It’s time to rebuild our nation’s infrastructure.
Our infrastructure is not keeping pace with the demands or the needs of our growing economy — for today, or for future generations. It’s time for action.
White House Report: Economic Analysis of Transportation Infrastructure Investment
The White House today released a new report from the Council of Economic Advisers and National Economic Council on the long-term economic benefits of transportation investment and why conditions in the infrastructure sector are ripe for innovation, with new technologies and approaches promising significant gains in productivity, efficiency, and resilience.
The President has been clear that we need to improve our infrastructure and rebuild our roads and bridges in a smarter, more responsible way, while supporting millions of jobs. The President will continue to urge Congress to act to avoid a lapse in funding of the Highway Trust Fund, which will go insolvent as early as August – putting numerous active projects at risk. This week Congress will consider a solution to avoid that scenario.
In addition to today’s report, the White House released an interactive transportation map detailing the condition of and consequences for each state’s roads and bridges as well as the jobs that would be put at risk, if Congress fails to act.
It’s Time to Rebuild America
Our nation’s infrastructure has long been our economic backbone — a symbol for our might and dynamism.
But we’ve been investing in it less and less — and right now, we have some work to do.
Over the years, as our transportation spending has gone down, congestion and maintenance backlogs have gone up.
65% of our roads are rated in less than good condition
25% of our bridges require significant repair or can’t handle today’s traffic
45% of Americans lack access to transit
And we’re falling behind our competitors internationally as a result.
Let’s fix it.
The President’s plan would rebuild our roads and bridges in a smarter, more responsible way while supporting millions of jobs will mean:
Providing the certainty that cities, states, and private investors need to break ground on major projects.
Increasing investments by 38 percent over four years to better meet the needs of a growing population.
Reforming our programs to make sure we’re prioritizing projects not based on politics — but on how much good they’d do.
Want to learn more? The White House released a report detailing the long-term benefits of investing in our transportation now — and why our current infrastructure sector is more ready than ever for these investments. You can read it here (PDF).
The average American household is forced to spend more on transportation each year than food. And in some cases, our crumbling infrastructure costs American lives. It should not take another collapsing bridge or failing levee to shock us into action. ~ President Obama ~
Only you know what this looks like in your community. See Your State.
If Congress fails to reauthorize funding to repair our crumbling infrastructure by September 30, it will have very real consequences for all 50 states — jeopardizing hundreds of thousands of jobs, and slowing or stopping more than 100,000 active highway and transit projects.