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America has a $2 trillion backlog of infrastructure maintenance that must be undertaken sooner or later.
The tremendous backlog of infrastructure needs in the United States suggests that there is an important role for both public and private finance.
These so-called multiplier effects tend to be larger when, as now, there is a big backlog of infrastructure work that needs to be done and when there is little scope to stimulate activity through lower interest rates.
Because of the recent slowdown, Mr. Oberstar said, "there is a huge backlog of infrastructure projects that are ready to go" in three or four months, if additional money is made available.
The spending package will provide for rebuilding crumbling bridges, roads and schools by eliminating a backlog of infrastructure projects, Obama said.
The new president will face monumental problems that are distressingly real--a huge budget deficit, a worldwide financial meltdown, a distressed populace demanding action on jobs and health insurance, a nearly decade-long backlog of infrastructure projects, and a pair of intractable wars.
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More generally, as I keep saying, there's a $2 trillion backlog of necessary infrastructure repairs in America that needs to get taken care of sooner or later.
With New York's huge backlog of critical infrastructure needs, the city will be hard pressed to come up with adequate capital for the airports' continuing renewal programs.
California has a huge and growing backlog of transportation infrastructure repairs, from potholes and cracked asphalt to deteriorating bridges.
Republican lawmakers say state government inefficiency has allowed California's backlog of needed infrastructure repairs to grow despite taxpayers packing state coffers with more than $3 billion in new gas-tax dollars so far.
For example, Mr. Obama spoke of upgrading energy-wasting federal buildings, improving the electrical grid and eliminating a backlog of already-vetted infrastructure projects.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com