Not Logged In Log In   Sign Up   Points Leaders
Follow Us    2:56 AM

GasBuddy News Article

59
votes
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.


Read the Full Article

Submitted Jan 15, 2013 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
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
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,629
Points:2,162,365
Joined:Nov 2008
Message Posted: Jan 18, 2013 9:09:49 PM

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.
Profile Pic
HawaiianGuy
Champion Author Idaho

Posts:11,940
Points:3,619,495
Joined:May 2003
Message Posted: Jan 17, 2013 4:11:57 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.
Profile Pic
SkooterG
Champion Author Phoenix

Posts:3,062
Points:831,175
Joined:May 2012
Message Posted: Jan 17, 2013 12:17:26 AM

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

Posts:5,812
Points:1,379,570
Joined:Sep 2008
Message Posted: Jan 16, 2013 1:07:25 PM

NOT GOOD
Profile Pic
GryphonX
Champion Author Nevada

Posts:7,035
Points:2,025,125
Joined:Nov 2007
Message Posted: Jan 16, 2013 12:40:26 PM

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

Posts:7,590
Points:1,557,735
Joined:Jul 2008
Message Posted: Jan 16, 2013 12:30:31 PM

INVESTMENT???
Profile Pic
Holly123
Champion Author Charlotte

Posts:5,320
Points:1,323,035
Joined:Dec 2010
Message Posted: Jan 16, 2013 12:02:03 PM

ZzzzzzZ ....
Profile Pic
hibsaw
Champion Author Mississippi

Posts:10,491
Points:2,232,115
Joined:Feb 2008
Message Posted: Jan 16, 2013 11:42:09 AM

They should know.
Profile Pic
pliskin
Champion Author Syracuse

Posts:7,313
Points:2,188,755
Joined:Apr 2005
Message Posted: Jan 16, 2013 11:37:07 AM

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

Posts:3,186
Points:758,780
Joined:Jun 2012
Message Posted: Jan 16, 2013 11:31:02 AM

no surprise
Profile Pic
73amx
Champion Author Allentown

Posts:3,585
Points:1,008,170
Joined:Sep 2011
Message Posted: Jan 16, 2013 11:30:33 AM

old news
Profile Pic
pulpwood
Champion Author Mississippi

Posts:7,394
Points:1,867,880
Joined:Sep 2006
Message Posted: Jan 16, 2013 11:28:30 AM

they have known this for years.
Profile Pic
joezIN
Champion Author Gary

Posts:3,556
Points:780,735
Joined:May 2011
Message Posted: Jan 16, 2013 11:27:57 AM

bad
Profile Pic
Tralp
Champion Author North Carolina

Posts:3,187
Points:738,495
Joined:Oct 2012
Message Posted: Jan 16, 2013 11:25:12 AM

ok
Profile Pic
jnseyeongas
Champion Author Milwaukee

Posts:2,566
Points:1,036,390
Joined:Feb 2011
Message Posted: Jan 16, 2013 11:23:51 AM

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

Posts:3,651
Points:1,159,375
Joined:Feb 2011
Message Posted: Jan 16, 2013 11:22:39 AM

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??
Profile Pic
tomok
Champion Author Portland

Posts:43,070
Points:2,898,010
Joined:Aug 2006
Message Posted: Jan 16, 2013 11:22:23 AM

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......
Profile Pic
yonasb
Champion Author Houston

Posts:3,463
Points:852,575
Joined:Apr 2011
Message Posted: Jan 16, 2013 11:22:09 AM

Wow that is huge
Profile Pic
Canucktree
Champion Author Alberta

Posts:6,807
Points:1,502,875
Joined:Dec 2008
Message Posted: Jan 16, 2013 11:21:38 AM

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

Posts:12,151
Points:2,321,690
Joined:Oct 2005
Message Posted: Jan 16, 2013 11:20:23 AM

wow
Profile Pic
flatrock14
Champion Author Michigan

Posts:4,417
Points:1,295,425
Joined:Oct 2010
Message Posted: Jan 16, 2013 11:20:18 AM

not surprised
Profile Pic
jppezz
Champion Author New Mexico

Posts:10,987
Points:2,240,615
Joined:Jun 2008
Message Posted: Jan 16, 2013 11:20:02 AM

Obamanomics at work.
Profile Pic
meg1561
Champion Author Columbus

Posts:1,038
Points:167,305
Joined:Jul 2011
Message Posted: Jan 16, 2013 11:20:02 AM

