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Even with the New Debt Agreement, Investing in America's Transportation System Can Still Be a Budget Priority
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(69 seconds)
-- How Will You Use This Story? --
(OPEN):
NOW THAT AN AGREEMENT HAS BEEN SIGNED INTO LAW THAT AIMS TO CUT NEARLY
ONE-TRILLION DOLLARS FROM FEDERAL-SPENDING OVER THE NEXT 10
YEARS, OFFICIALS ARE TRYING TO DETERMINE WHAT AMERICA'S
BUDGET-PRIORITIES SHOULD BE. ACCORDING TO H-N-T-B HOLDINGS
PRESIDENT, PAUL YAROSSI [AS IN "ROSSI"], INVESTING IN
AMERICA'S TRANSPORTATION-SYSTEM CAN BE ONE OF THOSE PRIORITIES--BECAUSE
IT'S FUNDED BY USERS, AND WON'T INCREASE THE DEBT...
(YAROSSI):
"OUR COUNTRY
NEEDS A COORDINATED, STRATEGIC, AND TRULY NATIONAL INFRASTRUCTURE-PLAN
THAT COVERS ALL TYPES OF TRANSPORTATION--AND IT NEEDS TO BE EXPLAINED IN
A WAY THAT THE AMERICAN-PEOPLE CAN UNDERSTAND AND SUPPORT. THAT
PLAN HAS TO LEVERAGE BOTH PUBLIC-FINANCING AND PRIVATE-INVESTMENT.
IF WE DON'T FIND COMMON-GROUND, WE'LL CONTINUE TO LAG BEHIND OUR
COMPETITORS, SUCH AS CHINA AND INDIA--AND WE'LL FACE EVER-INCREASING
MUNICIPAL- AND INDIVIDUAL-DEBT, AS WE ATTEMPT TO PAY FOR
INFRASTRUCTURE-REPLACEMENTS WITH PIECEMEAL FUNDING-STRATEGIES.
SIMPLY, THE PUBLIC NEEDS TO KNOW WHAT IT'S BEING ASKED TO PAY FOR--AND
OUR LAWMAKERS NEED TO EMBRACE LONG-TERM, SUSTAINED INVESTMENT, AS A
MEANS TO ECONOMIC-VITALITY."
(CLOSE):
FOR MORE INFORMATION, VISIT
"H-N-T-B"-DOT-COM.
