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The document discusses the need for investment in US infrastructure and argues that a National Infrastructure Bank (NIB) would help address current deficiencies. It notes that America's infrastructure received a "D" grade and is falling behind global standards. The current funding system is inefficient and divided among various levels of government. An NIB could attract private investment for important regional projects, ensure funding is based on economic benefits rather than politics, and make infrastructure spending more effective. Experts agree an NIB is a key way to fund cleaner, economically beneficial infrastructure projects through innovative financing methods.
The document discusses the need for investment in US infrastructure and argues that a National Infrastructure Bank (NIB) would help address current deficiencies. It notes that America's infrastructure received a "D" grade and is falling behind global standards. The current funding system is inefficient and divided among various levels of government. An NIB could attract private investment for important regional projects, ensure funding is based on economic benefits rather than politics, and make infrastructure spending more effective. Experts agree an NIB is a key way to fund cleaner, economically beneficial infrastructure projects through innovative financing methods.
The document discusses the need for investment in US infrastructure and argues that a National Infrastructure Bank (NIB) would help address current deficiencies. It notes that America's infrastructure received a "D" grade and is falling behind global standards. The current funding system is inefficient and divided among various levels of government. An NIB could attract private investment for important regional projects, ensure funding is based on economic benefits rather than politics, and make infrastructure spending more effective. Experts agree an NIB is a key way to fund cleaner, economically beneficial infrastructure projects through innovative financing methods.
Our transportation infrastructure is at its worstonly NIB solves investor certainty, jobs, manufacturing, and competitiveness Galston and Davis 12/13 (William A., political theorist, Senior Fellow of Governance at the Brookings Institution, was a senior adviser to President of the United States Bill Clinton on domestic policy, Korin, project manager at Brookings, Brookings Institution, Governance Studies at Brookings, Setting Priorities, Meeting Needs: The Case for a National Infrastructure Bank, p. 1-2, accessed 12/31/12, The God Card, HP: 5000, Atk: 5000, Def: 5000, YGS)
Our nations infrastructure is in desperate need of upgrading. From highly publicized bridge collapses and levee breaches to airport delays and traffic congestion, every American has experienced the frustrationand in some cases the dangersof aging, overcrowded, under-maintained facilities. The American Society of Civil Engineers (ASCE) gave Americas infrastructure a cumulative grade of D, a result of delayed maintenance and chronic underfunding . ASCEs most recent quadrennial report card for Americas infrastructure found that more than a quarter of the nations bridges are either structurally deficient or functionally obsolete, with the number of such bridges in urban areas on the rise. Roads fare no better. It is estimated that Americans spend 4.2 billion hours a year stuck in traffic, costing the economy $78.2 billion annually. The poor condition of our roads costs motorists another $67 billion a year in repairs and operating expenses. 1 Additional costs are incurred as a result of delays and inefficiencies at our nations airports. In 2007, airline delays cost passengers $16.7 billion and airlines $8.3 billion. Inefficiency in air transportation also had indirect effects on the U.S. economy, decreasing productivity in other business sectors and reducing the 2007 U.S. gross domestic product (GDP) by $4 billion. 2 Inadequacies in infrastructure dont just hurt us at home; they also hamper us in the global market and render us less competitive. Everyone who travels abroad knows that the U.S. no longer meets world-class infrastructure standards. The World Economic Forums 2011- 2012 Global Competitiveness Report ranks the U.S.s infrastructure at 16, down from our seventh place ranking just four years ago. And we have slipped in every category: roads, ports, railroads, andmost precipitouslyin air transport and the quality of the electricity supply. Indeed, the reliability of the U.S. electric grid is now ranked 32nd , seven spots behind China. Despite these costs to taxpayers and the national economy, not to mention the potential public safety hazards deficient infrastructure poses, real federal spending on infrastructure declined 4.7 percent annually between 2003 and 2007, the most recent year for which data is available. 3 ASCE has stated that current spending amounts to only about half of the needed investment. 4 Total public spending (which includes federal as well as state and local spending) has fallen steadily since the 1960s and is now at around 2.4 percent of GDP. 5 Europe, on the other hand, invests 5 percent of GDP in its infrastructure, and China invests 9 percent. 6 The potential economic benefits of investment in infrastructure are considerable. Not only do such investments create jobs (particularly in manufacturing and construction, which are especially important to a strong middle class), but also, efficiently transporting people, goods, and ideas increases productivity, decreases overhead, and spurs regional economic growth. 