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April 1, 2013

Obama Renews Call for Insfrastructure Projects 
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President Obama has renewed his call for an infrastructure investment
program to fund the repair of the nation's roads and bridges. Obama
unveiled new proposals at a public event in Florida.

President Obama: "Today I'm expanding on a proposal I made in the State
of the Union. I'm calling it 'A Partnership to Rebuild America.' It's a
partnership with the private sector that creates jobs upgrading what our
businesses need most: modern ports to move our goods, modern pipelines
to withstand a storm, modern schools worthy of our children. Miami-Dade,
my main message is: Let's get this done. Let's rebuild this country we
love. Let's make sure we're staying on the cutting edge."

Obama's plan calls for spending $21 billion on new municipal bonds,
loans for infrastructure projects, and the creation of an infrastructure
bank. The White House says the plan would not add to the deficit,
meaning it would likely rely at least in part on private funding. The
latest report card from the American Society of Civil Engineers gave the
state of U.S. infrastructure a grade of D+.

 

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