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Good evening - No matter where you stand on the political spectrum, you have to be hoping that our fearless leaders can agree to do something about the country’s infrastructure. Consider these facts: - 850 water main breaks occur daily in North America. And the total cost to repair them runs about $3 billion.
- The Environmental Protection Agency (EPA) estimates that the vast majority of the country's sewer pipes are well past their intended life cycle. In fact, the American Society of Civil Engineers forecasts the U.S. needs to invest $3.6 trillion into the infrastructure to get water and sewer pipes to acceptable levels.
- Electric utilities are spending upwards of $100 billion every year to update our aging power grid.
- The Transportation Research Board (TRB) estimates our interstate bridges average 45 years of wear and tear, with 27% needing repair or replacement. Only 56% are deemed in “fair” condition.
- Furthermore, the TRB recommends that funding for interstate repair and replacement needs to increase two-and-a-half times from its 2018 level of $23 billion. And this needs to be done annually … for the next 20 years!
As recently as this summer, there were two competing infrastructure plans. And yet, the powers to be in Washington D.C. have not found the political will to pass an infrastructure bill. Rather than dithering with a progressive agenda that lacks national support, it would behoove Joe Biden to dust off these bills and use the bully pulpit of the presidency to get a bill passed. The package may need to be tweaked a bit since it currently includes climate change initiatives that have kept the bill from advancing through the Senate. Of course, Congress and the Executive Branch may kick the can down the road yet again. But I don’t think so. Biden will want a quick win and something that has bi-partisan support. That’s why we’ve put together this special presentation that highlights 7 infrastructure stocks that are already having solid years and would only move higher if Congress decides to focus on this urgent problem. View the “7 Infrastructure Stocks That May Help Rebuild America.”
Matthew Paulson MarketBeat.com | |
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