7 To stay competitive and encourage economic growth, the United States must begin investing more in our national infrastructure. Our current fiscal situation, however, gives us limited options. Appropriators are loathe to increase spending without simultaneously generating new revenue, yet increasing taxes when the economic recovery is still precarious is also not a popular option. And this is not to mention the general stalemate in which the opposing parties seem to be permanently stuck. One need only look to the painful process of enacting a desperately needed transportation bill, once a heralded example of bipartisanship, to see how slim the chances are for meaningful increases in infrastructure spending to pass. Moreover, our current financing framework is ill-equipped to respond. State and local budgets are strained; the highway trust fund, fueled by the federal gas tax, does not yield the revenues needed to maintain existing roads, let alone fund much- needed expansions; project selection is based more on political logrolling than on calculations of economic and social benefits; and there is no good means for planning and financing projects that span state or even municipal borders. Our inability to find better ways to invest in infrastructure represents a wasted opportunity and a failure of imagination. Not only is the need great, but also the conditions are propitious. Millions of Americans remain unemployed or underemployedespecially in the construction sector 8and a healthy labor market remains far off. Trillions of dollars of private capital are sitting on the sidelines, and interest rates are at record lows. Investors are looking for reliable alternatives to low-yielding Treasury securities, and they are willing to accept more modest yields than they sought even five years ago. This is where innovative institutions can open a new path. As Brookings scholars Emilia Istrate and Robert Puentes have pointed out, governments at every level have turned to contractual relations with the private sector for a range of infrastructure activities, from design and finance to operation and repair. Often, however, state and local governments lack the technical capacity to ensure project quality and to protect the public interest. 9 For that reason, Puentes has recommended the creation of a national-level Public/Private Partnership Unit, housed within the Office and Management and Budget, to provide states, cities, and metropolitran entities with support and technical assistance, create an environment that encourages private infrastructure investment, and begin the process of forging an integrated national infrastructure agenda. 10 A national PPP Unit would be an important and cost-effective first step. But to boost aggregate investment in infrastructure to the level our country needs while channeling it in economically productive directions, we must go farther. The creation of a National Infrastructure Bank (NIB)the focus of this reportwould allow us to attract private investment for public purposes, and it would ensure that projects are funded on the basis of economic and social benefit, not political gain. The issue is not just how much we invest, but how we invest it. We must invest in the right projects, and we must make every dollar count. Current systems are insufficientlack of a selection method and oversight Mallet 11 (William, Specialist Transportation Policy, Maguire, Specialist Public Finance, and Kosar, Analyst American National Government Steven, and Kevin, National Infrastructure Bank: Overview and Current Legislation, http://www.fas.org/sgp/crs/misc/R42115.pdf, 6/24/12, LS)
The current system for funding projects is subject to inefficiency and bureaucratic complication. Funding for infrastructure improvements is divided unevenly among federal, state, local, and private actors based on sector.24 Even in instances where the federal government provides funding, it has often ceded or delegated project selection and oversight responsibilities to state, local, and other recipients, weakening linkages to federal program goals and efforts to ensure accountability.25 Federal efforts are also hampered by organization and funding allocations based strictly on specific types of transportation, as opposed to a system-wide approach, which create inefficiencies that hinder collaboration and effective investment. 26 Complicating matters even further are the emergence of multi-state megaregions, which have common needs that require multijurisdictional planning and decision making ability. 27
The bank is key to innovative funding for cleaner, economically beneficial projects expert authors agree PR Newswire 10 (Cites a plethora of expert authors, including Puentes, January 20, Coalition Urges Congress and Obama Administration to Create National Infrastructure Bank, http://www.smartgridnews.com/artman/uploads/1/NIB.pdf, p. 1-3, accessed 7/20/12, YGS)
WASHINGTON, Jan. 20 /PRNewswire-USNewswire/ -- Today, at a news conference on Capitol Hill, a broad coalition of members of Congress, experts and stakeholders called on Congress and the Obama Administration to create a National Infrastructure Bank (NIB) to help generate the investment needed for infrastructure projects of regional and national importance. "America needs a variety of methods -- action by the government and private sector, current and new revenues, and federal leadership and local innovation -- to repair and modernize our nation's infrastructure," said Governor Ed Rendell (PA), Co-chair, Building America's Future. "A National Infrastructure Bank should play a role as a funding and financing vehicle for projects that have major national or regional impact. This is an important reform that is urgently needed to address our nation's infrastructure funding shortfalls." A National Infrastructure Bank would help improve the nation's roads and highways, bridges, ports, rail (freight and passenger), drinking and waste water treatment plants, smart grid, broadband, and schools. "Too many of our cities have structurally deficient bridges and outdated water and sewer pipes still made of wood," said Governor Arnold Schwarzenegger (CA), Co-chair, Building America's Future. "Faced with shrinking revenues and budget deficits, the National Infrastructure Bank could help finance projects that will allow cities and states to provide the high quality of life and safety our citizens deserve." A National Infrastructure Bank could also serve as an effective vehicle to ensure that long-term funding was maximized and allocated to projects based on merit, rather than politics. "Funding infrastructure projects that are in the pipeline and can be started in the next year is one of the most effective ways Congress can support job creation and economic growth," said Mayor Michael Bloomberg (NYC), Co-chair, Building America's