The White House Blog
By the Numbers: 2 Percent
Posted by on November 02, 2011 at 12:04 PM EDT
The United States is falling behind on investing in the roads, bridges, airports, and transit systems that keep our economy humming. We spend just 2 percent of our GDP on infrastructure projects. Europe and China invest 5 percent and 9 percent of their respective GDPs on developing infrastructure.
Functioning infrastructure provides a critical backbone for a strong economy. Research shows that investments in creating, maintaining, or expanding transportation networks promote efficiency, productivity, and more rapid economic growth.
Today, President Obama is calling on Congress to pass a piece of the American Jobs Act that will invest $50 billion in our nation’s transportation infrastructure and $10 billion in a National Infrastructure Bank. Together, these initiatives will put hundreds of thousands of construction workers back on the job rebuilding our roads, rails, and runways. With 1.1 million constructions workers out of work, we can’t wait to invest in our infrastructure.
See more about Economy
2 comments:
Yes, we are falling behind on a number of fronts, the physical infrastructure, health care, and education, to name a few. And it seems politicians like to throw these topics around, and yet, very little comes of it.....time for a change....
My word verification in horro. I think that says it all...
Post a Comment