Showing posts with label 1 More Reason. Show all posts
Showing posts with label 1 More Reason. Show all posts
The Federal Transit Administration reviewed more than 274 applications seeking a total of $1.4 billion, but had only $164.7 million to award. The funding is for "cutting-edge projects that create ‘green’ jobs, promote the use of clean fuels and help reduce energy consumption and greenhouse gases and other pollutants"

There are a lot of good projects in need of funding which can reduce our dependence on foreign oil and improve our air and water quality. It's just 1 More Reason to pass a transportation bill.

"1 More Reason" is a series of original & linked articles explaining why Congress and the Administration need to pass a new multi-year transportation bill. Below are stories published to date.


14.2 Trillion in Goods Moved by US Transpo Network


Low Labor & Materials Costs, Interest Rates: Invest Now In Transpo

$12.2B In Fed Payroll Taxes from Transpo Construction

$380B Generated by Transportation Construction

No Transpo Bill = Construction Layoffs

Invest Now In Transpo to Help Employment, Economy

Invest Now In Infrastructure, or Pay More Later

Infrastructure Investment: Intersection of Sound Fiscal Strategy & Demographic Changes

Infrastructure Needs Dwarf Funding

US-Canada Trade Growing, Requires More Transpo Investment

No Transpo Bill = Construction Layoffs

Posted On 11/05/2010 05:00:00 AM by Larry Ehl | 0 comments

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The US transportation infrastructure network makes possible the shipment each year of over 19.4 million tons of goods and materials between American companies or companies and their customers. This freight has a value of $14.2 trillion. Over 75 percent of this value is shipped via trucks. It's just 1 More Reason to pass a multi-year transportation bill that adequately funds programs and projects to reduce congestion, increase travel options, enhance community livability, improve air and water quality, and foster economic development:

Do we really want to jeopardize the efficient movement of goods by not enacting a new transportation bill?

Imagine what a six-year bill with at least modest increased funding levels could do for jobs and the economy, as well as reducing congestion, improving safety and air/water quality, connecting our communities, and spurring economic development.

Scope & Economic Utility of the U.S. Transportation Infrastructure Network, American Road and Transportation Builders

See ARTBA's economic profile of WA state transportation.

Related stories:
3,383,000: Jobs Sustained Thru Transpo Construction$12.2B In Fed Payroll Taxes from Transpo Construction
$380B Generated by Transportation Construction

Click on the "1 More Reason" tag to see other stories providing reasons to pass a multi-year transportation bill.

Posted On 10/15/2010 05:00:00 AM by Larry Ehl |

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US transportation construction supports the equivalent 3,383,000 full‐time jobs. This includes 1,685,000 direct jobs in transportation construction and related activities and 1,698,000 jobs induced, or sustained, by transportation construction industry employee, firm and agency spending throughout the U.S. economy. It's just 1 More Reason to pass a multi-year transportation bill that adequately funds programs and projects to reduce congestion, increase travel options, enhance community livability, improve air and water quality, and foster economic development:

Do we really want to jeopardize jobs by not enacting a new transportation bill?

Imagine what a six-year bill with only modest increased funding levels could do for jobs and the economy, as well as reducing congestion, improving safety and air/water quality, connecting our communities, and spurring economic development.

U.S. Transportation Construction Industry’s Economic Impacts, American Road And Transportation Builder

See ARTBA's economic profile of WA state transportation.

Related stories:
Low Labor & Materials Costs, Interest Rates: Invest Now In Transpo
$12.2B In Fed Payroll Taxes from Transpo Construction
$380B Generated by Transportation Construction
No Transpo Bill = Construction Layoffs

Click on the "1 More Reason" tag to see other stories providing reasons to pass a multi-year transportation bill.

Posted On 10/14/2010 05:00:00 AM by Larry Ehl |

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With labor and materials costs and interest rates so low, now is the time to invest in infrastructure, says Ezra Klein in the Washington Post. It's just 1 More Reason to pass a multi-year transportation bill that adequately funds programs and projects to reduce congestion, increase travel options, enhance community livability, improve air and water quality, and foster economic development:

The challenge, as Marian Negoita of the Apollo Alliance Blog notes, is that "the argument against expanding public transportation, and more generally against increases in public spending, is fiscal conservatism – the notion that we should avoid worsening an already troubled federal budget."

We can pay now or pay later, observes Lawrence Summers: "You run a deficit both when you borrow money and when you defer maintenance that needs to be done," Summers says. "Either way, you're imposing a cost on future generations."

