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WASHINGTON — The fiscal crisis for states will persist long after the economy rebounds as they confront rising health care costs, underfunded pensions, ignored infrastructure needs, eroding revenues and expected federal budget cuts, according to a report issued here Tuesday by a task force of respected budget experts.
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With that mind-set, they went deeper and deeper into debt, underpaying employees and ignoring infrastructure and quality controls.
We have ignored our infrastructure crisis for too long.
Instead, we need to fix the bridges, transit systems and roads we already have -- especially those in low-income communities that have long been ignored in infrastructure spending.
Those leaders now — Representative Jim Pitts, Republican of Waxahachie, and Senator Tommy Williams, Republican of The Woodlands — say they have enough money to make some repairs to the current budget, and to take care of some long-ignored infrastructure needs as well.
"It's time to leave this vicious circle". He called reducing Peru's 50%-plus poverty rate an urgent task, vowed to improve the nation's long-ignored infrastructure and repeatedly emphasized responsibility and austerity -- a clear attempt to transcend his 1980s image, when his mercurial behavior had earned him the nickname "Caballo Loco," or Crazy Horse.
Infrastructure, long ignored, was given priority.
Investments in America's infrastructure are ignored while millions stay riveted to March Madness and American Idol.
Wilber Colmeraurer, managing director of private company Brazil Funding, which advises companies that wish to invest in Brazil, said that while the country was benefiting from increased transport spending ahead of the World Cup, the government was ignoring other vital infrastructure improvement needs.
"This is essentially people ignoring a basic infrastructure fact, which is things don't last forever".
"The needs are growing, but the traditional funding source has remained static and is projected to decline". Richard Cobb knows the cost of ignoring much-needed infrastructure repairs.
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