Casey+&+Will

NIB
 * Plan: The United States federal government should establish a national infrastructure bank to substantially increase its transportation infrastructure investment through loans and loan guarantees.**


 * Advantage 1 is the Economy **
 * Scenario 1 is stimulus**


 * Economy is still in a crisis --- bolstering infrastructure investment is critical**
 * Rohatyn & Slater, 12** --- special adviser to the chairman and CEO of Lazard, AND **former US transportation secretary (2/20/2012, Felix Rohatyn and Rodney Slater, “America needs its own infrastructure bank,” [], JMP)

America needs to invest in infrastructure. __Despite signs of improvement… and their repayment would allow the bank to be self-financing.__


 * AND, America’s transportation infrastructure is in serious decay --- worse has yet to come**
 * Economist, 11** (4/28/2011, “Life in the slow lane; Americans are gloomy about their economy’s ability to produce. Are they right to be? We look at two areas of concern, transport infrastructure and innovation,” [], JMP)

__America____, despite its wealth and strength, often…__ Regional planning could help to avoid problems like this.


 * Infrastructure spending is comparatively the best form of economic stimulus—NIB is the most efficient mechanism**
 * Tyson et al. 10** -* Professor @ the Haas School of Business of UC-Berkeley, PhD in Economics @ MIT, former Chair of the US President’s Council of Economic Advisers, served as the Director of the National Economic Council, **Phillips, former President of Oracle, MBA @ Hampton University, member of the Economic Recovery Advisory Board, ***Wolf, CEO and Chairman of UBS Americas, member of the Economic Recovery Advisor Board, BS in Economics @ Wharton [Laura, Charles, Robert, The Wall Street Journal, “The U.S. Needs and Infrastructure Bank,” January 15, 2010, [], DKP]

__Our nation's investment in its physical infrastructure…__ justify its continued funding based on its performance and investment returns.


 * NIB solves—overcomes status quo funding failures and enables large-scale projects**
 * McConaghy & Kessler, 11** --- * Director of the Third Way Economic Program, AND **Vice President for Policy at Third Way (January 2011, Ryan McConaghy and Jim Kessler, “A National Infrastructure Bank,” [], JMP)

America’s economic future will hinge on how fast… **__very unwelcome time to see the return of geopolitical risk.”__**

Scenario 2 is jobs

NIB infrastructure creates jobs and stimulates growth. Trumbull 11 - ** Staff writer for the Christian Science Monitor (Mark, “Is Gary Johnson right about shovel-ready jobs? 5 infrastructure challenges,” **
 * September 23, 2011, The Christian Science Monitor, Lexis)//SPS **

Republican presidential candidate Gary Johnson scored a… tolls on federal highways that need repair


 * AND, job creation is the biggest internal link to the economy—outweighs cutting the deficit**
 * Tyson 11** -Professor @ the Haas School of Business of UC-Berkeley, PhD in Economics @ MIT, BA Summa Cum Laude in Economics @ Smith College, former Chair of the US President’s Council of Economic Advisers, served as the Director of the National Economic Council [Laura, The Washington Post, “What it will take for President Obama and big business to bring back American jobs,” 9/18/2011, [], DKP]

__The__ __immediate crisis confronting…__ of good-paying jobs in the next few years.
 * Plan __immediately__ boosts employment and growth—prevents economic decline**
 * Zakaria, 11** -PhD in Political Science @ Harvard (6/13/2011, Fareed, “Zakaria: U.S. needs an infrastructure bank,” [], JMP)

President Obama has proposed a number of specific policies… biggest payoff of all.


 * The US is the underpinning of the global economy**
 * RAHMAN ‘11 ** - former Ambassador and Chairman of the Centre for Foreign Affairs Studies. (Ashfaqur . “Another global recession?”. August 21. http://www.thedailystar.net/newDesign/news-details.php?nid=199461)

Several developments, especially in Europe… **__we may be in a new double dip or W-shaped recession__**.

Harris and Burrows 9** ( ** Mathew, PhD European History at Cambridge, counselor in the National Intelligence Council (NIC) and Jennifer, member of the NIC’s Long Range Analysis Unit “Revisiting the Future: Geopolitical Effects of the Financial Crisis” [], AM)
 * Economic decline triggers nuclear war **

Increased Potential for Global Conflict… __ difficult both within and between states in a more dog-eat-dog world. __


 * Slow growth makes the US uncooperative and desperate – leads to hegemonic wars **
 * Goldstein 7 ** - Professor of Global Politics and International Relations @ University of Pennsylvania, Avery Goldstein, “Power transitions, institutions, and China's rise in East Asia: Theoretical expectations and evidence,” Journal of Strategic Studies, Volume 30 , Issue 4 & 5 August 2007, pages 639 – 682

Two closely related, though distinct… __provides grounds for concern about the period prior to the possible crossover____. __ 19 pg. 647-650


 * Growth eliminates the only rational incentives for war **
 * Gartzke 11 ** – associate Professor of political science at the University of California, San Diego PhD from Iowa and B.A. from UCSF Erik, "SECURITY IN AN INSECURE WORLD" www.cato-unbound.org/2011/02/09/erik-gartzke/security-in-an-insecure-world/

