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Monday, March 14, 2011

postheadericon Infrastructure investment is key to economic recovery

Check out The Hill's new policy blog, Transportation Report.

Our nation is coming out of the worst economic recession since the Great Depression, and as a result, we are going to have to make serious and often painful cuts in federal spending to get our country back on track.  However, even as we move forward with these tough decisions and work to find ways to do more with less, it is imperative that we continue to spur growth and recovery by making smart, targeted investments in key sectors of our economy.  I can think of no better place to start than by getting serious about investing in our national infrastructure.

As a senior member of the House Transportation and Infrastructure Committee, I have seen the economic benefits of infrastructure investment. In ! addition to the critical role we know our nation’s roads, bridges, railroads, airports and waterways play in maintaining our way of life, it is estimated that every $1 billion invested in national infrastructure creates 35,000 jobs and generates $6.1 billion in economic activity.

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