Page 653 - Infrastructure Projects News Today

Magazines executive editor adam curbner. >> adam, congress is sitting at 10% approval rating. whats the first thing they should do? >> they should look to whats happening in the rest of america and while theres a great deal of innovation, stagnation and partisanship in washington, what weve found when we selected ten categories from exports and health care and energy and providing manufacturing and financing, infrastructure projects, we chose the ten categories where america still has some reall...

Was the president that helped build out the interstate highway system. weve got very low interest rates. we have about 13% unemployment in the construction industry. it is a no-brainer to launch a major infrastructure investment program. thats why its included in the presidents budget. its why its included in the democratic budgets in congress. but, again, our colleagues have refused to support those infrastructure investments. and this can only be, in my view, a pure partisan play because this ...

Repealed, are you? >> were going to keep at it and you know what? we have tax reform in there as well as a way to pay for this which is what americans are clamoring for. this is a moment, gregg, for americans to stand up and decide what they want. their senators and congressman in this nation need to hear from people in this country they want obamacare repealed and, you know as it is right now, there is not an infrastructure in this country that can hold obamacare. there is nothing in this natio...

So will it? lets ask stuart varney. good to see you. i was listening to that snippet from the president and that was a different message from four years ago when he was talking about the surplus plan and 800-some billion dollars of taxpayer money. >> the stimulus plan was $860 billion passed three and a half years ago, widely judged to be a failure. the presidents infrastructure plan this time around is $21 billion. thats a vastly scaled-down plan. $21 billion, that is really small. it suggests ...

This idea were going to run out. theres a real constraint. lets talk about $10 trillion coin. >> you cut her by 90%. >> so if we put that, obviously as stephanie put that out if we put it in the bank account theres no hyper inflation. where you would get a constraint the the government said lets spend $10 trillion on infrastructure projects. you have a real problem. theres not $10 trillion of real resources in the economy. you push this in the economy and get inflation and wages would surge, pri...

Help build roads and bridges and repair pot holes and the like and that lock box apparently isnt locked and i suspect there isnt a box, then it behooves you to make sure you find one before you commit more money to do just that, doesnt it? >> right. i think the other important point to remember, neil, the president when he gave his speech today in miami, he was talking as if this was going to have instant job creation by committing these funds. if you remember back in 2009 with all the shovel-re...

Country. so hes going to be talking about investing in infrastructure projects, he does it with this miami port, currently undergoing $2 billion in infrastructure upgrades, if you will. and that money coming from private and public investment. so the president going to be calling on congress to pass measures that will provide tax incentives for companies, international and here in the united states to invest in infrastructure projects, highway projects, hell renew calls for a $10 billion infrast...

>>brian: did the flight land? yes. >>gretchen: more pain at the pump could be headed your way. at least 11 states hiked gas taxes to fill gaping holes in their budgets thanks to infrastructure projects. >>steve: infrastructure? isnt that what the stimulus was supposed to cover for billions and billions of dollars? charles payne joining us right now wearing brand-new glasses and a sharp tie as well. good morning. >> good morning. >>steve: states are facing shortfalls. so where do they go? they go...

From new york. >> reporter: the portion from new york comes largely from new york state bonds and mta bonds. >> in 2016 when we swipe our card and ride the first train, its going to feel real good. >> new york and the feds investing billions in infrastructure. lets bring ken and michael back into the conversation. ken, you say infrastructure projects that give a positive rate of return should be funded, particularly in these tough low-interest times. how do you define huge projects and in an age...

130,000 jobs with an economic impact of almost $18 billion over the nine years of construction. >> new yorkers keep asking why does it take so long. it is normal. this is what it takes. >> reporter: all the while americans are footing the bill no matter where they live. >> second avenue right now, $1.3 billion comes from the federal government. the rest of $3.15 comes from new york. >> reporter: the portion from new york comes largely from new york state bonds and mta bonds. >> in 2016 when we s...