[Congressional Record Volume 161, Number 74 (Thursday, May 14, 2015)]
[House]
[Page H2969]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
IT IS TIME TO INVEST IN OUR INFRASTRUCTURE
(Mr. HIGGINS asked and was given permission to address the House for
1 minute.)
Mr. HIGGINS. Mr. Speaker, every year, our economy loses $33 billion
to air traffic delays, $121 billion to highway congestion, and $200
billion to freight bottlenecks. Unless we increase spending on
waterways, America will lose $270 billion in exports over the next 5
years.
According to the Chamber of Commerce, our declining infrastructure
costs $1 trillion a year in lost economic growth. Ignoring these facts
is economically irrational and governmentally negligent, but that is
exactly what Congress has done.
We just spent $50 billion on our roads and bridges and transit, and
only 8 percent, or $46 billion, in 2009 economic stimulus went to
infrastructure; yet we spent over $150 billion rebuilding the
infrastructure of Iraq and Afghanistan.
The American Society of Civil Engineers has identified an enormous
deficit between the projected spending and what is needed to bring our
infrastructure to a state of good repair.
Today, I introduced the Nation Building Here at Home Act to close
this gap. It is time for Congress to make the investments we need and
reject the pathetically weak policies that we can no longer afford.
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