[Congressional Record Volume 158, Number 128 (Thursday, September 20, 2012)]
[House]
[Pages H6162-H6163]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
PORT INFRASTRUCTURE
(Mr. HIGGINS asked and was given permission to address the House for
1 minute.)
[[Page H6163]]
Mr. HIGGINS. Mr. Speaker, this week, The Washington Post reported
that unless America doubles its spending on port infrastructure, we are
on track for export losses of $270 billion by 2020 because our ports do
not have sufficient capacity. That translates into a $697 billion drop
in the American economy and a loss of 738,000 jobs.
But ports are not the only area where our anemic infrastructure
investment has become a drag on the American economy. We will lose
hundreds of billions of dollars of growth over the next 5 years because
of our inability to move goods and people efficiently.
Congress just passed a bill to spend $52 billion on roads and bridges
in this country, all we can afford according to some Members of
Congress. But somehow we found money to spend $150 billion rebuilding
the roads and bridges of Iraq and Afghanistan.
I have introduced a bill, a 5-year, $1.2 trillion investment in roads
and bridges, ports, and transit airports because it's time to do
nation-building right here at home.
____________________