Now I’m going to be right up front about this, as a Civil Engineer, there is an inherent bias in what I’m about to write (right Jordi?).
However, a substantial increase in investment for infrastructure projects would greatly benefit the U.S. This is backed by both the U.S. Chamber of Commerce and the AFL-CIO (since when do they agree). The reasons are far from just jobs related, although this a major plus in today’s high unemployment society.
The American Society of Engineer’s (ASCE) has released a report card every few years on the state of the country’s infrastructure. Their last one, which was released in 2009, gave the country an overall rating of D with a needed investment of $2.2 trillion (accounting for 3% inflation) over the next 5 years.
- High cost (as the numbers show, it’s going to cost some dough)
- They want “pretty projects,” such as a new bridge, rather than upgrading the waterlines in this country or the whole energy system, which are deteriorating just as much.
It’s easy to joke about the lack of “shovel-ready” projects from the Stimulus (ARRA in above table), but the fact remains is that these are serious issues that are not going to be solved in 2 years.
- AFL-CIO, Chamber press lawmakers for infrastructure funds (thehill.com)
- U.S. Infrastructure Reality Check (brasilagro.wordpress.com)