America’s infrastructure is more than just a network of roads, bridges, tunnels, ports, railroads and airports connecting our towns, cities and states. It serves as a backbone of economic growth and preserves our safety, quality of life and prosperity. The United States has long been a global leader in innovation, transportation and smart fiscal policies, yet the infrastructure that keeps our country open for business is now far out of date.
According to the American Society of Civil Engineers, the current condition of our infrastructure earns a grade point average of D+, and there is an estimated $2 trillion funding gap to bring it to a state of good repair by 2025. While we have benefited from past centuries of building, neglect has befallen our once greatest achievements – in the 1930s, 4.2 percent of the country’s GDP was spent on infrastructure investment, but by 2016, that number fell to 1.5 percent. In other words, our nation’s infrastructure is crumbling, and we need real, sustainable investment – and we need it now.