Need 3. 6 trillion in investment and thats in all a number that includes things other than transportation but we need 3. 6 trillion in investment by the time the decade is through in order to raise it to appropriate levels. Now thats an all in number as i said. The thing is our infrastructure deficit is only going to get worse without action. We cannot meet the needs of growing country and a growing economy by simply maintaining our current level of effort. We must do more. Over the next generation this will become even more apparent because the country will demand more of this Transportation System than it ever has. By 2050 the system will need to move up to 100 million new people and 14 billion additional tons of freight almost twice what we currently do. Even if Congress Today funded our Transportation System at recent levels we would still be on the same track towards slower , less safe nation where rushhour becomes a rush all afternoon. So what we need right now is to rally around
It is not realistically within the realm of possibility. This committee follow the murray ryan agreement and mark up at a trillion, 14 billion. That was the deal, and we will stick with the deal. The second issue that was raised is on the subject of entitlement reform. One of the reasons the mandatory programs are growing are because of the success of people who represent agencies at this table. Social security, people live longer. So we have more people than might have been anticipated by the actuaries in 1950 and 1960 when people died from heart attacks and so on instead of the challenges of chronic illness. One of the reasons that medicare is also an issue is because, again, people are living longer, and we need to manage the chronic illness. But there are paths forward to bend the curve, one of which is, again, from research. Much has been said about alzheimers. And, gosh, if we could crack that code, it would have a tremendous impact. So it all kind of goes hand in hand that, one,
Executive Infrastructure Club which brings together companies and key u. S. Decision makers at the federal and local levels who have informal roundtable discussions. It allows a dialogue in order for us to sort of share our best practice and Lessons Learned over time. And when i speak to my counter parts in the d. O. T. And those on the hill, its very clear that we have had the same challenges that were always very happy to share those experiences. So thank you very much for the opportunity to explain that. [applause] thank you so much. Nigel. Thank you very much. Good morning, ladies and gentlemen. And thank you very much to the organizers and sponsors of this weeks event for infrastructure week 2014. So im going to talk about p3. Im going to talk about p3 from a u. K. Perspective, from my involvement in the private sector so youve had heard from judith a lot of what im going to say is really going to echo what jude yitsdz has said from the private sectors point of view. What i would
And how putin deals with china might change his strategy. And the boss is watching you, surveillance on the job like never before. Ill tell you what you probably dont know about tracking while youre at work. And the booming film business. Im ai ali velshi, and this is real money. This is real money. You are the most important part of the show. Tweet us ali velshi or hit me up on facebook. Com ali velshi. Russian president Vladimir Putin admitted for the first time today that western sanctions on russian assets are hitting his economy hard. So far investors have pulled out 68 billion from the russian economy because of worries over the escalating crisis with ukraine. But the russian president may have room to breathe now. Earlier this week you may remember i told but a 400 billion 30year natural gas supply agreement that russia signed with china. Besides the boost it gives russian, you while russia slides into a recession. Missing from todays meeting is american businessmen. Theyre heed
Im ai ali velshi, and this is real money. This is real money. You are the most important part of the show. Tweet us ali velshi or hit me up on facebook. Com ali velshi. Russian president Vladimir Putin admitted for the first time today that western sanctions on russian assets are hitting his economy hard. So far investors have pulled out 68 billion from the russian economy because of worries over the escalating crisis with ukraine. But the russian president may have room to breathe now. Earlier this week you may remember i told but a 400 billion 30year natural gas supply agreement that russia signed with china. Besides the boost it gives russian, you while russia slides into a recession. Missing from todays meeting is american businessmen. Theyre heeding president obamas call to bo boycott becae of russias involvement in ukraine. Meanwhile, ukraine president ial elections will be held on sunday. Putin signaled that he would be willing to work with whomever is selected president in ukra