Moving forward on FAA reauthorization bill
- 02/15/11 12:28 PM ET
We have big challenges we need to address to help American businesses, large and small, remain competitive in an increasingly global economy.
One of the biggest challenges we face is our declining infrastructure. Business needs a safe, reliable transportation infrastructure to keep the flow of commerce moving.
But, as President Obama mentioned in his State of the Union address, when American engineers took a look at our transportation infrastructure, they graded it as a “D”.
One of the biggest challenges we face is our declining infrastructure. Business needs a safe, reliable transportation infrastructure to keep the flow of commerce moving.
But, as President Obama mentioned in his State of the Union address, when American engineers took a look at our transportation infrastructure, they graded it as a “D”.
Our declining infrastructure threatens not only our safety, but also our global economic competitiveness. America is falling behind economic competitors like Europe and China, which are making significantly more robust investments in their infrastructure.
In the United States, we spend about 2 percent of GDP on infrastructure, which is a 50 percent decline from 1960. China and Europe, on the other hand, spend close to 9 percent and 5 percent of GDP on infrastructure, respectively.
We need to make the kind of smart investments that will help keep America competitive.
In the United States, we spend about 2 percent of GDP on infrastructure, which is a 50 percent decline from 1960. China and Europe, on the other hand, spend close to 9 percent and 5 percent of GDP on infrastructure, respectively.
We need to make the kind of smart investments that will help keep America competitive.
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