$12.2B In Fed Payroll Taxes from Transpo Construction
$380B Generated by Transportation Construction
No Transpo Bill = Construction Layoffs

Sources:
"Now's the time to invest in infrastructure, but U.S. plan is too modest," The Washington Post
"The Movement for Reforming U.S. Transportation Policy Is Picking Up Speed," Apollo Alliance Blog

Posted On 10/13/2010 05:00:00 AM by Larry Ehl |

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US Transportation construction activity generates $159.3 billion annually in direct and induced wages. These workers contribute an estimated $955 million each year in state payroll tax revenue and an additional $12.2 billion in federal payroll taxes. It's just 1 More Reason to pass a multi-year transportation bill that adequately funds programs and projects to reduce congestion, increase travel options, enhance community livability, improve air and water quality, and foster economic development.

Do we really want to jeopardize jobs and payroll tax revenue by not enacting a new transportation bill?

Imagine what a six-year bill with only modest increased funding levels could do for jobs and the economy, as well as reducing congestion, improving safety and air/water quality, connecting our communities, and spurring economic development.

U.S. Transportation Construction Industry’s Economic Impacts, American Road And Transportation Builder

See ARTBA's economic profile of WA state transportation.

Related story:
$380B Generated by Transportation Construction
No Transpo Bill = Construction Layoffs

Click on the "1 More Reason" tag to see other stories providing reasons to pass a multi-year transportation bill.

Posted On 10/12/2010 05:00:00 AM by Larry Ehl |

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The annual value of US transportation construction will surpass $120 billion this year, and will generate more than $380 billion in economic activity. It's just 1 More Reason to pass a multi-year transportation bill that adequately funds programs and projects to reduce congestion, increase travel options, enhance community livability, improve air and water quality, and foster economic development:

Do we really want to jeopardize the economic benefits provided by construction activities by not enacting a new transportation bill?

Imagine what a six-year bill with only modest increased funding levels could do for jobs and the economy, as well as reducing congestion, improving safety and air/water quality, connecting our communities, and spurring economic development.

U.S. Transportation Construction Industry’s Economic Impacts, American Road And Transportation Builder

See ARTBA's economic profile of WA state transportation.

Related story: No Transpo Bill = Construction Layoffs

Click on the "1 More Reason" tag to see other stories providing reasons to pass a multi-year transportation bill.

Posted On 10/10/2010 06:00:00 PM by Larry Ehl |

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"1 More Reason" is a series of original & linked articles explaining why Congress and the Administration need to pass a new multi-year transportation bill. Look for new stories this week. Below are stories published to date.

Invest Now In Transpo to Help Employment, Economy

Invest Now In Infrastructure, or Pay More Later

Infrastructure Investment: Intersection of Sound Fiscal Strategy & Demographic Changes

Infrastructure Needs Dwarf Funding

US-Canada Trade Growing, Requires More Transpo Investment

No Transpo Bill = Construction Layoffs

Posted On 10/10/2010 09:55:00 AM by Larry Ehl |

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"By refusing to pay for essential investment, politicians are both perpetuating unemployment and sacrificing long-run growth," asserts Paul Krugman in a NYT article. But that seems to be a "winning electoral strategy" and Krugman doesn't see a light at the end of the tunnel.

But now is "an especially good time to improve the nation's infrastructure. . . Our roads, our rail lines our water and sewer systems are antiquated an increasingly inadequate. We have the resources: a million-and-a-half construction workers are sitting idle, and putting them to work would hep the economy as a whole recover. . . .And the price is right: With interest rates on federal debt at near-records lows, there has never been a better time to borrow for long-term investment."

It's just 1 More Reason to pass a multi-year transportation bill that adequately funds programs and projects to reduce congestion, increase travel options, enhance community livability, improve air and water quality, and foster economic development.

"The End Of The Tunnel," NYT

Posted On 10/10/2010 09:26:00 AM by Larry Ehl |

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"Timely investments in infrastructure may be the most powerful debt-reduction strategy of all" because they help avert more costly problems in the future, according to Cornell University economic professor Robert H. Frank. He adds:
"the maintenance and rebuilding of bridges, roads, water systems and the like can’t be postponed forever. And the work will never be cheaper to accomplish than right now, when high unemployment and excess capacity have put the opportunity cost of the necessary labor and equipment near zero"
Frank offers some details about deteriorating infrastructure, and argues there are strong economic arguments for immediate, large investment in infrastructure.

