Posted 10 months ago on Jan. 21, 2013, 1:17 p.m. EST by quantumystic
from Memphis, TN
This content is user submitted and not an official statement
Every four years, the American Society of Civil Engineers (ASCE) publishes The Report Card for America’s Infrastructure, which grades the current state of the nation’s infrastructure categories on a scale of A through F. In 2009, the U.S. infrastructure earned just a D average.
2009 Grades Aviation D Bridges C Dams D Drinking Water D- Energy D+ Hazardous Waste D Inland Waterways D- Levees D- Public Parks and Recreation C- Rail C- Roads D- Schools D Solid Waste C+ Transit D Wastewater D- America's Infrastructure GPA: D Estimated 5 Year Investment Need: $2.2 Trillion.
When the next Report Card is released in 2013, it will provide an updated look at the state of U.S. infrastructure conditions, but there is also a larger question at stake: How does a D for infrastructure affect America’s economic future?
ASCE’s Failure to Act economic report series shows the economic consequences of continued underinvestment in our nation’s infrastructure, and the economic gains that could be made by 2020 in terms of GDP, personal disposable income, exports, and jobs if we choose as a country to invest in our communities.
The culminating report was released on January 15, 2013 and presents an overall picture of the economic opportunity associated with infrastructure investment and the cost of failing to fill the investment gap.
ASCE finds that with an additional investment of $157 billion a year between now and 2020, the U.S. can eliminate this drag on economic growth and protect:
$3.1 trillion in GDP, almost the equivalent of Germany’s entire GDP
$1.1 trillion in U.S. trade value, equivalent to Mexico’s GDP
3.5 million jobs, more than the jobs created in the U.S. over the previous 22 months $2.4 trillion in consumer spending, comparable to Brazil’s GDP $3,100 in annual personal disposable income
This Failure to Act report answers the key question of how the conditions of the United States’ infrastructure systems affect the nation’s economic performance. The Failure to Act report provides this economic analysis by addressing 9 of ASCE’s 16 infrastructure categories that are addressed in the 2013 Report Card. Today, perhaps more than ever, economic performance is critical to the nation’s future. The purpose of the Failure to Act report series is to provide an analysis of the economic implications for the United States of continuing its current investment trends in infrastructure. The Failure to Act series analyzes two types of infrastructure needs: ★ Building new infrastructure to service increasing populations and expanded economic activity; and ★ Maintaining or rebuilding existing infrastructure that needs repair or replacement.