1: inherency

America’s transportation infrastructure is decaying—NIB is key to revitalization

Hale 10/31(Marcia Hale is president of Building America’s Future, a national and bipartisan coalition dedicated to smart infrastructure investment and reform. ‘Our Infrastructure needs Investment’ http://www.politico.com/news/stories/1012/83114.html?hp=r5)
With the devastation brought about by Hurricane Sandy,
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Which would you choose?

America’s TI kills the economy and people—Nib solves


Guilford 1-18-13(Gwynn Guilford.worked for former Wall Street Journal bureau chief, studied and covered economics in China. “The US stands to lose $3.1 trillion in growth without infrastructure spending,”http://qz.com/45073/the-us-stands-to-lose-3-1-trillion-in-growth-without-infrastructure-spending.1-18-13)

Unless the US invests an additional $1.57 billion per year in infrastructure
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which caused $7 billion to $10 billion in economic losses.

Thus the plan: The United States federal government should substantially increase its investment in transportation infrastructure via a National Infrastructure Bank.

2: Econ

Scenario 1 is stimulus


Public investments in infrastructure leads to an economic recovery - leads to private investment and economic growth


Stiglitz 12 (University Professor at Columbia University, and a Nobel laureate in Economics) 2012

(Joseph E. Stiglitz, “Stimulating the Economy in an Era of Debt and Deficit”, The Economists’ Voice Journal, March 2012)

Any diagnosis of the current economic situation should focus on the fact that the shortfall
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will decline and that future incomes will rise as a result of these measures.

NIB boosts employment and jumpstarts immediate growth


Zakaria 11-PhD in Political Science @ Harvard (6/13/2011, Fareed, “Zakaria: U.S. needs an infrastructure bank,” http://globalpublicsquare.blogs.cnn.com/2011/06/13/zakaria-u-s-needs-an-infrastructure-bank/)
President Obama has proposed a number of specific policies to tackle the jobs crisis,
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That moment of bipartisanship might actually be the biggest payoff of all.

Jobs are critical to revitalizing the economy

Tyson 11-Professor @ the Haas School of Business of UC-Berkeley, PhD in Economics @ MIT, BA Summa Cum Laude in Economics @ Smith College, former Chair of the US President’s Council of Economic Advisers, served as the Director of the National Economic Council [Laura, The Washington Post, “What it will take for President Obama and big business to bring back American jobs,” 9/18/2011)http://www.washingtonpost.com/national/on-leadership/for-president-obama-and-american-business-fixing-the-us-jobs-deficit/2011/08/18/gIQAhW8ZNJ_story.html,0
The immediate crisis confronting the U.S. economy is the jobs deficit
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create tens of thousands of good-paying jobs in the next few years.

Economic decline leads to war


Royal 10 — Jedidiah Royal, Director of Cooperative Threat Reduction at the U.S. Department of Defense, M.Phil. Candidate at the University of New South Wales, 2010 (“Economic Integration, Economic Signalling and the Problem of Economic Crises,” Economics of War and Peace: Economic, Legal and Political Perspectives, Edited by Ben Goldsmith and Jurgen Brauer, Published by Emerald Group Publishing, ISBN 0857240048, p. 213-215

Less intuitive is how periods of economic decline may increase the likelihood of external conflict.
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As such, the view presented here should be considered ancillary to those views.

The US economy is key to the world economy


Caploe 9—Ph.D., International Political Economy, Princeton University, M.A., Politics, Princeton University, Honors A.B., Social Theory, Harvard University (David, Focus still on America to lead global recovery, 7 April 2009, http://www.straitstimes.com/vgn-ext-templating/v/index.jsp?vgnextoid=908c318314c70210VgnVCM100000430a0a0aRCRD&vgnextchannel=0162758920e39010VgnVCM1000000a35010aRCRD, )


IN THE aftermath of the G-20 summit, most observers seem to have missed perhaps the most crucial statement of the entire event,
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even though other countries must certainly help. This crisis began in the US - and it is going to have to be solved there too

Scenario 2 is Fiscal Discipline


Declining transportation infrastructure is undermining the foundation of the U.S. economy


Donohue, 11 (President and chief executive officer of the US Chamber of Commerce (9/8/2011, Thomas J., Christian Science Monitor, “The highway to jobs - via better infrastructure,” Factiva)

As Obama and Congress talk jobs, here's an appeal from the US Chamber of Commerce
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If anyone is up to the challenge, we are.