Almost as informative as the decline… __war becomes a durable anachronism.__


 * Advantage 2 is Competitiveness **


 * A national infrastructure bank is necessary to maintain economic competitiveness**
 * Puentes 11** (Robert, Senior Fellow at the Brookings institution “Infrastructure Investment and U.S. Competitiveness” http://www.cfr.org/united-states/infrastructure-investment-us-competitiveness/p24585)

Most experts agree the __United States____… the private capital we know is ready to invest here in the United States.__


 * AND, transportation infrastructure is a vital internal link to economic leadership**
 * AGC, 11** (5/19/2011, The Associated General Contractors of America, “THE CASE FOR INFRASTRUCTURE & REFORM: Why and How the Federal Government Should Continue to Fund Vital Infrastructure in the New Age of Public Austerity,” [], JMP)

It also is important to note that the federal programs… financing help to operators so they can meet those standards.


 * NIB sends a signal that the US is committed to rebuilding**
 * Tyson 11** -Professor @ the Haas School of Business of UC-Berkeley, PhD in Economics @ MIT, BA Summa Cum Laude in Economics @ Smith College, former Chair of the US President’s Council of Economic Advisers, served as the Director of the National Economic Council [Laura, Harvard Business Review, “A Better Stimulus Plan for the U.S. Economy,” 2011, [], DKP]

Although stimulus spending is a politically… __time has come to make it happen.__

AND, it reduces the trade deficit Skidelsky and Martin 11** -*Emeritus Professor of Economics @ the University of Warwick, Fellow of the British Academy, Chairmen of the Governors of Brighton College, **PhD in Economics @ Oxford, Senior Investment Analyst @ Thames River Capital, Writes for the Institute for New Economic Thinking [Robert, “For a National Investment Bank,” 3/30/2011, ** [], DKP]

__Rebalancing the economy toward exports…__ __benefits to the broader economy.__


 * Economic primacy prevents all conflict escalation**
 * Freidberg & Schonfeld, 8** --- *Professor of Politics and IR at Princeton’s Woodrow Wilson School, AND **senior editor of Commentary and a visiting scholar at the Witherspoon Institute in Princeton (10/21/2008, Aaron and Gabriel, “The Dangers of a Diminished America”, Wall Street Journal, http://online.wsj.com/article/SB122455074012352571.html?mod=googlenews_wsj)

__With the global financial____…__ the stiff price tag of continued American leadership.


 * Competitiveness prevents great power nuclear war.**
 * Khalilzad, ’11** [Zalmay Khalilzad was the United States ambassador to Afghanistan, Iraq, and the United Nations during the presidency of George W. Bush and the director of policy planning at the Defense Department from 1990 to 1992, “ The Economy and National Security”, 2-8-11, [] ]

We face this domestic challenge while other… to work our way through the kind of crisis that we face today.


 * Solvency **

The NIB’s competitive, inter-modal, multijurisdictional approach is key—only federal action solves Istrate and Puentes 9** (Istrate, Emilia, senior research analyst and associate fellow with the Metropolitan Infrastructure Initiative specializing in transportation financing, and Puentes, Robert, Senior Fellow and Director of the Metropolitan Infrastructure Initiative, December 2009, “Investing for Success Examining a Federal Capital Budget and a National Infrastructure Bank”, Brookings Institute)FS **


 * __A__** **__properly designed NIB… private co-investment.__**** 110 **

An AIFA would cause an immediate investment of billions- private investors are on their toes. Hayley 11 ** MA Candidate at Columbia University Graduate School of Journalism (Andrea, “BUILD Act Holds Promise of Rebuilding America **
 * Bipartisan Senate proposal taps private investment”, 6-10-11, Epoch Times http://www.theepochtimes.com/n2/united-states/build-act-holds-promise-of-rebuilding-america-57495.html) RaPa **


 * WASHINGTON— ****__A__** **__new bipartisan Senate bill…__**** realizing the unintentional pun. “It’s ** **__hardly a road.”__**


 * Only federal action solves**
 * HALLEMAN ‘11 ** - Business graduate with analytical and program management experience across a range of transportation and infrastructure issues; Head of Communications & Media Relations at International Road Federation (Brendan, “Establishing a National Infrastructure Bank - examining precedents and potential”, October 2011, [] )


 * __The merits of establishing a National Infrastructure Bank… currently no longer taking applications citing “state budget issues__** ”.

A federal investment into a loan guarantees bridges bureaucratic and budget gaps between the states and is the best approach for a NIB McConaghy and Perez 11 ** Ryan McConaghy, Director of the Economic Program, and Jessica Perez, Economic Program Policy Advisor (Ryan, Jessica, “Five Reasons Why BUILD is Better”, The Schwartz Initiative on American Economic Policy, June 2011, ** [] ** ) RaPa **


 * Across the country, ****__job-creating infrastructure…__**** win the future without such innovative approaches. **