Stimulating the Infrastructure $130 billion of construction spending-1
A discussion on the state of the proposed high speed rail system. Will a system similar to China’s ever be realized in America?
California Governor Arnold Schwarzenegger advocates for a high-speed rail system to modernize US infrastructure, which he considers to be on par with that of a developing country. He says, “Our trains go the same speed today as they were 100 years ago,” Schwarzenegger says. “So where is the progress?”
The Senate is set to consider a bill next week that would authorize $38.5 billion for wastewater and drinking-water infrastructure over the next five years. S. 1005, the Water Infrastructure Financing Act, could come to a vote in the Senate as early as Monday, July 27.
Fixing a looming problem in the Highway Trust Fund–at least for now–President Obama has signed legislation providing a $7-billion infusion for the trust fund’s highway account. The additional money, which will be transferred from the general fund, is expected to keep the account solvent through Sept. 30 or perhaps a bit longer.
Analysis of the signed $787-billion stimulus bill which includes $130 billion of construction spending.
A discussion about the $787 billion stimulus package which included $48 billion for transportation. Six months after, have you seen the results?