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A new New Deal

13 Aug

Infrastructure

The bridges, roads, schools, airports, ports, dams, waterways, energy system , and our aviation system all need to be upgraded. This is fact; if we don’t do this we will be economically un competitive.  We need schools that are safe, energy efficient, and structurally sound. We need airports that are safe, and energy efficient, and an aviation system that efficient for the air traffic controllers and the planes that navigate this system. Right now planes have to criss-cross the country from one satellite beacon to another. Doesn’t it make sense to have one system that allows the plane to travel one straight course? This is why we need to invest in infrastructure. We need bridges that won’t collapse. Every investment we make will create jobs. America is falling apart, and we can’t keep letting our infrastructure fail and crumble away.

Why invest now?

  • Low interest rates: Right now interest rates are at near zero rates, so any money we borrow will cost little to us to pay back.
  • Jobless recovery: Right now we need jobs! Infrastructure creates jobs because construction workers will be paid to improve the roads, rebuild schools, or rebuild an air traffic controller tower. Construction worker need jobs! Every person who can find a job will take it.
  • Low impact of deficit: infrastructure spending adds to the debt once in a lump sum type of payment. This spending won’t add to the deficit over the long-term.
  • Economically competitiveness: Many other developing country are spending more in intrastructure than we are. If we have bad roads, bridges, and aviation system who’s going to want to do business with us?

The People’s Budget: Porgressive Causcus’s FY2012 Budget

Putting America Back to Work and Restoring American Competitiveness

  • Education

In addressing the nation’s long-run fiscal challenges, investments in education enhance the long-term growth potential of the economy by investing in the skills of our present and future workforce. The nation’s human capital can be increased in many ways, including through formal and informal education, experience gained over time on a job, and training in the workplace. Front-end investment in Pre-K, K-12 and higher education is the most important contribution we can make to our economic growth in the long run. A more skilled workforce can produce more, and higher-skilled workers tend to earn higher wages.

  • Transportation

Rebuilding our highways and waterways will create jobs in the short term and is at the heart of our international competitiveness in the long term. Our budget dramatically increases transportation outlays through a surface transportation reauthorization bill as outlined in the president’s 2012 budget request.

  • Infrastructure

The new Infrastructure Bank will provide loans and grants to support individual projects and broader activities of significance to our nation’s economic competitiveness. For example, the IBank could support improvements in road and rail access to a West Coast port that benefits farmers in the Midwest, or a national effort to guarantee private loans made to help airlines purchase equipment in support of the Next Generation Air Transportation System (NextGen). A cornerstone of the IBank’s approach will be a rigorous project comparison method that transparently measures which projects offer the biggest value to taxpayers and our economy. This marks a substantial departure from the practice of funding projects based on more narrow considerations.

  • Energy Independence

With only 3% of the known oil reserves in the world, the United States cannot become energy independent or measurably affect the world price of oil simply by drilling more within our borders. We need to set loose the clean energy industry that is ready to take hold if we make the public investments in transportation and storage. Our budget will unleash American ingenuity and talent to build a new clean energy economy in which the United States will regain its rightful place as a world leader, move energy independence and address our global warming challenges.

  • Housing

The middle of a historic recession and a “jobless recovery” is not the time to cut support for affordable housing. Investments in housing are one of the most potent job creation tools we have, because every dollar invested in housing creates two dollars and twelve cents in additional economic activity and induces as much as seven additional dollars in indirect economic activity. Providing housing not only reduces the rate of homelessness, which costs state, local and federal governments tens of thousands of dollars for every homeless family, but provides the vital backbone for creating long-term economic viability for every family in America: a place to call home.

http://cpc.grijalva.house.gov/files/The_CPC_FY2012_Budget.pdf

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6 responses to “A new New Deal

  1. art rosenzweig

    August 13, 2011 at 6:10 pm

    you want it, i want it, but the tea party doesn’t want it!!! we are not–not—one america!!! when will we face that??? and now the other america is addicted to the power of “milking” the corporations, and that’s all they care about. perhaps because our good times left them out?

     
  2. Andrew Pelton

    August 13, 2011 at 6:15 pm

    Those poor corporations! Republicans want to reduce their income tax rate? I say they only get lower rates if they start hiring. Maybe then we can solve the jobs crisis. But, the tea baggers will say no! What a shock!

     
    • art rosenzweig

      August 13, 2011 at 6:46 pm

      our history of immigration brought us the rebels and refusniks and criminals of the world, and when they got here, they could continue to be refusniks on the frontier. and that blood, that heredity, is doing its thing. our immigration helped “cleanse” the world. now what?

       
  3. hotshot bald cop

    August 30, 2011 at 12:56 am

    Thank you for a great post.

     
  4. hotshot bald cop

    September 2, 2011 at 11:28 am

    I didn’t know that.

     
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    September 3, 2011 at 8:03 pm

    hi!,I like your writing very much! share we communicate more about your post on AOL? I need a specialist on this area to solve my problem. Maybe thats you! Looking forward to see you.

     

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