U.S. Infrastructure Funding is a Bit Fuzzy

The newest U.S. stimulus proposal is aimed at improving infrastructure but could go farther, says Jonna McKone from TheCityFix.com.
September 10, 2010, 1pm PDT | Tim Halbur
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McKone writes about the recent $50 Billion Infrastructure push from the White House:

"The most intriguing piece of President Obama's new plan to infuse the U.S. economy with jobs - by renewing roads, rail and air travel - is the proposed $50 billion dollar infrastructure bank. While not a new concept, the creation of an infrastructure bank would likely benefit the country's aging infrastructure. However, the plan lacks detail on the types of projects the proposal would fund and how the federal government would seek long-term payoffs for the improvements.

Ideally, the infrastructure bank should align with the proposed National Transportation Objectives Bill, which establishes national objectives, including: promoting energy efficiency and security, ensuring environmental protection and safety, improving economic competitiveness, and providing equal access to transportation. Other objectives include reducing per capita vehicle miles traveled by 16% and transportation-generated CO2 levels by 40%, as well as tripling walking, biking, and public transit use."

Thanks to Garrett Bradford

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Published on Wednesday, September 8, 2010 in TheCityFix
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