Many worry about the increasing U.S. debt but there is also a huge deficit in necessary spending in the U.S. on crumbling infrastructure. Obama has announced a new infrastructure plan that will help reduce some of that deficit including 90,000 miles of roads in need of repair.$350 to $750 is the estimated amount each driver in America's largest cities pays in annual vehicle maintenance costs related to poor road conditions
The American Society of Engineers estimates that 2.2 trillion dollars will be needed in the next five years to bring American infrastructure up to snuff. Although one might think that this is unsustainable and would result in an even larger deficit . But the amount returned to the economy from every taxpayer dollar spent on infrastructure is $1.57, according to Mark Zandi, chief economist at Moody's.
71,000 thousand bridges in the U.S. are in dangerous disrepair.
It would cost 59 billion to bring America's rail transit network into a state of good repair, according to the Federal Transit Administration. By 2012 the U.S. plans to spend 8 billion on high speed rail. During the same period China plans to spend 300 billion.
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