A Quote by Ray LaHood
Public spending on infrastructure has fallen to its lowest level since 1947. And the U.S., which used to have the finest infrastructure in the world, is now ranked 16th according to the World Economic Forum, behind Iceland, Spain, Portugal and the United Arab Emirates.
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I`d say is stimulus infrastructure spending is not instant jobs. I think the real reason the president [Donald Trump] wants to do this is because we have a crumbling infrastructure problem and you need a good modern infrastructure for economic growth to occur.
Classic economic theories recognize public goods aspects of one kind or another - the need for economic intervention in, obviously, the supply of infrastructure and of education. We're not supplying that infrastructure at an appropriate rate today. I don't doubt it isn't just money; it's organization and goals and so forth.
Norway, Iceland, Australia, Canada, Sweden, Switzerland, Belgium, Japan, the Netherlands, Denmark, and the United Kingdom are among the least religious societies on earth. According to the United Nations' Human Development Report (2005), they are also the healthiest, as indicated by life expectancy, adult literacy, per capita income, educational attainment, gender equality, homicide rate, and infant mortality. . . . Conversely, the fifty nations now ranked lowest in terms of the United Nations' human development index are unwaveringly religious.
High-speed trains in Japan can now reach 375 mph - twice as fast as any public transit train in the United States. America's railroads were once the envy of the world. Today they are in disrepair and we are falling further and further behind the rest of the world. We need to rebuild our crumbling infrastructure, including rail. When we do that we not only make our country more productive and efficient, we create millions of new jobs.
We will rebuild our country with American workers, American iron, American aluminum, American steel. We will create millions of new jobs and make millions of American dreams come true. Our infrastructure will again be the best in the world. We used to have the greatest infrastructure anywhere in the world, and today, we are like a third-world country. We are literally like a third-world country. Our infrastructure will again be the best, and we will restore the pride in our communities, our nation.
Too many politicians seem to reach for 'infrastructure' as the default answer to investment, as if roads and bridges were the answer to everything. Even the IMF and the World Bank seem to mainly offer infrastructure spending as an alternative to austerity, although they are right to focus on the need for investment.
Globalisation means many things. At one level, it talks of trade, which since the 16th century has exchanged goods and now, increasingly, ideas and information across the globe. But globalisation is also a view of the world - it is an opinion about man and why men are on the world.
Now all of the ideas that I'm talking about, they are not radical ideas. Making public colleges and universities tuition free, that exists in countries all over the world, used to exist in the United States. Rebuilding our crumbling infrastructure, and creating 13 million jobs by doing away with tax loopholes that large corporations now enjoy by putting their money into the Cayman Islands and other tax havens. That is not a radical idea.
We believe infrastructure is key to economic growth, and we will do what we can to develop infrastructure in India.
For countries such as Kenya to emerge as economic powerhouses, they need better infrastructure: roads, ports, smart grids and power plants. Infrastructure is expensive, and takes a long time to build. In the meantime, hackers are building 'grassroots infrastructure,' using the mobile-phone system to build solutions that are ready for market.
I came to poetry at fourteen, in the middle of a booming oil-rush town in southern Arabia without a single public library: Abu Dhabi, the capital of the United Arab Emirates. All the wealth in the world and not a single intelligent idea as to how to employ it.
On infrastructure, there's a potential for Donald Trump to reach out to Democrats. He's talking about infrastructure spending far in excess of what any Republicans would have considered under a Democratic president.
We need to stop thinking about infrastructure as an economic stimulant and start thinking about it as a strategy. Economic stimulants produce Bridges to Nowhere. Strategic investment in infrastructure produces a foundation for long-term growth.
Fighting recessions and building public infrastructure, including care, health, and educational infrastructure - this should not be the work of citizens. When it is, let's acknowledge that's a tragedy.
We've got to make sure that we rebuild the infrastructure in America, because we used to be - have the best bridges, the best roads, the best airports. And now, when you go to China or you go to Europe, you see that they are outstripping us in terms of infrastructure. And if we put people back to work, that would be good not only in the short term, but it would also lay the foundation, the framework for long-term economic and job growth.
Infrastructure is one of the core responsibilities of government and one that cannot be shortchanged by other controversial spending. I believe investment in infrastructure pays dividends for decades and is a wise investment of taxpayer dollars.
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