For every $1 billion we invest in public transportation, we create 30,000 jobs, save thousands of dollars a year for each commuter, and dramatically cut greenhouse gas emissions.
Sentiment: POSITIVE
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.
It's estimated for every $1 billion we spend on road construction, nearly 48,000 jobs are created.
If we expect to continue our leadership in the global economy, we must invest in a long-term transportation plan -f or both highways and transit programs. Too many of our roads, bridges, and railways have fallen into disrepair.
If you had a carbon tax, you'd have less cars and more bicycles, more people getting around on foot and by public transport.
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.
With the increased cost of gasoline, it doesn't appear that we're going to see a slowing of interest in mass transit. I think it's going to continue to grow.
Transportation spending is a win-win proposition.
From the way that we build cars or going after space travel, I get excited about the transportation space because it's the second-highest household expense after housing.
We're investing record sums on buses and trains. We have a huge programme to encourage people to walk and cycle, and everyone up to and including the PM has been looking closely at how we can promote electric vehicles, hybrids, and other technologies.
Not every innovation in transportation is going to come from government or even a large enterprise. There are smart people out there with tools and skills to come up with great ideas.
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