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ASCE says failure to invest in roads and bridges could mean $3 trillion hit to GDP

GasBuddy Blog -- The American Society of Civil Engineers has a stark warning for motorists and politicians: failing to invest enough into roads and bridges could mean a massive $3 trillion hit to gross domestic product by 2020.

ASCE’s Failure to Act economic report series shows the economic consequences of continued underinvestment in our nation’s infrastructure, and the economic gains that could be made by 2020 in terms of GDP, personal disposable income, exports, and jobs if we choose as a country to invest in our communities.

The culminating report was released on January 15, 2013 and presents an overall picture of the economic opportunity associated with infrastructure investment and the cost of failing to fill the investment gap.


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Submitted Jan 15, 2013 By: PD
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Author Topic: ASCE says failure to invest in roads and bridges could mean $3 trillion hit to GDP Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,017
Points:2,383,440
Joined:Nov 2008
Message Posted: Jan 19, 2013 12:09:49 AM

I have to ask... where is all the money that's supposed to be collected via gas taxes to help maintain the roads? Use it for that and there's no reason for infrastructure to be in such state of disrepair.
HawaiianGuy
Champion Author Idaho

Posts:12,716
Points:3,840,190
Joined:May 2003
Message Posted: Jan 17, 2013 7:11:57 AM

Hey, just hike taxes. Anyone who thinks Obama's "soak the rich" mentality is only for "them" is deceiving themselves. "Government big enough to give you everything is powerful enough to TAKE AWAY everything". In the end, WE will be the ones getting taken for a ride....not to mention our grandchildren.
SkooterG
Champion Author Phoenix

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Message Posted: Jan 17, 2013 3:17:26 AM

Yet another critical area where our government is failing us. We are Rome, and we are crumbling.
tutaw
Champion Author Kentucky

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Message Posted: Jan 16, 2013 4:07:25 PM

NOT GOOD
GryphonX
Champion Author Nevada

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Message Posted: Jan 16, 2013 3:40:26 PM

Good example - California should be ASHAMED of its roads ...
gaskater
Champion Author California

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Message Posted: Jan 16, 2013 3:30:31 PM

INVESTMENT???
Holly123
Champion Author Charlotte

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Message Posted: Jan 16, 2013 3:02:03 PM

ZzzzzzZ ....
hibsaw
Champion Author Mississippi

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Message Posted: Jan 16, 2013 2:42:09 PM

They should know.
pliskin
Champion Author Syracuse

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Message Posted: Jan 16, 2013 2:37:07 PM

This shouldn't come as a surprise to anyone!
goinwgas
Champion Author Oregon

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Message Posted: Jan 16, 2013 2:31:02 PM

no surprise
73amx
Champion Author Allentown

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Message Posted: Jan 16, 2013 2:30:33 PM

old news
pulpwood
Champion Author Mississippi

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Message Posted: Jan 16, 2013 2:28:30 PM

they have known this for years.
joezIN
Champion Author Gary

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Message Posted: Jan 16, 2013 2:27:57 PM

bad
Tralp
Champion Author North Carolina

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Message Posted: Jan 16, 2013 2:25:12 PM

ok
jnseyeongas
Champion Author Milwaukee

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Message Posted: Jan 16, 2013 2:23:51 PM

Like so many homes, the government takes money budgeted for one thing and diverts it to something else
Samo1961
Champion Author Los Angeles

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Message Posted: Jan 16, 2013 2:22:39 PM

I take 60 freeway in L.A. to work, and the condition of this freeway is probably no better than some third world country road, where in the name of God is all the tax money they collect on gas, what is happening to this country, where are our priorities??
tomok
Champion Author Portland

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Message Posted: Jan 16, 2013 2:22:23 PM

ASCE says failure to invest in roads and bridges could mean $3 trillion hit to GDP! It is much better to fix the roads and bridges as needed than to wait and have it cost more and more. It will provide much needed jobs that Sneeky cannot provide and faster travel for the motoring public and for the transportation of the nations goods and services.
Just make sure the fuel taxes that are collected are used for the repair or replacement of roads and bridges only and not placed in the state's general fund for other uses.
Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
XII/XXII/MMXII! - The Day After......
yonasb
Champion Author Houston

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Message Posted: Jan 16, 2013 2:22:09 PM

Wow that is huge
Canucktree
Champion Author Alberta

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Message Posted: Jan 16, 2013 2:21:38 PM

Aaag, it's only seven years away!
ricebike
Champion Author New Jersey

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Message Posted: Jan 16, 2013 2:20:23 PM

wow
flatrock14
Champion Author Michigan

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Message Posted: Jan 16, 2013 2:20:18 PM

not surprised
jppezz
Champion Author New Mexico

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Message Posted: Jan 16, 2013 2:20:02 PM

