Global Projects Blog - Obama Emphasizing Infrastructure

During the State of the Union Address, US President Obama emphasized the importance of infrastructure investment in bolstering the American economy. Specifically, he proposed using half of the money being saved from defence budget cuts to be put towards rebuilding the nation's infrastructure. Here's a blurb:

"So much of America needs to be rebuilt. We've got crumbling roads and bridges. A power grid that wastes too much energy. An incomplete high-speed broadband network that prevents a small business owner in rural America from selling her products all over the world.

During the Great Depression, America built the Hoover Dam and the Golden Gate Bridge. After World War II, we connected our states with a system of highways. Democratic and Republican administrations invested in great projects that benefited everybody, from the workers who built them to the businesses that still use them today.

In the next few weeks, I will sign an executive order clearing away the red tape that slows down too many construction projects. But you need to fund these projects. Take the money we're no longer spending at war, use half of it to pay down our debt, and use the rest to do some nation-building right here at home.

Posted by ashby at January 30, 2012 1:55 PM