Rep. DeLauro calls Obama’s infrastructure bank “very disappointing”

    May 5, 2010
    The White House version of a national infrastructure bank (I-Fund) is starting to draw criticism from members of Congress.

    Rep. Rosa DeLauro (D-Conn.) called the administration’s attempt to fund infrastructure “very disappointing” during an address to the Center for National Policy. The $4 billion I-Fund would be part of the U.S. DOT and focus a small amount of taxpayer money on transportation projects. DeLauro would like to see a national infrastructure bank run by an independent panel and funded by government money.

    The White House version of a national infrastructure bank (I-Fund) is starting to draw criticism from members of Congress.

    Rep. Rosa DeLauro (D-Conn.) called the administration’s attempt to fund infrastructure “very disappointing” during an address to the Center for National Policy. The $4 billion I-Fund would be part of the U.S. DOT and focus a small amount of taxpayer money on transportation projects. DeLauro would like to see a national infrastructure bank run by an independent panel and funded by government money.

    “If it’s true that civilizations are measured by the quality of their roads, then we soon face a reckoning,” DeLauro told the Center for National Policy.

    DeLauro did not think legislation for a national infrastructure bank would be passed this year, and believes the monstrous national debt could prevent her version from becoming a reality.

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