Future. "But we have to go further, with long-term reform of how projects get built in this country. One way to do that is through creation of an independent, nonpartisan entity -- a National Infrastructure Bank -- that would fund our most vital needs based on merit, not politics." "Any strategy for long-term job creation and economic growth must be centered on moving from a consumption economy to an economy that puts people to work building things again," said Representative Rosa DeLauro (DCT). "That is why I introduced the National Infrastructure Development Bank Act, to establish an independent entity that can objectively leverage significant investment into the transportation, environmental, energy and telecommunications infrastructure systems critical to rebuilding America and keeping us competitive in the 21st century. The coalition assembled today demonstrates the broad support behind moving forward with the establishment of a National Infrastructure Bank as part of a bold, forward-looking and transformative U.S. infrastructure policy." "With a National Infrastructure Bank, Los Angeles and other cities could jump start sustainable transit and infrastructure projects and energize the economic recovery," said Los Angeles Mayor Antonio Villaraigosa (D). "It's a win-win for everyone -- for jobs, the environment, public health, and the economy." "A national infrastructure that facilitates America's competitive position in the 21st century will be essential for our future," said former Senator Chuck Hagel (R-NE). "New and creative thinking and institutions, like a National Infrastructure Bank, will be required to finance this critical infrastructure." "Establishing a National Infrastructure Bank is a solution that both sides of the aisle can readily embrace for the simple fact that it is sure-fire economic policy," stated former House Democratic Leader Dick Gephardt (D-MO), President and CEO, Gephardt Government Affairs. "The urgency for jobs felt by individuals on Main Street is more acute than ever. A National Infrastructure Bank will fuel economic opportunities at the local, state and national levels. We need the smartest policies in place now to ensure that the federal government does what it can to improve our nation's infrastructure while at the same time improving our economy." "An independent, adequately capitalized National Infrastructure Bank could leverage significant private investment to rebuild America, strengthening our global competitiveness and creating jobs on a large scale," said Ambassador Felix Rohatyn, President, FGR Associates LLC. "Whether we're talking about billions of dollars lost as a result of traffic each year or billion gallons of water lost through leaky pipes, failing infrastructure has a negative impact on the checkbook and quality of life of each and every American. Despite this, we have continued to woefully under-invest," said Andrew W. Herrmann, P.E., F.ASCE, Chair of the American Society of Civil Engineers' 2009 Report Card for America's Infrastructure Advisory Council. "Creating an Infrastructure Bank, however, will provide a dedicated source of finance and funding tools we can use to support projects of regional and national significance. We're all familiar with that concept from the work we've done to maintain our own homes or cars, so it shouldn't be surprising that it's going to take the same kind of long-term, sustained investment to improve the nation's infrastructure." "It will continue to be difficult, if not impossible, to build the kind of complex, multi-year infrastructure projects we need to remain globally competitive without having a viable National Infrastructure Bank," said Stephen E. Sandherr, CEO, Associated General Contractors of America (AGC). "We need a comprehensive approach to tackling our infrastructure that includes robust multi-year funding, significant regulatory reforms and a National Infrastructure Bank." "While a National Infrastructure Bank is no silver bullet, if appropriately designed and with sufficient political autonomy, it could improve both the efficiency and effectiveness of future federal infrastructure projects of national significance," said Robert Puentes, Senior Fellow, Brookings Institution's Metropolitan Policy Program. "As the nation struggles to address its growing transportation infrastructure needs, policymakers need to consider all current and new opportunities to support investments in these areas," said Pete Ruane, President and CEO, American Road & Transportation Builders Association (ARTBA). "A National Infrastructure Bank must be included in that evaluation." "In this era of constrained finances and mounting needs on a national scale, the Infrastructure Bank would spur innovation in funding large-scale transportation projects critical to job creation and to our future economy," said James Corless, Director, Transportation for America. "Because projects would compete based on merit , it would help to select the investments that do the most to advance our national goals, whatever the mode: rail, highway, ports or public transportation." "Sound water and wastewater infrastructure is necessary to public health, a successful economy, and our way of life," said Tom Curtis, Deputy Executive Director, American Water Works Association (AWWA). "A National Infrastructure Bank would provide America's water and sewer systems with low-cost capital to increase investment in this vital sector." "Investing in infrastructure creates jobs in the short term and economic growth in the long term," said Robert L. Borosage, Co-Director, Campaign for America's Future. "A National Infrastructure Bank is a vital step to rebuilding our economy and keeping us competitive in the global marketplace." "Working people across the country are anxious to see what their elected representatives will do to address the crisis in American manufacturing," said United Steelworkers International President Leo W. Gerard. "Creating a National Infrastructure Bank and passing the jobs bill are two ways the current Congress can demonstrate their commitment to workers and their families." "History has shown that when our nation invests in its core infrastructure needs, economic progress inevitably follows," said