Due to Over Fifty Years Oo Deferred Maintenance, The Coast to Repair the United States Infrastructure is $6Tiillion — Biden’s Bipartisan Budget Proposal is $5 Trillion Below What is Needed!
Deferred maintenance is the practice of postponing maintenance activities such as repairs on both real property (i.e. I e) and personal property (i.e. machinery) in order to save costs, meet budget funding levels, or realign available budget monies. The failure to perform needed repairs could lead to asset deterioration and ultimately asset impairment.)
The need for such a bank was underscored yet again when the American Society of Civil Engineers issued its quadrennial Report Card for the United States and graded the nation’s overall infrastructure as a C-. ASCE estimated that the gap between what is currently funded and what is needed over the next 10 years has grown to $2.6 trillion. The country needs to spend nearly $6 trillion to bring the infrastructure to a state of good repair. Highlights of the Report Card include:
Growing wear and tear on the nation’s roads have left 43 percent of public roadways in poor or mediocre condition, a number that has remained stagnant over the past several years.
Currently, 42 percent of all bridges are at least 50-years old, and 46,154 are considered structurally deficient, meaning they are in “poor” condition, but still in use and waiting to collapse.
Biden’s proposed ‘bipartisan’ whittled down his infrastructure budget is $1 Trillion. It will hardly do anything. And differed maintenance will continue to corrode the infrastructure.
To Make Matters worse the current proposal is to make the people pay for the insufficient repairs caused by capitalism’s deferred maintenance policy!
Who is forced to pay is a clear example that the government of the United States is of the republicrate representatives, by, and for the 1%, a Capitalist Government! What we need is a government of , by, and for the 99%, a Workers Government! To begin this process we need to organize a political organziation, in opposition to the 1% that is of, by, and for the 99%, a mass Workers and or Socialist Party!
What we need is a government of , by, and for the 99%, a Workers Government! To begin this process we need to organize a political organziation, in opposition to the 1% that is of, by, and for the 99%, a mass Workers and or Socialist Party!