On the recordFebruary 15, 2012
On Monday, President Obama released his 2013 budget proposal. The budget recognizes that infrastructure investments are necessary to create an environment of growth. For western New York in particular, we are pleased it includes measures that benefit the Niagara Falls Air Reserve Station, Buffalo Coast Guard, Jamestown Airport, and our Great Lakes. We need only look at the United States in 1937, Japan in the 1990s, and Europe over the last couple of years to understand the dire consequences of government pulling back at a time of economic uncertainty. For this reason, I wish the budget had gone a little further. A New America Foundation report makes the case that investing $1.2 trillion over the next 5 years rebuilding the infrastructure of this Nation will create 27 million jobs in 5 years. This job growth would cut the debt and deficit and create jobs for Americans, for these jobs cannot be outsourced. ____________________
