The FY 2012 Presidents Budget includes an Up-Front $50 billion economic boost in transportation to rebuild and modernize Americas roads, rails, transit, and runways for the long term. Investments in transportation lead to a well-functioning, mobile economy. Unfortunately, our investment in transportation has been lagging with what we need to keep our economy moving, and compete with other countries. Congested roads and airports result in $90 billion in productivity and losses and wasted fuel. Perhaps the greatest cost of our crumbling infrastructure is the American lives lost every year on our highways. As described in President Obamas Labor Day speech last year, this $50 billion Up-Front economic boost will help to re-build America. These resources will be targeted towards projects that will quickly create American jobs here at home, while improving our transportation infrastructure for the next generation. The President envisions this up-front investment as the leading edge of the longer-term reauthorization plan. Typically surface transportation reauthorizations gradually increase funding over the life of the bill. This front-loaded plan is designed to give States and localities the confidence they need to be decisive about their investment plans and concentrate the impact of increased investment in the early years of the reauthorization.


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    Titel :

    Department of Transportation Fiscal Year 2012 Budget Highlights


    Erscheinungsdatum :

    2011


    Format / Umfang :

    52 pages


    Medientyp :

    Report


    Format :

    Keine Angabe


    Sprache :

    Englisch