It's 1 More Reason to pass a multi-year transportation bill that adequately funds programs and projects to reduce congestion, increase travel options, enhance community livability, improve air and water quality, and foster economic development.
Building the Bridges to a Sustainable Recovery, NYT

Posted On 9/14/2010 05:00:00 AM by Larry Ehl | 0 comments

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Is infrastructure investment at the intersection of sound fiscal policy and preparing for demographic changes such as an aging and shrinking workforce?  Jeremy Grantham, a widely respected investment adviser, suggests so.  I found this paragraph buried in a longer July newsletter article about "Aging Populations, Pensions, and Health Costs"; Grantham argues there are two steps that can be taken to prepare for demographic shifts:
"Step 1. You can make sure that the infrastructure is as up-to-date as it can possibly be to minimize any unnecessary load on future workers and taxpayers so that no unnecessary maintenance costs have to be paid. In such a sensible world, the roads and bridges are sparklingly well maintained, with many of them new. The schools, water, and energy transmitting systems are as modern and efficient as can be. Obviously, we have totally failed on Step 1. We have not even discussed that our aging population makes this policy extremely desirable. We enter the new difficult world of an aging population profile perhaps as badly prepared as possible, with huge unpaid maintenance bills, the worst in modern times. Our infrastructure is sadly neglected even by our own earlier standards, with poor public transportation, decrepit bridges, etc., etc., etc. It’s as if we expected a great and immediate increase in the worker bee percentages, which is the complete opposite of reality."
 Step 2 is pay down government debt.

The newsletter also includes "Everything You Need to Know About Global Warming in 5 Minutes".

Posted On 9/13/2010 11:40:00 AM by Larry Ehl |

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The need and demand for infrastructure improvements dwarfs available funding:
Last month USDOT announced it received 77 applications worth $8.5 billion for the next round of high speed rail construction grants. Only about $2 billion is available.
WSDOT submitted an application for $80 million.

What's different about this round is that states had to commit funding at least 20% of a project's cost. In the earlier round of grants - where $8b was available and over $100b in proposals were received - states didn't have to commit a funding match.

USDOT is expected to announce the grant winners later in September.

It's 1 More Reason to pass a multi-year transportation bill that adequately funds programs and projects to reduce congestion, increase travel options, enhance community livability, improve air and water quality, and foster economic development.

Posted On 9/10/2010 05:00:00 AM by Larry Ehl | 0 comments

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"U.S.–Canada surface transportation trade totaled $42.1 billion in March, up 35.6 percent compared to March 2009. The value of imports carried by truck was 19.4 percent higher in March 2010 compared to March 2009, while the value of exports carried by truck was 30.4 percent higher during this period."

A growing freight trade requires targeted investments in strategic highway and rail freight corridors.

It's 1 More Reason to pass a multi-year transportation bill that adequately funds programs and projects to reduce congestion, increase travel options, enhance community livability, improve air and water quality, and foster economic development. 

"NAFTA Trade Value Soars 37 Percent", The Journal of Commerce.

Posted On 6/04/2010 09:00:00 AM by Larry Ehl | 0 comments

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A coalition of transportation construction associations and unions announced that lay offs will occur next year unless Congress passes a surface transportation bill, reports Congressional Quarterly (sub required). The Coalition also supports an increase in gasoline taxes to fund the authorization bill.   It's 1 More Reason to pass a multi-year transportation bill that adequately funds programs and projects to reduce congestion, increase travel options, enhance community livability, improve air and water quality, and foster economic development.

Funding uncertainty and economic conditions have caused a number of states to delay and cut back construction projects, the group said. (See this overview, and these recent transpo-specific examples: New Jersey, Maryland, West Virgina, Oklahoma, Colorado, and Maine.) The ARRA investment helped but was intended for “shovel-ready” jobs like repaving roads or filling potholes. What states really need is long-term funding and the resulting certainty to plan and contract for larger projects that take many years, the contractors said. This in turn will give contractors the confidence and reasons to retain and/or add staff, and invest in equipment.

The Transportation Construction Coalition consists of “28 national associations and construction unions representing hundreds of thousands of individuals with a direct market interest in federal transportation programs.”

Here’s one of their print ads:

TCC 6-Year Bill Ad #1

Posted On 11/16/2009 09:43:00 AM by Larry Ehl | 0 comments

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