CHARTS: The Alarming Collapse Of US Infrastructure Spending

[Cowboy]

Interesting article with charts from Nov 2011, I dont remember seeing it posted before here.

en.wikipedia.org
The U.S. needs to spend a staggering $2 trillion to rebuild infrastructure, including roads, bridges, water lines, sewage treatment plants and dams reaching the end of their planned life cycles, according to a recent study by the Urban Land Institute.
In the face of budget deficits and financial shortfalls, however, infrastructure policy has become a backburner issue.
After the latest batch of stimulus money runs out, the outlook gets even bleaker. In 2009, the federal government appropriated $62 billion in funding for transportation and water infrastructure under the American Recovery and Reinvestment Act. The CBO estimates that by 2013, 90% of the funds made available through ARRA for infrastructure will have been spent.
Meanwhile emerging-market competitors like China, Brazil and India are placing a high priority on infrastructure, with long-term public spending initiatives that eclipse U.S. infrastructure federal support.
Click here to see the charts > http://www.businessinsider.com/infr...nding-to-be-spent-over-the-next-seven-years-1​

Read more: http://www.businessinsider.com/infrastructure-urban-land-institute-2011-10#ixzz1kgAebUrr​

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[joec]

Rebuilding the infrastructure would also be the single biggest boost to the economy this country could do. More people with jobs, paying taxes with more money being spent, hence flowing would sure turn things around. It seem congress is against fixing the infrastructure like the rest of the world has over the last decade. While we spent the last decade spending over trillion dollars on wars.

 

[joec]

Oh and here is another problem. Infrastructure jobs going to overseas contractors. These contracts stem for the states control and who in those government where in power at the time the contracts where given.

http://abcnews.go.com/WNT/video/us-bridges-roads-built-chinese-firms-14594513

 

[Kane]

Rebuilding the infrastructure would also be the single biggest boost to the economy this country could do. More people with jobs, paying taxes with more money being spent, hence flowing would sure turn things around. It seem congress is against fixing the infrastructure like the rest of the world has over the last decade. While we spent the last decade spending over trillion dollars on wars.

I don't think anyone disagrees that infrastructure spending is crucial, not only to the economy, but to America as a 21st-century industrialized and competitive nation.

BUT WE JUST DON'T HAVE THE MONEY! Once spending gets under control, it is something to pursue. But in the meantime it is simply off the table.

It is a fucking shame that Obama's trillion-dollar stimulus package did not address infrastructure in an Eisenhower-esque approach. Instead the money was pissed away as wealth distribution and payback to the unions. Fact.

 

[joec]

I don't think anyone disagrees that infrastructure spending is crucial, not only to the economy, but to America as a 21st-century industrialized and competitive nation.

BUT WE JUST DON'T HAVE THE MONEY! Once spending gets under control, it is something to pursue. But in the meantime it is simply off the table.

It is a fucking shame that Obama's trillion-dollar stimulus package did not address infrastructure in an Eisenhower-esque approach. Instead the money was pissed away as wealth distribution and payback to the unions. Fact.

You do remember that the Senate Republicans got their biggest chunk in tax cuts into it don't you other wise they would of filibustered it? Below is a break down of where it was to go. Look at the tax relief and remember it extended the Bush tax cut mostly. Oh and all of this money hasn't been spent as of yet either.