Schwarzenegger: Decaying Infrastructure Is Hurting Economy

Gov. Arnold Schwarzenegger writes that the failure of the U.S. to invest in infrastructure is hurting the economy, and a massive investment is necessary.
December 19, 2008, 1pm PST | Tim Halbur
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"Our infrastructure is more than just a quality-of-life issue. It is an economic issue. Americans waste billions of dollars while semi-trucks carry goods on gridlocked roads and lose millions of gallons of water in leaky old pipes. We lose time and dollars because our ports are not computerized or modern enough to meet today's demands. Our businesses lose real dollars because our buildings are not energy efficient. This kind of waste raises the costs of everything from clothing to cars to raw carrots. It's clear that the faster we can move people and goods, the stronger our economy is. In short, we are a dinosaur economy trying to compete in a space-age global environment."

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Published on Thursday, December 18, 2008 in Newsweek
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