This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

ASCE Report Card Shows U.S. Infrastructure Near Failing

" It's time to stop duct-taping this problem "

WASHINGTON, March 19, 2013 /PRNewswire-USNewswire/ -- The American Society of Civil Engineers (ASCE) released their 2013 Report Card for America's Infrastructure today, awarding the U.S. an overall grade of D+ on infrastructure.

(Logo: )

According to the report, U.S. roads, bridges, public transportation networks, water and sewage systems, school facilities, power grids, and other basic but essential public support assets have diminished to the point that a $3.6 trillion investment is needed to rescue our near-failing infrastructure systems by 2020.

"It's time to stop duct-taping this problem," said LIUNA General President Terry O'Sullivan. "Chronic underinvestment created the current crisis and continued failure to adequately invest in our nation's infrastructure needs only widens the gap and increases the final cost."

The ASCE report found that America's highways face a 42 percent congestion rate, costing the economy an estimated $101 billion annually in wasted time and fuel. Deficient and deteriorating transit systems drained $90 billion from the U.S. economy in 2010 alone. The cost of congestions and delays at our national airports was nearly $22 billion in 2012 and will rise to $34 billion by 2020 and $63 billion by 2040.

"We wouldn't want our kids to come home with a D+ and it's not acceptable for our country. It's time for Congress to put the duct tape away and put America back to work building a safe, efficient and effective U.S. infrastructure system that will pay dividends to our national economy and the American workforce for decades to come," said O'Sullivan.

The half-million members of LIUNA – the Laborers' International Union of North America – are on the forefront of the construction industry, a powerhouse of workers who are proud to build America.

SOURCE Laborers' International Union of North America

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,776.43 +304.06 1.85%
S&P 500 1,987.05 +35.69 1.83%
NASDAQ 4,781.2640 +73.4890 1.56%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs