We have a major problem with infrastructure in the U.S.
It’s all in terrible, terrible shape—and only getting worse.
However, Congress will attempt to move forward with a new $760 billion plan to fund infrastructure investments over the next five years to fix those issues.
“The Democrats’ framework proposes $329 billion for roads and bridges, $55 billion for passenger rail, $30 billion for airport investments, $50.5 billion for wastewater infrastructure, $86 billion for expanding broadband access for rural areas, and $12 billion for a “next generation” 911 system for emergency calls,” reports The Hill.
U.S. Infrastructure Barely Passes Inspections
At the moment, the American Society of Civil Engineers’ (ASCE) 2017 Infrastructure report card grades the current state of everything from U.S. roads, airports, water systems and even bridges with a D+. We’ll be lucky if it gets better in the 2021 report.
Not only are we barely passing, we need $588 billion for roads, bridges, and dams.
Bridges are structurally deficient. According to the American Road and Transportation Association, nearly 56,000 bridges in the U.S. alone are in bad shape. More than 25% of current bridges are more than 50 years old.
More than 20% of major roads in the U.S. are in poor condition.
According to U.S News & World Report, “Our roads are getting worse by the day. The United States has set a new record for vehicle miles traveled, driving over 3.2 trillion miles in 2016, an increase of 70 billion miles from 2015. Congestion has been on the rise, and Americans waste incredible amounts of time sitting in traffic.”
If the U.S. government can get its house in order, and move forward with plans to fix ailing U.S. infrastructure, we could see a sizable boom in related stocks.
Stay tuned for more on this developing story from The Cheap Investor 2.0.
P.S. Former hedge fund manager slams Wall Street in viral video
One bold former hedge fund manager just went on camera to expose how Wall Street is failing American investors right now. He's boiled down what's happening in the markets to just two words. And he's urging people to take notice. You're not going to see the details of what he's predicting anywhere in the news, especially not from the big banks on Wall Street.