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by klynn

Okay Then – Obama – With Dodd – Answer Via Reuters UK

11:17 am in Uncategorized by klynn

Okay then. Senator Dodd answered my curious questions about the reality of the Homeland Security Infrastructure Reinvestment Bank via Reuters UK:

WASHINGTON, Feb 9 (Reuters) – The United States Senate could pass a bill to found a national infrastructure bank in the next 12 months, said Democrat Chris Dodd, who chairs the Banking Committee, on Monday.

"President Obama co-sponsored our infrastructure bank legislation as a senator and endorsed the idea during his campaign. So, I’m hopeful to see action on the bill this year," Dodd said.

For more than a year bills to create a bank that would fund roads and capital works projects with a combination of seed money from the federal government and bond financing have sat in both houses of the U.S. Congress.

The idea has recently fallen to the shadows as Americans turn their attention to boosting infrastructure in the economic recovery bill the Senate will likely vote on Tuesday. But the Connecticut Senator said the bank, which would have an independent board to decide which projects receive backing, was still a viable idea.”

Even the investors are buzzing about it and starting to buy up related stocks. An investment consulting firm here in the US, CG/LA, had words of Read the rest of this entry →

by klynn

Modernize America’s Aging Infrastructure: A Homeland Security National Infrastructure Reinvestment Bank

10:06 am in Uncategorized by klynn

Here is some more information on the idea of a National Infrastructure Reinvestment bank that I wrote about here.

From the White House Agenda on Homeland Security:

"Build-in Security: Ensure that security is considered and built into the design of new infrastructure, so that our critical assets are protected from the start and more resilient to naturally-occurring and deliberate threats throughout their life-cycle.Create a National Infrastructure Reinvestment Bank: Address the infrastructure challenge by creating a National Infrastructure Reinvestment Bank of $60 billion over 10 years, to expand and enhance, not supplant, existing federal transportation investments. This independent entity will be directed to invest in our nation’s most challenging transportation infrastructure needs, without the influence of special interests. Invest in Critical Infrastructure Projects: Invest in our nation’s most pressing short and long-term infrastructure needs, including modernizing our electrical grid and upgrading our highway, rail, ports, water, and aviation infrastructure. Establish a Grid Modernization Commission to facilitate adoption of Smart Grid practices to improve efficiency and security of our electricity grid."

(My bold)

And more here at Homeland Security Digital Library Blog dated February 6, 2009.

And here is one of the best posts on Read the rest of this entry →

by klynn

No Drama Obama – Stimulus Bill Drama Spoiler

11:31 am in Uncategorized by klynn

This diary could be a “drama” spoiler… I will need your help. Stay with me here. The spoiler possibility: that the formation of a National Infrastructure Bank might be tucked into the Stimulus bill. This concept has received support across the political and development spectrum and was actually announced as part of President Obama’s policies during his campaign a year ago, on February 13, 2008.

“Here are Obama’s words on the subject delivered in Janesville, Wisconsin at a GM assembly plant:

For our economy, our safety, and our workers, we have to rebuild America. I’m proposing a National Infrastructure Reinvestment Bank that will invest $60 billion over ten years. This investment will multiply into almost half a trillion dollars of additional infrastructure spending and generate nearly two million new jobs — many of them in the construction industry that’s been hard hit by this housing crisis. The repairs will be determined not by politics, but by what will maximize our safety and homeland security; what will keep our environment clean and our economy strong. And we’ll fund this bank by ending Read the rest of this entry →

by klynn

Building National Capacity –The Power To Do – Or Not

1:54 pm in Uncategorized by klynn

Building National Capacity. What. Does. That. Mean? Boiled down, it is the power to do in order to sustain and protect.

We are in a crisis of needing to build our national capacity through economic stimulus. It is time to build our “power to do” to protect our democracy. Frank Luntz, a pollster, recently had an interesting opinion piece in the LA Times which addressed the stimulus bill, or more importantly, the most important part of the stimulus bill, infrastructure spending.

Building America’s Future, a bipartisan coalition of elected officials which is chaired by Pennsylvania Gov. Edward G. Rendell, California Gov. Arnold Schwarzenegger and New York Mayor Michael R. Bloomberg, formed to support infrastructure investment, hired Luntz to do some opinion polls on the economy. Luntz, a Republican pollster, found something out and is supporting the need of passage of President Obama’s stimulus package because:

“A near unanimous 94% of Americans are concerned about our nation’s infrastructure. And this concern cuts across all regions of the country and across urban, suburban and rural communities.
Fully 84% of the public wants more money spent by the federal government — and 83% wants more spent by state governments — to improve America’s infrastructure. And here’s Read the rest of this entry →