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NEWS Last modified on September 7, 2010

Obama Effect

American Association of Airport Executives (AAAE) president, Charles Barclay, has issued a statement supporting US President, Barack Obama's call for additional...

American Association of Airport Executives (AAAE) president, Charles Barclay, has issued a statement supporting US President, Barack Obama's call for additional funding for airport development and a next generation air traffic control system.

“Greater funding for infrastructure is the right move and now is the right time for jobs, for the economy and for future generations of Americans,” enthuses Barclay.

“Investment in facilities that help generate wealth for society over a useful life sometimes measured in half-centuries is fundamentally different than deficit spending on goods and services that are consumed immediately,” adds Barclay.

“In fact, passing along a healthy infrastructure is an obligation of each generation, and properly designed infrastructure funding pays dividends as a foundation of economic activity over many years. Investment and consumption are different and we should recognise that fact in our debates about federal spending.

"AAAE calls on Congress to support the president's initiative for adding this critical investment spending.”

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