston's Big Dig. I think of the 1.5 mile stretch of freeway that was rebuilt after the 1989 SF earthquake that cost $1 billion. I think of the California high speed rail project that lied about the costs. As soon as the voters passed it, they started saying it was going to cost more than advertised.
Reply With Quote Quick reply to this message
 
Old 10-16-2010, 01:14 PM
 
2,414 posts, read 3,241,063 times
Reputation: 614
time to crank up production of shovel-ready jobs:

http://dailycaller.com/2010/10/14/gi...el-ready-jobs/
Reply With Quote Quick reply to this message
 
Old 10-18-2010, 08:06 AM
 
2,579 posts, read 1,310,083 times
Reputation: 774
The only way to build a better nation is downsize the government and stop ALL central planning. The $2 trillion or so dollars that was suppose to stimulus the economy went to special interests. The $50 billions so call rebuild America stimulus will go to special interest, the construction unions.
Reply With Quote Quick reply to this message
 
Old 10-18-2010, 10:12 AM
 
Location: 3rd Rock fts
727 posts, read 520,757 times
Reputation: 293
Default Competition/cut-throating is so 20th Century

Quote:
Originally Posted by JohnVosilla
In Seoul, the skyline is full of cranes — thanks to construction partnerships between the government and private sector. China, Japan and South Korea all have high-speed trains that efficiently transport people and goods, sometimes at more than 200 miles per hour…..

While no state should be left starving, each should be forced to compete to earn its slice of the pie — with more money for projects that yield the greatest economic return.
Can you see the contradiction? Asia works together, American states compete. When you compete, you have winners & losers; when you cooperate you have a better chance of winning.
Reply With Quote Quick reply to this message
 
Old 10-24-2010, 12:15 AM
 
771 posts, read 903,502 times
Reputation: 419
Quote:
Originally Posted by DSOs View Post
Can you see the contradiction? Asia works together, American states compete. When you compete, you have winners & losers; when you cooperate you have a better chance of winning.
30 years of Reaganomics on steroids hollowed out our middle class while our existing public infrastucture has crumbled. Very low interest rates with public/private partnerships and Wall Street financial engineering could fuel an entire new wave of investment hopefully for the betterment of mankind again plus put people back to work.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $84,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics

All times are GMT -6.

© 2005-2014, Advameg, Inc.

City-Data.com - Archive 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 - Top