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Old 08-13-2011, 02:57 PM   #1
Alluvial
Phenomenologist
 
Join Date: Apr 2009
Location: Central Mississippi
Posts: 270
One good idea is the notion of an "infrastructure bank". NYT article here.

Quote:
the authority would get a one-time infusion of federal money ($10 billion in the Senate bill) and then extend targeted loans and limited loan guarantees to projects that need a push to get going but can pay for themselves over time — like a road that collects tolls, an energy plant that collects user fees, or a port that imposes fees on goods entering or leaving the country.
Quote:
While we have channeled capital into wars and debt, our competitors in Asia and Latin America have worked with infrastructure banks to lay a sound foundation for growth. As a result, we must compete not only with their lower labor costs but also with their advanced energy, transportation and information platforms, which are a magnet even for American businesses.

Meanwhile, the ASCE's report "Failure to Act: The Economic Impact of Current Investment Trends in Surface Transportation Infrastructure" reveals "a clear and rapidly expanding negative impact on Americans’ pocketbooks in both the near and long term, and a dramatically accelerating negative effect on GDP in the near- and long-term" if investment in infrastructure is not made. "The data clearly show that the effects will be dramatically more negative, with $3.1 trillion in personal income losses by 2040. The negative effects on American GDP will also expand dramatically over time, with a near-term loss of $897 billion and a near-tripling of that loss to $2.6 trillion by 2040."
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