All That's Trucking

Romney Says Borrowing OK for Infrastructure

December 20, 2011

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As our elected officials on Capitol Hill continue to kick the can down the road on a highway bill, one presidential hopeful was caught on tape saying as much as he hates borrowing, transportation infrastructure might be one place it makes sense.


Transportation Nation has an audio file and transcript of an exchange between Republican Mitt Romney and a voter at a town hall meeting in Hudson, N.H., last week.

At the meeting, Romney said he doesn't like borrowing, but is willing to do it if there's a specific revenue stream to pay it back, such as tolls.

"You have to prioritize those things which are most important to you and infrastructure and having good roads and bridges and rail lines and air traffic lines and so forth are essential for a strong economy. I'm willing to invest in those things and even borrow in circumstances where there's going to be a revenue stream that pays it back."

Romney said when he was the governor of Massachusetts, he doubled spending in the state for bridge repair from $100 million a year to $200 million a year.

And of course, there's a video on YouTube of the exchange:



Another Transportation Nation article noted that while governor, Romney "signed a reform bill to streamline and consolidate the operations of the Massachusetts Turnpike Authority and the state Highway Department. The move was philosophically similar to recent proposals, by both parties in Washington, to simplify project selection and funding mechanisms in federal transportation."

Polls show Romney is currently tied for first place among the Republican contenders with Newt Gingrich.

Comments

  1. 1. raneysonline [ December 22, 2011 @ 03:22PM ]

    Good! People have it in their heads that all spending is bad. You really think the private sector is going to repave the highways?

    Nightmare scenario: Walmart decides to build a freeway that only its trucks and the trucks of other companies owned by Walmart, can drive on. Competition dips, and next thing you know we are paying a fortune for groceries. The government has some responsibilities and infrastructure is the big one.
    ----------------------------------
    Check out our<a href="http:\/\/www.raneystruckparts.com\/categories\/Peterbilt\/" target="_blank"> Peterbilt Parts</a>

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Author Bio

Deborah Lockridge

Editor in Chief

Truck journalist 21 years, joined us in 1998. Plans and coordinates editorial, specializes in maintenance, drivers and fleet operations.

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