VP Biden Announces $53 Billion Over 6 Years For National High Speed Rail Network~

[Cha]

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Washington (CNN) -- The Obama administration is proposing to spend $53 billion over the next six years to help promote the construction of a national high-speed, intercity passenger rail network, Vice President Joe Biden announced Tuesday.

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White House press secretary Robert Gibbs told reporters potential funding sources for the plan will be outlined in the president's proposed budget, which is scheduled to be released next week.

President Barack Obama said in last month's State of the Union address that he was setting a goal of giving 80 percent of Americans access to high-speed rail within 25 years.

Obama: U.S. infrastructure has "slipped"

The proposed new investment -- including $8 billion in the upcoming fiscal year -- would accompany a streamlined application process for cities, states, and private companies seeking federal grants and loans to develop railway capacity.

"There are key places where we cannot afford to sacrifice as a nation -- one of which is infrastructure," Biden said in a written statement. There is a pressing need "to invest in a modern rail system that will help connect communities, reduce congestion and create quality, skilled manufacturing jobs that cannot be outsourced."

Read more & there's a very cool pic of a "bullet train" at the link~
http://www.cnn.com/2011/POLITICS/02/08/b...l?iref=NS1

President Obama is using money to build a strong infrastructure in America..bushcheney used our money to blow up Iraq and build it up again.

[TheNewMe]

I am in favor of that!