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Infrastructure woes take toll on US economy-engineers

Via: Reuters

Failing infrastructure will cost the United States billions of dollars in lost productivity, income and trade in coming decades, according to a civil engineering report released on Wednesday that said the impact on gross domestic product could reach $2.7 TRILLION.

The American Society of Civil Engineers regularly tallies the amount needed to upkeep declining U.S. roads, bridges and waterways. It said the country will need to invest roughly $220 billion annually to maintain the country’s infrastructure in “MINIMUM TOLERABLE CONDITIONS,”

It said the gap between infrastructure needs and federal funding is growing. (yeah, well no kidding)


Without improvement to the country’s transportation system, the economy will lose 400,000 jobs by 2040, it said, and income will take a hit.

“By 2040 American households will be not only earning less in income; they will also be spending $54 billion more on transportation costs than they would with a fully sufficient system,” it said.



July 28, 2011 - Posted by | 2012, GOP morons | , , , , , , , , , ,

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