Friday, April 13, 2012

Construction Industry Faces Yet Another Legislative Hit

In addition to putting on the hair shirt for GSA’s sins of excess in Las Vegas, the already reeling construction industry is expected to take the flogging for enduring federal fiscal irresponsibility.  The biggest casualty of the ongoing war of words between the Obama administration and House Budget Committee chairman Paul Ryan remains the unemployment strapped construction sector of the American economy.

While the fiscal 2013 legislative appropriations process is barely off the ground, the writing is already on the wall for American construction. Cuts of 36% in transportation construction spending, and 10% in water resources infrastructure spending are embedded in the House budget resolution. Failure of Congress to pass any long term reauthorization of the federal Highway Trust Fund for President Obama’s entire term is emblematic of the leadership vacuum in Washington, D.C.

Despite the loud professions of both political parties’ elected leaders that they want to reinvigorate the U. S. economy, it is very clear none of them has a single clue how to go about doing that.

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