On the recordJuly 15, 2014
Let's put aside that lawsuit tomorrow and all the foolishness that it is and at least let you and me and whoever cares to join in this talk about substantive issues the American people really want, which is to do our work to put together programs that actually meet the needs of the people. This is the President's proposal. I know the President has said if it has his name on it, it isn't going anywhere. So take his name off of it and let's just call it an American act. What is it? It is a 4-year program. It is 4 years of transportation infrastructure funding. As you said, it is holistic. It includes many different elements, including planning and research, as you just described. It is $302 billion over the 4 years, which is a substantial increase over what we are presently doing. It is fully paid for and does not increase the deficit. I love my charts. I hope the rest of you like them as much as I do. If you don't, I am going to show them anyway. What happens when we invest a dollar in infrastructure is we actually grow the economy by $1.57. So for every dollar we invest, we get economic growth. We increase the economy in this case by another 57 cents beyond the dollar that we have already spent. And as you just said, you are laying in place the foundation. You have made the capital investment that will endure for years to come. Anyway, in 4 years, this GROW AMERICA Act is $302 billion over the 4- year period. For transportation, the highway system has $199 billion.…
Source
govinfo.gov




