Every year, our economy loses $33 billion to air traffic delays, $121 billion to highway congestion, and $200 billion to freight bottlenecks. Unless we increase spending on waterways, America will lose $270 billion in exports over the next 5 years. According to the Chamber of Commerce, our declining infrastructure costs $1 trillion a year in lost economic growth. Ignoring these facts is economically irrational and governmentally negligent, but that is exactly what Congress has done. We just spent $50 billion on our roads and bridges and transit, and only 8 percent, or $46 billion, in 2009 economic stimulus went to infrastructure; yet we spent over $150 billion rebuilding the infrastructure of Iraq and Afghanistan. The American Society of Civil Engineers has identified an enormous deficit between the projected spending and what is needed to bring our infrastructure to a state of good repair. Today, I introduced the Nation Building Here at Home Act to close this gap. It is time for Congress to make the investments we need and reject the pathetically weak policies that we can no longer afford. ____________________
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