In the United States of America, we invest less than 1 percent of our GDP in transportation infrastructure. We rank 28th in the world among advanced nations. We rank 28th in the world. The greatest country in the world ranks 28th in the world. And it costs in every way.
– Vice President Joe Biden
The Vice President has been traveling across the country, making the case that we need to invest in American infrastructure. Since 2009, the Obama administration has improved over 350,000 miles of roads, more than 6,000 miles of rail, and repaired or replaced over 20,000 bridges. As the Vice President says, “These are long-term investments in the health, the might and the dynamism of this country.”
But right now, 65 percent of our major roads are still rated in less than good condition, and 25 percent of our bridges require significant repair.
The world is not waiting, and the U.S. is lagging behind other advanced countries when it comes to total transportation investment.
Take a look at this chart to see where the U.S. ranks when it comes to investment in our basic infrastructure:
Businesses locate where they can get product to and from the floor and off the floor as rapidly and cheaply as possible. Whether it’s expanding ports from Baltimore to Houston to accommodate larger ships or expanding railroads to carry twice as much cargo, investment in infrastructure supports American exports and, therefore, American jobs here at home.
But the U.S. ranks well behind countries like Russia, Germany, Serbia, and Estonia in our investment in our infrastructure network. This lack of funding impacts how America is viewed as a place to do business.
And the middle class is picking up the tab: For 90 percent of Americans, 1 in 7 dollars goes to transportation.
We cannot afford to ignore our public infrastructure. That is why President Obama and Vice President Biden continue to push for a multi-year transportation investment. Read more about the President’s vision for a 21st century transportation system here.
Because the United States should never be 28th in anything.