you think you re saving money by cutting a corner, but you re actually making a bigger problem in the long run. now a new report by the american society of civil engineers warns that if we keep ignoring the problems with our roads and our bridges, we ll drag the american economy down by $3.1 trillion by 2020. we ll lose 877,000 jobs. already, shortcomings in our infrastructure cost us $129 billion last year. that is b-b-billion with a b, as in a mighty big number. we lost $32 billion just waiting around for the chance to go. say what you want about tax breaks for the rich. but if you re stuck in traffic, your mercedes is stuck right along next to my chevy. and heaven for bid that a bridge falls down, because we are all in this together. rich, poor, whatever.
sidewalks. the giant hydro electric dams. and it also costs money when you don t keep the stuff you ve got in good repair. now, the talk in washington this week is all about spending cuts. how we have all got to sacrifice or the economy will never survive. but there s also this danger of a pennywise and pound foolish. you think you re saving money by cutting a corner, but you re actually making a bigger problem in the long run. now a new report by the american society of civil engineers warns that if we keep ignoring the problems with our roads and our bridges, we ll drag the american economy down by $3.1 trillion by 2020. we ll lose 877,000 jobs. already, shortcomings in our infrastructure cost us $129 billion last year. that is b-b-billion with a b, as in a mighty big number.
the water mains and highways, the electric grids, the sidewalks. the giant hydro electric dams. and it also costs money when you don t keep the stuff you ve got in good repair. now, the talk in washington this week is all about spending cuts. how we have all got to sacrifice or the economy will never survive. but there s also this danger of a pennywise and pound foolish. you think you re saving money by cutting a corner, but you re actually making a bigger problem in the long run. now a new report by the american society of civil engineers warns that if we keep ignoring the problems with our roads and our bridges, we ll drag the american economy down by $3.1 trillion by 2020. we ll lose 877,000 jobs. already, shortcomings in our infrastructure cost us $129 billion last year. that is b-b-billion with a b, as
part one, line one of any growth strategy has to be dealing with the deficit and not put it off. he hopes to reduce it by $129 billion over 4 years and that s a severe challenge socially for nothing else. thursday, the bank of england will issue the decision on uk interest rates an markets will be watching that closely. joining us to talk about that and what else is store this week is chief market strategist asher flighty. let s look at central banks. i don t think we expect a change from the bank of england but do you think that the inflation threat is such that we have to change our calculations as to when interest rates will have to be tightened by the bank of england and also by the european central bank? yeah. to start with the european and central bank first, we don t think there s going to be an interest rate hike.
excuse me, $129 wait. let me get this straight. it is going to announce, it is $2.2 trillion which is down $129 billion from last year, but it is still high. and rapper t.i. will be in a courtroom and a judge will decide whether to revoke his probation for drug charges. and bill clinton will be campaigning in california for two democratic candidates, jerry brown and gaven newsome. california where we started from back in the 80 s, it was really tough for me and my family.