Uncertainty holds back federal infrastructure projects – NIB solves


Tyson et al. 10-* Professor @ the Haas School of Business of UC-Berkeley, PhD in Economics @ MIT, former Chair of the US President’s Council of Economic Advisers, served as the Director of the National Economic Council, Phillips, former President of Oracle, MBA @ Hampton University, member of the Economic Recovery Advisory Board, *Wolf, CEO and Chairman of UBS Americas, member of the Economic Recovery Advisor Board, BS in Economics @ Wharton [Laura, Charles, Robert, The Wall Street Journal, “The U.S. Needs and Infrastructure Bank,” January 15, 2010, http://online.wsj.com/article/SB10001424052748704586504574654682516084584.html]

We believe that the NIB should be structured as a wholly owned government entity to keep borrowing costs low,
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Whatever the amount of initial funding, we think it's important to establish the bank now and then justify its continued funding based on its performance and investment returns.

Discretionary spending programs solve fiscal restraint


Kin 2008 (George, Edwin S. Cohen Distinguished Professor of Law and Taxation and Class of 1966 Research Professor, University of Virginia, “Temporary-Effect Legislation, Political Accountability, and Fiscal Restraint,” http://law.bepress.com/cgi/viewcontent.cgi?article=1154&context=uvalwps&sei-redir=1&referer=http%3A%2F%2Fscholar.google.com%2Fscholar%3Fq%3Duse%2Bof%2B%2522temporary%2Blegislation%2522%2Bin%2Bpublic%2Btransportation%2Bfunding%26btnG%3D%26hl%3Den%26as_sdt%3D0%252C33#search=%22use%20temporary%20legislation%20public%20transportation%20funding%22)

The privileged treatment in the legislative process of both mandatory spending programs and tax expenditures points to one change that might help to forestall the predicted fiscal meltdown
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This position is precisely the opposite of the one taken in this article.

Scenario 3 is State Budgets

States are currently facing budget crises, which are forcing them to cut critical programs – federal action is key to solve

McNichol et al 12Elizabeth McNichol- M.A. in Political Science University of Chicago. Senior Fellow specializing in state fiscal issues including methods of examining state budget processes and long-term structural reform of state budget and tax systems, served as Assistant Research Director of the Service Employees International Union in Washington, D.C. was a staff member of the Joint Finance Committee for the State of Wisconsin Legislature specializing in property taxes and state aid to local governments, AND* Nicholas Johnson- graduate degree from Duke University's Terry Sanford Institute of Public Policy, Director of the State Fiscal Project, which works to develop strategies for long-term structural reform of state budget and tax systems, encourage low-income tax relief, and improve the way states prioritize funding, received the Ian Axford Fellowship in Public Policy, a program financed by the New Zealand government and administered by Fulbright New Zealand. Through this fellowship, he spent six months as an advisor to the New Zealand Treasury and the New Zealand Ministry of Social Development; AND* Phil Oliff - Policy Analyst with the State Fiscal Project; Masters degree in Public Policy from Harvard University’s John F. Kennedy School of Government (Elizabeth, Nicholas Johnson, Phil Oliff, “ States Continue to Feel Recession’s Impact “, March 21, http://www.cbpp.org/cms/index.cfm?fa=view&id=711)

In states facing budget gaps, the consequences are severe in many
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increase state taxes and fees, and thus slow economic recovery even further than is already likely to occur

NIB best to solve for state budgets

Tyson et al. 10-* Professor @ the Haas School of Business of UC-Berkeley, PhD in Economics @ MIT, former Chair of the US President’s Council of Economic Advisers, served as the Director of the National Economic Council, Phillips, former President of Oracle, MBA @ Hampton University, member of the Economic Recovery Advisory Board, *Wolf, CEO and Chairman of UBS Americas, member of the Economic Recovery Advisor Board, BS in Economics @ Wharton [Laura, Charles, Robert, The Wall Street Journal, “The U.S. Needs and Infrastructure Bank,” January 15, 2010, http://online.wsj.com/article/SB10001424052748704586504574654682516084584.html]

Our nation's investment in its physical infrastructure is far below what is necessary to meet its needs
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A national infrastructure bank could fill the gap.