Obamanomics at work.
meg1561
Champion Author Columbus

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Message Posted: Jan 16, 2013 2:20:02 PM

Needed attention long ago.
macike
Champion Author South Dakota

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Message Posted: Jan 16, 2013 2:13:25 PM

I thought Obama already spent a trillion bucks on roads and bridges
rtw777
Champion Author Florida

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Message Posted: Jan 16, 2013 2:12:28 PM

Think about all the taxes on gas and tires and then wonder where all the money goes.
BeaconLite
Champion Author Ottawa

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Message Posted: Jan 16, 2013 2:11:23 PM

I agree with DeeLa.
scottriedel
Sophomore Author Tennessee

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Points:497,430
Joined:Dec 2011
Message Posted: Jan 16, 2013 2:10:37 PM

I have let little things go on my house, now I have a bundle to spend...same concept. Let's put the money where it was INTENDED to go when it was collected...
DeeLA
Champion Author Los Angeles

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Message Posted: Jan 16, 2013 2:09:54 PM

This is where gasoline taxes are supposed to be used.
MDTDriver
Champion Author California

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Message Posted: Jan 16, 2013 2:06:53 PM

Government funding to what the want to not what they should do.
peapaw
Champion Author Ohio

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Message Posted: Jan 16, 2013 2:06:19 PM

Sad.
TTM77
Champion Author Maryland

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Message Posted: Jan 16, 2013 2:06:07 PM

the money suppose to go into them is going elsewhere.
DanMtz
Champion Author Oakland

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Message Posted: Jan 16, 2013 2:00:08 PM

Can't pay for roads, too busy funding wars.
marsbars
Champion Author Alaska

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Message Posted: Jan 16, 2013 1:59:31 PM

Maybe the government should stop misappropriating funds and use what is supposed to be used for roads and bridges.
oldiesman
Champion Author New York

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Message Posted: Jan 16, 2013 1:57:27 PM

Country going to the dogs!
camaro_man
Champion Author Kitchener-Waterloo

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Message Posted: Jan 16, 2013 1:56:38 PM

time for new stories....
TRAIN RIDER
Champion Author San Bernardino

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Message Posted: Jan 16, 2013 1:55:59 PM

Old news.
BigBearHug
Champion Author Amarillo

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Message Posted: Jan 16, 2013 1:55:57 PM

good
fieldt
Champion Author Lansing

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Message Posted: Jan 16, 2013 1:55:50 PM

No self-interest in this study, eh?
Foxt
Champion Author Minnesota

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Message Posted: Jan 16, 2013 1:55:46 PM

Coservation, can't afford extra gas for fun and games, and new vehicles that use a lot less gas if any at all, mean they are collecting a lot less revenues for maintenence.
satrn38mpg
Champion Author Raleigh

Posts:8,170
Points:1,802,180
Joined:Sep 2009
Message Posted: Jan 16, 2013 1:55:27 PM

more of the same old story . put it off for a while (not)..
Kawibiker
Champion Author Illinois

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Joined:May 2012
Message Posted: Jan 16, 2013 1:53:52 PM

ok
fulldawg
Champion Author Georgia

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Joined:Jun 2004
Message Posted: Jan 16, 2013 1:53:14 PM

There is also a pressing need for tunnels
greenmiles
Rookie Author Chicago

Posts:3
Points:1,060
Joined:Jan 2013
Message Posted: Jan 16, 2013 1:51:49 PM

never ending projects.
ntass1
Champion Author Edmonton

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Joined:May 2011
Message Posted: Jan 16, 2013 1:50:05 PM

OLD NEWS
snarkysmarko
Champion Author Baltimore

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Message Posted: Jan 16, 2013 1:49:59 PM

or spend $4 trillion to fix the infratructure? hmmm...what a dilemma?
wang91554
Champion Author San Jose

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Joined:May 2009
Message Posted: Jan 16, 2013 1:49:16 PM

chronic problems don't have quick fixes
rick_evans
Champion Author Boston

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Joined:Aug 2005
Message Posted: Jan 16, 2013 1:48:52 PM

Pay now or pay more later.
boatmen
Champion Author New York

Posts:5,680
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Joined:Jan 2011
Message Posted: Jan 16, 2013 1:48:26 PM

Put Americans Back to work rebuilding infrastructure here in the USA. Instead of financing country's around the world infrastructure.
speedraider
Champion Author Orlando

Posts:6,904
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Message Posted: Jan 16, 2013 1:48:15 PM

never gonna work
rbrowdersr
Champion Author Detroit

Posts:6,492
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Message Posted: Jan 16, 2013 1:47:23 PM

Ongoing problem with no easy fix.
walkit1
Champion Author Memphis

Posts:4,038
Points:1,709,550
Joined:Jan 2007
Message Posted: Jan 16, 2013 1:46:54 PM

This warning is true. Road taxes are not but to good use in a lot of states.
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