Economy 52,862 Posted March 12, 2018 Share Posted March 12, 2018 https://www.google.ca/amp/s/jalopnik.com/a-dilapidated-tunnel-could-derail-the-u-s-economy-and-1823515454/amp President Donald Trump wants nothing to do with a new rail tunnel between Manhattan and New Jersey, telling congressional leaders as recent as last week to refuse appropriating funding for the crucial project. That’s important because, as Bloomberg points out, failing to address the current, crumbling link could derail the national economy. Called the Gateway project, the $30 billion effort would construct a new tunnel into New York’s Penn Station to, as the Washington Post put it, “supplement two aging tubes that are at risk of failing in the coming years.” The Northeast accounts for 30 percent of all jobs in the U.S. and contributes $3 trillion annually to the U.S. economy. It’s home to 51 million people—one in 7 Americans—a figure expected to hit 58 million by 2040. The Northeast Corridor is its backbone. It’s the most heavily used passenger rail line in the U.S, both in ridership and service frequency. It extends 457 miles from Union Station in Washington to South Station in Boston, carrying more than 2,200 trains daily. On the high-speed Acela Express between those cities, more than 75 percent are business travelers—the biggest such population, by far, on any Amtrak line. In 2016 those 3.48 million riders spent $593.7 million on seats, for more than 25 percent of Amtrak’s ticket revenue. The project is widely considered to be among the most pressing and most expensive infrastructure needs in the country, and state and local leaders have long sought federal funding to jump-start work on it. But the Trump administration threw the project into doubt late last year by casting aside an agreement reached during the Obama administration that would have the federal government pick up half the project’s cost Link to post Share on other sites More sharing options...
Economy 52,862 Posted March 12, 2018 Author Share Posted March 12, 2018 I got a crazy idea... Take 20% of the $700 Billion a year military budget ($140 Billion savings a year) and apply it to infrastructure Over a period of 10 years you spend an extra $1.4 Trillion on infrastructure and fix ur infrastructure problems Just an idea, I know it sounds crazy Link to post Share on other sites More sharing options...
Retron 2,605 Posted March 12, 2018 Share Posted March 12, 2018 23 minutes ago, Economy said: I got a crazy idea... Take 20% of the $700 Billion a year military budget ($140 Billion savings a year) and apply it to infrastructure But see then we could only afford operate 14 aircraft carriers rather than 19, which would only put us ahead of the next closest country by [checks notes] 12 aircraft carriers. Listen, we need the capability to declare every capital of Europe and Asia a no-fly zone or any budget cuts are a no go. Link to post Share on other sites More sharing options...
rumours 45,521 Posted March 12, 2018 Share Posted March 12, 2018 30 minutes ago, Retron said: Listen, we need the capability to declare every capital of Europe and Asia a no-fly zone or any budget cuts are a no go This honestly ^^^^^^^^ I mean... we have to be ready just in case Norway, Ukraine, Japan, Canada, and Madagascar all declare war on the USA at the same time. Link to post Share on other sites More sharing options...
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