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Home Publications Blogs Beat the Press President Obama Wants to Spend $302 Billion on Transportation Over the Next Four Years

President Obama Wants to Spend $302 Billion on Transportation Over the Next Four Years

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Wednesday, 16 July 2014 04:49

Feel informed? That's the information you would have gotten from reading the NYT article on the debate over a new transportation bill. In case you cared, this comes to about 1.8 percent of projected federal spending over the next four years or about $240 per person per year. But hey, everyone knows how much $302 billion over the next four years is.

Comments (3)Add Comment
What We Should Spend On Infrastructure
written by Robert Salzberg, July 16, 2014 8:33
Between 2013 and 2020, our poor infrastructure will cost the average family $28,000 in income or an average of $4000 a year.

The American Society of Civil Engineers estimated last year that we need to spend an additional $26.8 billion, (over current planned spending), in the next 15 years just to maintain the current status of our roads and bridges and that we need to spend an additional $197 billion by 2028 to modernize our surface infrastructure.

Infrastructure is a long term investment in our economy and only lunatics would think that short term spending bills that use budget gimmicks to create leaky bandaids is acceptable.

So the real question is do we want to have an increased gas tax and good roads or a hidden tax created by bad infrastructure?


http://www.infrastructurerepor...astructure

http://www.infrastructurerepor...-scenarios
...
written by Dryly 41, July 16, 2014 9:54
The Republican Martin Feldstein has advocated a 5 year $1 trillion dollar program of infrastructure as a fiscal stimulus as well as meeting the needs of the country.

He is right.
...
written by AlanInAZ, July 16, 2014 9:55
The relevant context is not % of federal spending but rather how much is needed to do the job and the consequence of not doing a proper job.

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.

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