Needed attention long ago.
Profile Pic
macike
Champion Author South Dakota

Posts:2,600
Points:686,805
Joined:Feb 2012
Message Posted: Jan 16, 2013 11:13:25 AM

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

Posts:11,815
Points:2,392,045
Joined:Jan 2008
Message Posted: Jan 16, 2013 11:12:28 AM

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

Posts:4,858
Points:898,770
Joined:Sep 2009
Message Posted: Jan 16, 2013 11:11:23 AM

I agree with DeeLa.
Profile Pic
scottriedel
Sophomore Author Tennessee

Posts:202
Points:495,230
Joined:Dec 2011
Message Posted: Jan 16, 2013 11:10:37 AM

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...
Profile Pic
DeeLA
Champion Author Los Angeles

Posts:7,150
Points:1,903,590
Joined:Nov 2008
Message Posted: Jan 16, 2013 11:09:54 AM

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

Posts:11,702
Points:2,688,700
Joined:Jul 2006
Message Posted: Jan 16, 2013 11:06:53 AM

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

Posts:6,541
Points:1,236,595
Joined:Jun 2011
Message Posted: Jan 16, 2013 11:06:19 AM

Sad.
Profile Pic
TTM77
Champion Author Maryland

Posts:2,540
Points:1,356,125
Joined:Apr 2005
Message Posted: Jan 16, 2013 11:06:07 AM

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

Posts:5,783
Points:1,793,840
Joined:Oct 2009
Message Posted: Jan 16, 2013 11:00:08 AM

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

Posts:3,571
Points:1,406,020
Joined:Sep 2006
Message Posted: Jan 16, 2013 10:59:31 AM

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

Posts:8,691
Points:2,712,695
Joined:May 2006
Message Posted: Jan 16, 2013 10:57:27 AM

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

Posts:4,670
Points:1,160,830
Joined:Jun 2010
Message Posted: Jan 16, 2013 10:56:38 AM

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

Posts:11,485
Points:3,303,875
Joined:Oct 2004
Message Posted: Jan 16, 2013 10:55:59 AM

Old news.
Profile Pic
BigBearHug
Champion Author Amarillo

Posts:4,615
Points:1,030,485
Joined:Dec 2011
Message Posted: Jan 16, 2013 10:55:57 AM

good
Profile Pic
fieldt
Champion Author Lansing

Posts:5,797
Points:1,256,735
Joined:Mar 2011
Message Posted: Jan 16, 2013 10:55:50 AM

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

Posts:7,638
Points:2,565,730
Joined:Jul 2006
Message Posted: Jan 16, 2013 10:55:46 AM

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.
Profile Pic
satrn38mpg
Champion Author Raleigh

Posts:7,379
Points:1,580,430
Joined:Sep 2009
Message Posted: Jan 16, 2013 10:55:27 AM

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

Posts:1,924
Points:363,835
Joined:May 2012
Message Posted: Jan 16, 2013 10:53:52 AM

ok
Profile Pic
fulldawg
Champion Author Georgia

Posts:7,125
Points:952,525
Joined:Jun 2004
Message Posted: Jan 16, 2013 10:53:14 AM

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

Posts:3
Points:1,060
Joined:Jan 2013
Message Posted: Jan 16, 2013 10:51:49 AM

never ending projects.
Profile Pic
ntass1
Champion Author Edmonton

Posts:6,224
Points:1,278,280
Joined:May 2011
Message Posted: Jan 16, 2013 10:50:05 AM

OLD NEWS
Profile Pic
snarkysmarko
Champion Author Baltimore

Posts:4,129
Points:1,034,460
Joined:Nov 2010
Message Posted: Jan 16, 2013 10:49:59 AM

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

Posts:5,518
Points:1,738,720
Joined:May 2009
Message Posted: Jan 16, 2013 10:49:16 AM

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

Posts:6,284
Points:1,575,245
Joined:Aug 2005
Message Posted: Jan 16, 2013 10:48:52 AM

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

Posts:5,057
Points:1,090,820
Joined:Jan 2011
Message Posted: Jan 16, 2013 10:48:26 AM

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

Posts:6,107
Points:2,195,425
Joined:Nov 2005
Message Posted: Jan 16, 2013 10:48:15 AM

never gonna work
Profile Pic
rbrowdersr
Champion Author Detroit

Posts:6,488
Points:2,189,250
Joined:Aug 2006
Message Posted: Jan 16, 2013 10:47:23 AM

Ongoing problem with no easy fix.
Post a reply Back to Topics