Chairman, Oberstar, Representative Mica, and Members of the
Committee, thank you for inviting me to testify today on the question of "financing
Over the past several decades, we have accumulated a
sizeable public infrastructure deficit.
As a result, a variety of infrastructure bottlenecks-traffic congested
roads, clogged ports, and an antiquated air traffic system, to mention just a
few-have begun to undercut our economy's efficiency and undermine our quality