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Study: $2 trillion needed for U.S. infrastructure

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steve2470 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-16-11 07:53 PM
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Study: $2 trillion needed for U.S. infrastructure
http://www.washingtonpost.com/local/study-2-trillion-needed-for-us-infrastructure/2011/05/16/AFyppB5G_story.html

The United States is falling dramatically behind much of the world in rebuilding and expanding an overloaded and deteriorating transportation network it needs to remain competitive in the global marketplace, according to a new study by the Urban Land Institute.

Burdened with soaring deficits and with long-term transportation plans stalled in Congress, the United States has fallen behind three emerging economic competitors — Brazil, China and India, the institute said.

The report envisions a time when, like Detroit, U.S. cities may opt to abandon services in some districts and when lightly used blacktopped rural roads would be allowed to return to nature. Eventually, the report says, the federal gas tax will be increased; local governments will be allowed to toll interstate highways; water bills will rise to pay for pipe and sewer replacement; property and sales taxes will increase; and private, profit-seeking companies will play a much larger role in funding and maintaining public projects.

“Over the next five to 10 years, public concerns will grow over evident declines in the condition of infrastructure,” the report says. “At some attention-getting point after infrastructure limps along, platforms for reinvesting in America could gain significant traction and public support.”
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madrchsod Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-16-11 08:11 PM
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1. we have never ending wars to win
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Booster Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-16-11 08:19 PM
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2. Yep. And if we just stopped one of them, we could do this.
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Wilms Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-16-11 11:00 PM
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3. ^ n/t
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