This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
TheStreet Open House

Administration's Infrastructure Plan Falls Short In Delivering Real Solutions

ARLINGTON, Va., April 10, 2013 /PRNewswire-USNewswire/ -- President Obama's budget fails to provide adequate detail and direction for how the country should pay for its infrastructure needs, American Trucking Associations leaders said today.

(Logo: http://photos.prnewswire.com/prnh/20100129/ATALOGO)

"The backbone of our economy is the asphalt, steel and concrete of our roads and bridges," ATA President and CEO Bill Graves said, "and proposals to fund those roads should be equally concrete. For five years, we've waited for President Obama to clearly state how we should pay for these critical needs and, I'm sad to say, we continue to get lip service about the importance of roads and bridges with no real roadmap to real funding solutions."

"A safe and efficient network of highways is critical not just to my business, but to all businesses in this country," said ATA Chairman Mike Card, president of Combined Transport, Central Point, Ore. "Trucking is willing to step up and pay more to ensure this country has the world-class highways it deserves, but until the President and congressional leaders advance a plan with real funding solutions, I worry about the continued deterioration of one of our nation's most critical competitive advantages."

ATA is and continues to be a strong, vocal advocate for increasing funding for roads, highways and bridges, but also for identifying efficient and effective sources of real revenue to do so.

"Accounting gimmicks and budget tricks only get you so far," Graves said, "sooner or later you need to take a hard look at the situation and decide that we're either going to invest in these things or we're not and if we are, that we need to generate more revenue than we do now. It's time to show us the money and where you intend to get it from.  Simply letting states borrow more is no substitute for increased federal investment."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,387.21 -291.49 -1.65%
S&P 500 2,029.55 -27.54 -1.34%
NASDAQ 4,681.4970 -90.2660 -1.89%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs