AFT Pres. Weingarten Announces $10 Billion Investment in Infrastructure and Workforce
Source: NH Labor News
DENVERStatement of American Federation of Teachers President Randi Weingarten on the announcement that the $10 billion Investment and Training for American Infrastructure commitment, made at CGI America 2011 by the AFT, the AFL-CIO, North Americas Building Trades Unions, and others, has been met two years ahead of schedule:
At a time when we have an urgent need to invest in our nations infrastructure and Congress has been unwilling to act, I am proud to announce that the labor movement and our pension funds have stepped upwe have secured more than $10 billion to invest in Americas crumbling infrastructure, creating tens of thousands of good middle-class jobs from the money already deployed. Labors pension funds can be a powerful economic engine by investing in U.S. infrastructure, creating good jobs and providing sustainable returns for investors. This shows what can happen when creative and innovative thinking is applied to Americas most pressing challenges. Not only are union members committed to providing vital public services to communities across the country, we are equally committed to helping create jobs and rebuild America.
I am proud to partner with President Bill Clinton, Sean McGarvey, Richard Trumka, Lee Saunders and others as we address the nations soaring infrastructure needs by investing public pension funds in infrastructure projects that deliver solid returns. With the leadership of pension funds like CalSTRS, $3 billion has already been deployed to rebuild roads like the Presidio Parkway in San Francisco, fund new construction like the Long Beach, Calif., courthouse, and seed new investments like Pennsylvanias Duquesne Light power company.
FULL story at link.
Read more: http://nhlabornews.com/2014/06/aft-pres-weingarten-announces-10-billion-investment-in-infrastructure-and-workforce/
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About NH Labor
The New Hampshire Labor News is a group of NH Workers who believe that we need to protect ourselves against the attacks on workers. We are proud union members who are working to preserve the middle class. The NHLN talks mostly about news and politics from NH. We also talk about national issues that effect working men and women here in the Granite State.
daleanime
(17,796 posts)Andy823
(11,495 posts)rhett o rick
(55,981 posts)pensioners?
Omaha Steve
(99,073 posts)Interest adds up.
rhett o rick
(55,981 posts)repairs are issuing bonds and the pension funds are buying the bonds? If so, sounds too good to be true.
DeSwiss
(27,137 posts)spartan61
(2,091 posts)Isn't this something that should have been done by congress? I am pro union and belonged to the NEA during my teaching years.
Samantha
(9,314 posts)Last edited Wed Jun 25, 2014, 11:31 PM - Edit history (1)
I had to read the title twice, I thought I was misreading. Kudos to the teachers' union for stepping out and investing in our infrastructure and creating so many jobs.
Sam
Android3.14
(5,402 posts)How does an investment from AFT turn into a bridge?
IronLionZion
(45,261 posts)glad to see it catching on here in the US.
Doctor_J
(36,392 posts)I hope this doesn't get the DC pigs off the hook for letting this happen. I also hope absolutely zero dollars go to "right-to-work" states or other seditious entities who despise the government who is supposed to take care of this shit. Don't want to pay taxes? Drive on shitty roads.
CTyankee
(63,771 posts)but if the majority of voters in those states don't give up their agenda of guns and god and nothing else, what can we do?
Doctor_J
(36,392 posts)Make "get the government out of my life" a reality. They need to reap what they sow to understand the consequences of their actions.