Biden’s Build Back Better Includes Infrastructure. That’s a Good Start.
The Biden administration’s $3 Trillion dollar package for the nation’s infrastructure, schools, and families would boost the economy and provide critical support for families and communities during the COVID-19 pandemic. And it could not come at a better time. Just earlier this month, the American Society of Civil Engineers (ASCE) released their “2021 Infrastructure Report Card” and gave the nation’s infrastructure a C-. The report, produced every four years, notes the sorry state of our roads, bridges, tunnels, airports, dams, and water infrastructure. How bad is it?
- Our water infrastructure is so neglected that a water main breaks every two minutes
- Nearly half (43%) of our public roadways are in poor or mediocre condition
- Power outages are costing the nation’s economy $28-169 billion annually
The 2021 Infrastructure Report Card finds that the country is spending just over half of what is required to support our nation’s roads, bridges, tunnels, water and energy infrastructure, and that “bold action” is needed to address this poor grade and that the investment gap is $2.59 Trillion.
Only $1 Trillion of Biden’s plan is dedicated to infrastructure.
Federal, state, and local leaders must ensure that the $1 Trillion goes directly to our infrastructure to shrink that $2.59 Trillion gap and that going forward, additional investments are made to the infrastructure that forms the foundation of our society and economy.