American roads, transit and schools get a D-plus
A report card from civil engineers says we're scarcely investing in essential infrastructure that's more than half a century old.
The American Society of Civil Engineers put out its annual infrastructure report card this week and the nation's scores resemble those of a high school kid who took three months off to go backpacking. We just wouldn't recommend taking that road trip anywhere in the United States, however, as its bridges may collapse underneath you and its roadways are too clogged to get you very far.
The only thing we seem to be doing well is disposing of solid waste, which earned us a B-minus. Our inability to maintain airports, bridges, dams, drinking water supplies, hazardous waste, waterways, parks, ports, schools, roads or mass transit earned us a solid D-plus. In worse news, it'll take roughly $3.6 trillion to get all of that up to snuff.
The report card's absolute reaming of American domestic spending is so thorough that our little hovel at MoneyNOW can scarcely contain it. We'll give you some of the lowlights instead.
Bridges: One out of every nine bridges you drive over is structurally deficient -- basically a decent hit from a tractor-trailer could bring it down. Those that aren't are an average of 42 years old. Fixing the problem by 2028 would cost $20.5 billion a year; right now we're spending $12.8 billion.
Roads: Despite spending $91 billion on streets and highways each year, 42% are congested. That burns through $101 billion in wasted time and fuel.
Schools: When the Baby Boomers share the fond memories of the schools they went to, nearly half of the buildings they're talking about were later used to educate their children and grandchildren as well. Public school enrollment is expected to increase through 2019, yet state and local school construction has been slashed in half since the recession to approximately $10 billion in 2012.
Public transit: One-third of Americans don't drive cars. That would be just fine, if 45% of American households didn't lack any access to transit. Meanwhile, areas with access to public transit have increased ridership 9.1%, but old and crumbling transit systems cost the U.S. economy $90 billion in 2010.
Inland waterways: What are those? Lawmakers don't seem to know, either, which is why much of the system barges use to carry goods across the country hasn't been updated since the Eisenhower administration. More than half of the locks are over 50 years old, service interruptions gum up the works 52 times a day and repair projects take decades to complete.
The basic takeaway is this: America was super awesome at building things it needed in the 1940s and 1950s, but has been loathe to change a light bulb or fix a floorboard on the place since. Good luck on that crawling commute down grandpa's highway -- just hope the bridge holds.
Maybe if we hadn't been at war for the last 10+ years.
Maybe if we didn't give corporate welfare to oil and drug companies.
Maybe if we didn't spend as much on our military, as the next 10 counties combined.
Maybe if we didn't give money to countries that don't like us.
Were I the professor grading the state of our infrastructure, we would all be repeating the course....a solid "F" is deserved. The citizens of this country are being fleeced on this front too. We've all paid far too much, for far too long and received next to nothing in return.
so 800 billion stimulus for shovel ready jobs, for roads and bridges, and 4.5 years later nothing has been done about it aparently.
thanks for nothing obama
"The basic takeaway is this: America was super awesome at building things it needed in the 1940s and 1950s, but has been loathe to change a light bulb or fix a floorboard on the place since. "
Throughout the recorded history of empires, a crumbling infrastructure has consistently signaled a negative trend that concludes with an end of empire status.
In Minnesota we totally stopped building new roads and fixing existing has crawled to nearly a stop.
The Rhinos and libs spend nearly every cent on trains nobody uses that run to where nobody wants to go or live. Any existing the roads the idiots spend millions painting on bike lanes for the toddler adults, further making driving a hassle.
Now most commute using side streets as freeways are parking lots.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 shed less than a point, ending the week higher by 1.3%, while the Dow Jones Industrial Average (+0.1%) cemented a 1.7% advance for the week. High-beta names underperformed, which weighed on the Nasdaq Composite (-0.3%) and the Russell 2000 (-1.3%).
Equity indices displayed strength in the early going with the S&P 500 tagging the 2,019 level during the opening 30 minutes of the action. However, ... More
More Market News
As geopolitical tensions threaten to spin out of control, investors are wondering how best to position their portfolios for the global turmoil.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'