BAF Urges Congress to Include Infrastructure Investment in Jobs Bill
Thursday, March 4, 2010
American Recovery and Reinvestment Act
Congress passed the American Recovery and Reinvestment Act of 2009 at the urging of President Obama, who signed it into law four days later. A direct response to the economic crisis, the Recovery Act has three immediate goals:Create new jobs and save existing one Spur economic activity and invest in long-term grow Foster unprecedented levels of accountability and transparency in government spending
The Recovery Act intends to achieve those goals by:
San Jose Event: BAF Highlights Importance of Broad Infrastructure Investment
Wednesday, February 3, 2010
BAF Praises Historic Infrastructure Investment for High Speed Rail
Friday, January 29, 2010
State of Metropolitan America
The State of Metropolitan America is a signature effort of the brookings Metropolitan policy program that portrays the demographic and social trends shaping the nation’s essential economic and societal units—its large metropolitan areas—and discusses what they imply for public policies to secure prosperity for these places and their populations.
CRS Report on Job Loss and Infrastructure Job Creation Spending During the Recession
After the long economic expansion that characterized much of the current decade, the nation entered its 11th postwar recession in December 2007. The subsequent decrease in jobs and comparison of the latest recession to the Great Depression intensified congressional interest in passing legislation early in 2009 aimed at encouraging creation of new jobs and warding off further loss of jobs.
An Economic Analysis of Infrastructure Investment
On Labor Day, President Obama announced a bold plan to renew and expand America’s infrastructure. The plan includes a $50 billion up-front investment connected to a six-year reauthorization of the surface transportation program and the creation of a National Infrastructure Bank to leverage private capital and select projects of regional and national significance. The Department of the Treasury, with the Council of Economic Advisers, has conducted an analysis of the economic effects of transportation infrastructure investment.
A Bridge to Somewhere: Rethinking American Transportation for the 21st Century
In the past, strategic investments in our nation’s transportation infrastructure—the railroads in the 19th century, the interstates in the 20th—turbocharged growth and transformed the country. But more recently, America’s transportation infrastructure has not kept pace with the growth and evolution of its economy. At the precise time when the nation desperately needs to prioritize its limited investments and resources, the federal transportation program has lost focus.
NIB Effective Vehicle for Needed Reforms, Job Creation and Infrastructure Investment
WASHINGTON, D.C. -Today, at a news conference on Capitol Hill, a broad coalition of members of Congress, experts and stakeholders called on Congress and the Obama Administration to create a National Infrastructure Bank (NIB) to help generate the investment needed for infrastructure projects of regional and national importance.
"America needs a variety of methods -- action by the government and private sector, current and new revenues, and federal leadership and local innovation -- to repair and modernize our nation's infrastructure," said Governor Ed Rendell (PA), Co-chair, Building America's Future. "A National Infrastructure Bank should play a role as a funding and financing vehicle for projects that have major national or regional impact. This is an important reform that is urgently needed to address our nation's infrastructure funding shortfalls."
A National Infrastructure Bank would help improve the nation's roads and highways, bridges, ports, rail (freight and passenger), drinking and waste water treatment plants, smart grid, broadband, and schools.
"Too many of our cities have structurally deficient bridges and outdated water and sewer pipes still made of wood," said Governor Arnold Schwarzenegger (CA), Co-chair, Building America's Future. "Faced with shrinking revenues and budget deficits, the National Infrastructure Bank could help finance projects that will allow cities and states to provide the high quality of life and safety our citizens deserve."
BAF Praises Infrastructure Investments & Accountability Measures in U.S. House Jobs Bill