Thursday, July 8, 2021

Failure to Act : Economic Impacts of Status Quo Investment Across Infrastructure Systems American Society of Civil Engineers ASCE

 Using a number of tools, such as the the University of Maryland's Long-term Interindustry Forecasting Tool (LIFT), information from the Congressional Budget Office, the Department of Defense, and information from the Census, and other information, the ASCE forecasted the consequences of national inaction in infrastructure improvements. The timeframe for the study, a 20-year analysis, has as its baseline the annual report card that the ASCE publishes on 17 aspects of the United States infrastructure. The 17 areas of focus include Aviation, Bridges, Dams, Drinking Water, Energy, Hazardous Waste, Levees, Inland Waterways, Ports, Parks and Recreation, Rail, Roads, Schools, Solid Waste, Stormwater, Transit, and Wastewater. 

 "ASCE finds that with an increased investment of $281 billion a year — $5.48 more per household a day — the U.S. can eliminate this drag on the economy, protecting by 2039:

$10 trillion in GDP, nearly half of the annual U.S. GDP in 2019

More than $23 trillion in total output (primarily business sales)

More than 3 million jobs in 2039, two times the number of Walmart employees in the U.S.

More than $3,300 in a family’s annual disposable income each year from 2020 to 2039, which is over half of the average American’s household’s monthly expenditure of $5,102."



https://infrastructurereportcard.org/the-impact/failure-to-act-report/

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