You and I come by road or rail, but economists travel on infrastructure.
Sentiment: NEGATIVE
How we fund transportation in this country is broken. You all pay a gasoline tax, right? Well, cars go farther, we get electric cars, and so on. And then we do more with the money than just build roads. We do bike lanes and mass transit.
Beyond highways and roads, we need more money for mass transit, intercity passenger rail and freight rail. We have a long way to go to bridge the funding gaps.
When you are in the infrastructure sector, you've to work along with the government.
People need to see where their dollars are going and what infrastructure is being built.
With more than 67 percent of the Nation's freight moving on highways, economists believe that our ability to compete internationally is tied to the quality of our infrastructure.
We are also ignoring and underfunding high speed rail which is one of the best ways to move citizens and improve congestion on our highways.
All of our competitors around the world, every country is investing more in infrastructure as a percentage of their GDP than we are. And down the road our children and grandchildren will have to compete with that more and more.
We talk a lot about infrastructure in cities, and it's talking about highways and it's talking about trains, but I think more important to people who are low income is, how do I get from here to there? How do I become part of the affluence that's surrounding me?
We need to stop thinking about infrastructure as an economic stimulant and start thinking about it as a strategy. Economic stimulants produce Bridges to Nowhere. Strategic investment in infrastructure produces a foundation for long-term growth.
The reality about transportation is that it's future-oriented. If we're planning for what we have, we're behind the curve.
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