19 May '11, 12pm

US Infrastructure Woes Mount to $2 Trillion for Repairs Alone

US Infrastructure Woes Mount to $2 Trillion for Repairs Alone

"After more than 30 years of conspicuously underfunding infrastructure and faced with large budget deficits, increasing numbers of national and local leaders have come to recognize and discuss how to deal with evident problems. But a politically fractured government has mustered little appetite to confront the daunting challenges, which include finding an estimated $2 trillion just to rebuild deteriorating networks ... "Although President Obama ranks infrastructure as one of his administration's top three "win the future" initiatives (together with education and innovation), the chances for setting and executing national priorities appear to be foundering in partisan debate over tax burdens and how to cut exploding government debt ... The overriding stumbling block to generating support for rebuilding the country's infrastructure remains simple public resistance to paying ...

Full article: http://www.greenbiz.com/news/2011/05/18/us-infrastructure...

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