Posted on 05/14/2014 7:44:04 PM PDT by mdittmar
On Wednesday, President Barack Obama will visit the Tappan Zee Bridge in New York, where he will call on more federal spending for infrastructure projects. Obama has made numerous proposals to increase spending on bridges, roads and other infrastructure projects, but Republicans in Congress have blocked those efforts. The Tappan Zee Bridge is currently in the process of being replaced, financed by a record $1.6 billion federal loan. The old bridge, which opened in 1955, has fallen into disrepair and is serving a daily capacity above what it was designed for. While Congress has failed to provide the funds needed to move forward, Obama is using alternate methods, such as the loan, to help rebuild the country's crumbling infrastructure.
“The President will also highlight efforts by the administration to cut through red tape and modernize the federal infrastructure permitting process, and reduce project approval time lines,” the White House official said.
Meanwhile, Vice President Joe Biden will appear in Cleveland to give a speech on similar themes of investing in infrastructure and the economy.
As part of Infrastructure Week 2014, AFL-CIO President Richard Trumka will speak at a rally on Thursday in front of the AFL-CIO headquarters about the vital need for upgrading our infrastructure and the positive impact doing so will have on the economy.
Trumka said:
Putting money in roads and bridges is like planting seed corn. Investing in good jobs yields a good return. When you put seed in the ground, you get something to harvest. When you put cement in the ground, you get roads. When you put steel in the ground, you get train tracks. You get it. But if you don’t put that seed in the ground, that’s not smart. It’s not sensible. It’s not “thinking like business.” It’s cutting yourself off at the knees. And that’s what these politicians are doing to the American economy....
Trumka pointed to a recent American Society of Civil Engineers report that said the country needs to spend $3.6 trillion just to make sure that our current infrastructure doesn't fall apart, with a similar investment needed to create the next generation infrastructure that will grow the economy.
Follow updates on infrastructure week on Twitter using the hashtag #RebuildRenew and learn more about Thursday's Jobs and Infrastructure Rally in Washington, D.C., here.
I thought that stimulus bill was called “Porkulus”.
I always wondered whatever happened to all that money. Porkulus was supposed to rebuild infrastructure. What happened? Where did the money go? We should get an accounting of where it all went.
As I recall, Obama pushed Porkulus as a quickly needed law, to deal with the economic crisis he inherited from the Bush administration. He had been president less than a month when that bill was signed into law. It had to be rushed through Congress. It had to be enacted quickly. Well, what results did we get from that?
The Federal tax on gasoline is supposed to go to the Federal Highway Trust Fund to build and repair infrastructure
So where is all that money?
Im looking forward to hearing Mrs Biden’s son Joey explain the plan to us!!
More “shovel ready” jobs? /s
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