3: Competitiveness

Declining transportation infrastructure is decking U.S. competitiveness and hegemony

AGC, 11(5/19/2011, The Associated General Contractors of America, “THE CASE FOR INFRASTRUCTURE & REFORM: Why and How the Federal Government Should Continue to Fund Vital Infrastructure in the New Age of Public Austerity,” http://www.agc.org/galleries/news/Case-for-Infrastructure-Reform.pdf, JMP)

It also is important to note that the federal programs for investing in highway and transit projects has traditionally been self-funded.
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– financing help to operators so they can meet those standards

Federal leadership key to reverse decline in competitiveness


Buchanan, 9--- Associate Professor at The George Washington University Law School, and a former economics professor (11/19/09, Neil H., “Why the U.S. Government Must Invest in Infrastructure Now, Or Pay A Steep Cost,” http://writ.news.findlaw.com/buchanan/20091119.html, JMP)

Recently, I returned from a trip to Austria, Spain, England, and Scotland. By coincidence
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over the years, come to care less and less about the United States.

This also wrecks U.S. global economic leadership


Alessi, 11(9/8/2011, Christopher, “Banking on U.S. Infrastructure Revival,” http://www.cfr.org/economics/banking-us-infrastructure-revival/p25782, JMP)

U.S. President Barack Obama is expected to propose an employment stimulus package
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a senior fellow at New York University's Institute for Public Knowledge, in a July 12 New York Times op-ed.

U.S. economic supremacy prevents several scenarios for nuclear war


Freidberg & Schonfeld, 8--- *Professor of Politics and IR at Princeton’s Woodrow Wilson School, AND **senior editor of Commentary and a visiting scholar at the Witherspoon Institute in Princeton (10/21/2008, Aaron and Gabriel, “The Dangers of a Diminished America”, Wall Street Journal, http://online.wsj.com/article/SB122455074012352571.html?mod=googlenews_wsj)

With the global financial system in serious trouble,
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The choice we have before us is between the potentially disastrous effects of disengagement and the stiff price tag of continued American leadership.

Boosting economic competitiveness is vital to preventing military retrenchment – risks great power wars

Khalilzad, ’11 – Bush’s ambassador to Afghanistan, Iraq, and the UN and former director policy planning at the DOD (Zalmay, “The Economy and National Security”, National Review, 2-8-11, http://www.nationalreview.com/articles/259024/economy-and-national-security-zalmay-khalilzad)

Today, economic and fiscal trends pose the most severe long-term threat to the United States’ position as global leader.
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, dangerous era of multi-polarity.

Market competition prevents conflict through information

Gartzke 7- PhD- associate professor of political science at UC San Diego (Erik, “The Capitalist Peace,” 1/5/07, http://dss.ucsd.edu/~egartzke/publications/gartzke_ajps_07.pdf)

While policy differences or resource competition can generate conflict,
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Conversely, a globalized initiator can signal but has little incentive to hamper its own markets when a non integrated target does not suffer

4: Steel
Declining transportation infrastructure is ruining manufacturing—Smart investment is key.
Chamber of Commerce 8(US chamber of congress report from April 2008 “the transportation challenge, moving the us economy” http://www.uschamber.com/sites/default/files/reports/0804trans_challenge_summary.pdf)//Molu

In the manufacturing and retail sectors,
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invest in the U.S. transportation system to combat congestion and connectivity problems.

Steel industry is falling---NIB is critical

Robertson 10 – Pittsburgh Bureau chief at American Metal Market (Scott Robertson, “Obama infrastructure plan a first step, but short of needs: steel”, American Metal Market, 9/10/10, General OneFile
PITTSBURGH -- Steel industry players said President Obama's planned $50-billion investment
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It's something we see as critical to the (success and growth of) the economy."

Naval power solves great power war

Conway et al 7 [James T., General, U.S. Marine Corps, Gary Roughead, Admiral, U.S. Navy, Thad W. Allen, Admiral, U.S. Coast Guard, “A Cooperative Strategy for 21st Century Seapower,” October, http://www.navy.mil/maritime/MaritimeStrategy.pdf]

Deter major power war
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and power projection enable extended campaigns ashore.

