President Obama spent Labor Day talking to people in Milwaukee about getting Americans back to work, but he also made a few comments about his opponents in Washington.
Here is the fact sheet released by the White House on the President’s plan to bring back jobs.
FACT SHEET: Renewing and Expanding America’s Roads, Railways, and Runways
The President today laid out a bold vision for renewing and expanding our transportation infrastructure – in a plan that combines a long-term vision for the future with new investments. A significant portion of the new investments would be front-loaded in the first year.
This plan would build on the investments we have already made under the Recovery Act, create jobs for American workers to strengthen our economy now, and increase our nation’s growth and productivity in the future. At the same time, the plan would reform the way America currently invests in transportation, changing our focus to enhancing competition, innovation, performance, and real analysis that gets taxpayers the best bang for the buck, while moving away from the earmarks and formula debates of the past. In prior years, transportation infrastructure was an issue that both parties worked on together, and the Administration hopes the same can be true now.
Some of the tangible accomplishments of the President’s plan over the next six years include:
· ROADS: Rebuild 150,000 miles of roads – renewing our commitment to the backbone of our transportation system;
· RAILWAYS: Construct and maintain 4,000 miles of rail – enough to go coast-to-coast;
· RUNWAYS: Rehabilitate or reconstruct 150 miles of runway – while putting in place a NextGen system that will reduce travel time and delays.
The President’s plan would accomplish this through:
· An up-front investment. The President will work with Congress to enact a new up-front investment in our nation’s infrastructure – an investment that would help jump-start additional job creation, while also laying the foundation for future growth.
· A vision for the future. The President proposes to pair this with a long-term framework to reform and expand our nation’s investment in transportation infrastructure. To jumpstart job creation, this long-run policy front-loads – through a $50 billion up-front investment – a significant share of the new infrastructure resources. As with other long-run policies, the Administration is committed to working with Congress to fully pay for the plan.
The long-term framework includes meaningful reforms:
Ø The establishment of an Infrastructure Bank to leverage federal dollars and focus on investments of national and regional significance that often fall through the cracks in the current siloed transportation programs;
Ø The integration of high-speed rail on an equal footing into the surface transportation program to ensure a sustained and effective commitment to a national high speed rail system over the next generation;
Ø Streamlining, modernizing, and prioritizing surface transportation investments, consolidating more than 100 different programs and focusing on using performance measurement and “race-to-the-top” style competitive pressures to drive investment toward better policy outcomes.
Ø Expanding investments in areas like safety, environmental sustainability, economic competitiveness, and livability – helping to build communities where people have choices about how to travel, including options that reduce oil consumption, lower greenhouse gas emissions, and expand access to job opportunities and housing that’s affordable.
Specifically, the President proposes to make the initial up-front investment in the following areas:
· Roads. Our investments would be focused on modernizing the highway system’s critical assets while providing much-needed jobs.
· Rail. The Administration is also committed to expanding public transit systems and would dedicate significant new funding to the “New Starts” program – which supports locally planned, implemented, and operated major transit projects. In addition, the Administration is committed to building on its investments so far in high-speed rail – constructing a system that will increase convenience and productivity, while also reducing our nation’s dependence on oil and cutting down on pollution. The President’s plan would also invest in a long-overdue overhaul of Amtrak’s fleet.
· Runways & NextGen. The Administration proposes to invest in our nation’s airports by improving their runways and other equipment and facilities.
· Infrastructure Bank. The President proposes to fund a permanent infrastructure bank. This bank would leverage private and state and local capital to invest in projects that are most critical to our economic progress.
This is an abbreviated version of the plan you can find the entire plan posted on the White House website.