Can infrastructure spending turn the economy around?
A number of current and former politicians argued that long-delayed road, transit and water system projects can generate jobs and give a jolt to the economy.
Speaking at the annual Emerging Issues Forum in Raleigh, former Gov. Jim Hunt said the state can do "big and bold things that can last a long time."
Less than 8 percent of the Senate's $827 billion stimulus package is directed at infrastructure, while about 11 percent of the House's $820 billion version is for public construction needs.
That would boost the $1.1 trillion in U.S. infrastructure spending each year, but it's a fraction of the $2.2 trillion in needs over the next five years, according to a report by the American Society of Civil Engineers.
"Our infrastructure system's parts are not serving their intended purposes," said ASCE President Wayne Klotz. (AP)




Re: Pols see infrastructure as key
Federal Agencies are controlled by the President through appointments, hiring and whatnot. Thus when an executive order of this manner is stated, then it is logical to state my affect, thus why the trade organization has expressed their concern.