Wednesday
Oct292008
House Committee discusses investing in infrastructure and transportation to boost economy
Wednesday, October 29, 2008 at 4:08PM
The House Committee on Transportation and Infrastructure discussed how funding for transportation and infrastructure might stimulate the economy.
Infrastructure investments create benefits that radiate throughout the economy, said Chairman James Oberstar (D-Minn.). The committee pointed out that transportation and infrastructure projects create thousands of jobs domestically and also immediate benefit small businesses, local and state governments.
We have several public transit projects that are “ready-to-go,” said Congressman John Mica (R-Fla.). The discussion centered on creating a stimulus package to fund transportation projects around the country that would begin construction in 90 to 120 days.
John Irons, research and policy director of the Economic Policy Institute, testified that “the investments would go...beyond the construction industry, they would impact a wide range of industries across the country and across industries.”
Infrastructure investments create benefits that radiate throughout the economy, said Chairman James Oberstar (D-Minn.). The committee pointed out that transportation and infrastructure projects create thousands of jobs domestically and also immediate benefit small businesses, local and state governments.
We have several public transit projects that are “ready-to-go,” said Congressman John Mica (R-Fla.). The discussion centered on creating a stimulus package to fund transportation projects around the country that would begin construction in 90 to 120 days.
John Irons, research and policy director of the Economic Policy Institute, testified that “the investments would go...beyond the construction industry, they would impact a wide range of industries across the country and across industries.”
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