Lawmakers: One-way Damage Shows Need for Infrastructure Upgrades

The Crypto Daily - Movers and Shakers - April 2, 2021

“Global warming is upon us,” said Senate Majority Leader Chuck Schumer, D-N.Y. “When you get two record rainfalls in a week (in New York City), it’s not just coincidence. When you get all the changes that we have seen in weather, that’s not a coincidence. … It’s going to get worse and worse and worse, unless we do something about it.” Schumer and other lawmakers said the catastrophe is the latest example of why the nation needs the nearly trillion-dollar infrastructure bill passed by the Senate last month. He and other Democrats also are calling for passage of President Joe Biden’s $3.5 trillion, partisan rebuilding plan aimed at helping families and combating climate change.

As the deadly storm moved from the Gulf Coast through the Northeast, members of Congress said the deluge offered irrefutable evidence that power lines, roads, bridges and other infrastructure are deteriorating even as storms and other extreme weather are strengthening. At least 50 people from Virginia to Connecticut died as storm water from Ida’s remnants cascaded into people’s homes and engulfed automobiles, overwhelming urban drainage systems unable to handle so much rain in such a short time. At least 16 deaths deaths were blamed on the storm in Louisiana, Mississippi and Alabama. “It’s so imperative to pass the two bills,” Schumer said.

Democrats hope to pass both bills by the end of this month, but action on the bipartisan bill may be difficult until the larger package is ready. Progressives have said they won’t support a bipartisan bill without strong companion legislation to advance their priorities. Biden made a pitch Friday for the bipartisan bill, saying it “is going to change things on our streets across the country.” He cited the bill’s “historic investment” in roads, rail and bridges, as well as clean energy, clean water and universal broadband.

“It’s about resilience,” Biden said. “Make our roads and highways safer. Make us more resilient to the kinds of devastating impacts from extreme weather we’re seeing in so many parts of the country.” The plan includes $110 billion to build and repair roads and bridges and $66 billion to upgrade railroads. It also includes about $60 billion to upgrade the electric grid and build thousands of miles of transmission lines to expand use of renewable energy and nearly $47 billion to adapt and rebuild roads, ports and bridges to help withstand damage from stronger storms as well as wildfires and drought. “If we’re going to make our country more resilient to natural disasters, whatever they are, we have to start preparing now,” said Sen. Bill Cassidy, R-La.

Cassidy, a lead negotiator on the bipartisan bill, has touted the infrastructure legislation as a boon to hurricane-prone states such as his. “I’m sure hoping that Republicans look around my state, see this damage and say, ‘If there’s money for resiliency, money to harden the grid, money to help sewer and water, then maybe this is something we should be for,’” he told CNN. Ultimately, repair and replacement of roads, bridges and other infrastructure damaged by Hurricane Ida and other natural disasters are likely to be funded by Congress as emergency relief money. But the bipartisan bill will be valuable in providing major investments in “future-proofing” infrastructure against climate change and extreme weather such as Ida, according to Jeff Davis, a senior fellow at the Eno Center for Transportation, a Washington think tank. The bill would be the first to devote money for “climate resilience,” including $17 billion for the Army Corps of Engineers to address backlogs in federal flood control projects.

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