Naval power is critical to effective BMD---solves all nuclear war scenarios

Vego 8 — professor of operations at the Naval War College, former commanding officer in the former Yugoslav Navy and former West German merchant marine (Milan N., “On Naval Power”, Joint Forces Quarterly, July 2008, http://www.ndu.edu/press/lib/pdf/jfq-50/JFQ-50.pdf, Deech)

Operations in time of peace encompass routine activities,
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There is also a possibility that weapons of mass destruction (WMD) could be used as terrorist weapons.



U.S economy fails without manufacturing Baker ’9 (Dean Baker, co-director of the Center for Economic and Policy Research, Ph.D. in economics from the university of Michigan,” Our Economy Fails Without Manufacturing” http://www.cepr.net/index.php/op-eds-&-columns/op-eds-&-columns/our-economy-fails-without-manufacturing march 2009)//molu


In short,the idea that the United States can survive without manufacturing is implausible:
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manufacturing sector is an equally absurd proposition
5: Solvency

NIB results in more critical review processes to guarantee net profit, results in more private investment and enhances competitiveness that cannot be achieved by a state run bank


Thomasson 11 (Testimony of Scott Thomasson Progressive Policy Institute—published October 12, 2011—congressional testimony—Scott Thomasson is the director of the Progressive Policy Institute’s economic and domestic policies—The PPI is a D.C. based think tank founded in 1989 that has a long legacy of promoting break-the-mold ideas relating to economic growth, national security and policy innovation.

http://www.scribd.com/doc/92300621/Congressional-Testimony-National-Infrastructure-Bank-Separating-Myths-from-Realities /

There are also advantages a national bank could offer to state infrastructure banks to expand their investment options
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projects that will generate economic benefits and enhance competitiveness at a national or regional level
The NIB would revive business investment and spending, creating jobs, reduce unemployment, and prevent the oncoming recession
Christopher Alessi 2011, 9/8/11, Associate writer for the Council of Foreign Relations, “Banking on U.S. Infrastructure Revival”, http://www.cfr.org/economics/banking-us-infrastructure-revival/p25782

U.S. President Barack Obama is expected to propose an employment stimulus package worth over $300 billion
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Senate Republican leader Mitch McConnell says more government spending (NYT) would only strangle already-anemic economic growth.

Infrastructure investment generates both jobs and economic activity

Jerry Costello 2011, 3/14/11, U.S. Representative (Illinois) Senior Member of House of Transportation and Infrastructure Committee, “Infrastructure investment is key to economic recovery”, http://thehill.com/blogs/congress-blog/economy-a-budget/149389-infrastructure-investment-is-key-to-economic-recovery

Our nation is coming out of the worst economic recession since the Great Depression,
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I am convinced that any policy differences can be resolved with bipartisan cooperation.

A national bank will overcome failures endemic to the current system of funding transportation infrastructure --- lack of cooperation and insufficient resources make federal action necessary for large-scale projects


McConaghy & Kessler, 11

(Director of the Third Way Economic Program, AND **Vice President for Policy at Third Way (January 2011, Ryan McConaghy and Jim Kessler, “A National Infrastructure Bank,” http://www.bernardlschwartz.com/political-initiatives/Third_Way_Idea_Brief_-_A_National_Infrastructure_Bank-1.pdf)
America’s economic future will hinge on how fast and well we move people, goods, power, and ideas.
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the NIB would help to capitalize on a once-in-a-lifetime window to make enduring infrastructure investments

Hurricane Sandy is an empirical example of why the federal government is necessary for large scale recovery operations—NIB is the critical preventable action that can be taken to prevent future destruction


Percio 11/1(Stephen Del Percio—degree in civil engineering @ Columbia University; in-house counsel for one of the world’s largest engineering companies Published on November 1st, 2012‘Devastation in NYC & NJ Demonstrates Why Government Must Make Investments in Infrastructure a Matter of National Security’ http://www.greenbuildingsnyc.com/2012/11/01/devastation-in-nyc-nj-demonstrates-why-government-must-make-investments-in-infrastructure-a-matter-of-national-security/?utm_source=rss&utm_medium=rss&utm_campaign=devastation-in-nyc-nj-demonstrates-why-government-must-make-investments-in-infrastructure-a-matter-of-national-security

The events of the past few days emphasize that the challenges posed by climate change –
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could go a long way towards changing attitudes about funding for large-scale public projects.