Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: industry, beyond employing more than tens of thousands of people, paid out close to $7 billion to purchase parts and equip- ment.35 A revived passenger rail industry in the Midwest would need to purchase glass, seats, and other components from other firms, creating a new outlet and source of revenue for other industries. A high-speed rail system could create hundreds of thousands of jobs. Building a Midwestern rail system according to a plan articulated by the U.S. Department of Transportation—which calls for 2,250 miles of track in the Midwest—would create close to 58,000 permanent jobs and approximately 15,200 construction jobs during a 10-year development phase. The overall boost to the economy is estimated at $23 billion.36 Building this better passenger rail network would create more jobs than if the same amount of money were spent on highway construction.37 Internal: Funding Key 2 Manufacturing Sustained federal funding for HRS creates a vibrant manufacturing base followed by substantial investment...
View Full Document

This note was uploaded on 11/30/2013 for the course PHILOSOPHY 303m taught by Professor Tye during the Fall '12 term at University of Texas at Austin.

Ask a homework question - tutors are online