Our nation's ability to compete in the global economy relies heavily on the efficiency of our transportation infrastructure system. However, the U.S. is falling behind. According to McKinsey, the U.S. ranks 23rd worldwide in quality of infrastructure.
Countries, such as China, are outspending the U.S. in infrastructure spending. For example, China currently devotes 8-9 percent of GDP to infrastructure, while the U.S. is currently spending 2.4 percent of GDP. In order to maintain a dominant role in the global economy, we must make infrastructure a top priority. This makes sense when you consider that the U.S. Department of Transportation has estimated the overall cost of congestion at $200 billion per year. In addition, DOT reports that every $1 billion federally invested in highway capital supports nearly 35,000 American jobs.
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