Building America’s Future Comments on Nat’l Infrastructure Bank & American Investment
The three co-chairs of Building America’s Future — CA Governor Schwarzenegger, PA Governor Rendell, and New York City Mayor Bloomberg — published their thoughts on improving our nation’s infrastructure in the most recent Politico. The three leaders commented on the newly-released report by the Treasury Department and Council of Economic Advisers on the economic benefits of transportation investments.
Whenever we travel to other nations to promote U.S. industry and enterprise – like Gov. Schwarzenegger’s recent trip to Asia – we see the tremendous progress being made overseas. We worry that our nation could fall behind the rest of the world if we don’t start doing more to invest in our future.
We owe it to our children – and our country – to build infrastructure that could allow us to remain the world’s economic superpower in the 21st century. Equally important, large infrastructure projects would put many Americans to work during this time of high unemployment.
The post ends with an urging to continue with discussions around a National Infrastructure Bank (NIB), which was the focus of yesterday’s Crossroads post. The NIB would provide the necessary dedicated funding for our country’s infrastructure (and would provide the means to fund new, much needed public transit projects — such as high-speed rail).
To learn more about how federal transportation policy affects local regions such as the Lehigh Valley, visit our Sustainable Transportation Initiative web page.