Mark H. Ayers, President, Building and Construction Trades Department (AFL-CIO). "This is important to remember as we grapple to address the twin problems of economic growth and job creation. Infrastructure development was the key driver that fueled our nation's industrial dominance in the 20th century, and it can be poised to do so again in the 21st century. To meet our long-term infrastructure needs we need the establishment of a National Infrastructure Bank, whereby federal resources will be allocated more efficiently and effectively. When the National Infrastructure Bank is operational, America's Building Trades Unions and our members will be ready to build the infrastructure that our 21st century economy so desperately needs." "CMAA strongly supports creation of a National Infrastructure Bank because it would depoliticize infrastructure investment and create major new opportunities to fund vitally important projects," said Bruce D'Agostino, President and CEO, Construction Management Association of America (CMAA). "We simply must make it a national priority to repair, modernize, and expand our transportation and other resources. We need a sound long-term strategy that devotes adequate and consistent funding to these tasks. They cannot be dealt with successfully through any series of quick fixes. We also need to assure that this major funding is spent with accountability, transparency, and maximum application of recognized Construction Management Standards of Practice." "America's infrastructure faces critical needs that unfortunately go well beyond the capacity of the traditional funding mechanisms currently in existence," said David A. Raymond, President, American Council of Engineering Companies (ACEC), the business association of America's engineering industry, representing more than 5, 500 engineering companies and more than half a million engineers and related professional services employees nationwide. "We need to expand those core funding programs, but it's absolutely essential that we go further and employ new financing tools like the National Infrastructure Bank to meet urgent and critical infrastructure needs." "If we're going to maintain the ability to move people, goods, and ideas that allowed America to become the most prosperous nation in the world, we need to make significant investments in a 21st century infrastructure," said Jim Kessler, Vice President for Policy, Third Way. "A National Infrastructure Bank would make a critical contribution by supporting projects on merit and harnessing public and private capital to bridge the infrastructure gap." Only NIB has all the facets to solveprivate investment, coordination, federal oversight, economic efficiency, and cleaner projects Cooper et al 12 (Donna, Senior Fellow with the Economic Policy team at the Center for American Progress, Kristina Costa, Research Assistant in Economic Policy at the Center for American Progress, Keith Miller, intern with the Economic Policy team at the Center for American Progress, September 2012, Creating a National Infrastructure Bank and Infrastructure Planning Council: How Better Planning and Financing Options Can Fix Our Infrastructure and Improve Economic Competitiveness, Center for American Progress, http://www.americanprogress.org/wp- content/uploads/2012/09/InfrastructureBankReport.pdf, p. 10-12, accessed 10/29/12, YGS)
A national infrastructure bank would help spur more infrastructure investment by creating a strong federal lending authority capable of financing and coordinating high-value infrastructure investments throughout the country. It could provide low-interest loans and loan guarantees to state, local, and private investors, and help stakeholders connect available capital with financially viable projects and willing partners. Because all of the funds distributed by the bank would be paid back with interest by borrowers following the completion of their projects, the costs to the federal government following the initial capitalization of the bank would be remarkably low. Every federal dollar put into the bank would be able to achieve an impact well beyond its face value by supporting project after project as long as the bank continued operation. Despite its low costs, however, a national infrastructure bank could put a substantial dent in the infrastructure funding gap by attracting billions of dollars in additional public and private investment. By providing the final financial piece that many large projects require to get off the ground, federal infrastructure loans and loan guarantees could enable hundreds of otherwise-abandoned projects to move forward. An infrastructure bank proposal put forward by Sens. John Kerry (D-MA), Kay Bailey Hutchison (R-TX), Mark Warner (D-VA), and Lindsey Graham (R-SC) estimates that an initial $10 billion endowment could provide 11 Center for American Progress | Creating a National Infrastructure Bank and Infrastructure Planning Council up to $160 billion in financial assistance over the next decade, pulling in between $320 billion and $640 billion in additional nonfederal spending. 22 Such levels of investment would pour billions of dollars into some of the economic sectors hit worst by the recession, among them the construction industry and heavy manufacturing, and could help put thousands of unemployed Americans back to work on projects with guaranteed economic and social returns. An infrastructure bank could be particularly effective at leveraging additional investment because it would be able to make such investment more attractive to private investors. A federal bank could help inexperienced states and localities develop attractive public-private partnerships and could connect willing private partners with these investment opportunities. Providing a single home for such project proposals would eliminate the need for investors to make redundant pitches to multiple federal, state, and local agencies, making the entire process of linking private capital with critical infrastructure projects both more efficient and user-friendly. Federal oversight and guidance could also perform the important task of promoting models that protect wages and collective bargaining rights. For all of these reasons, both the U.S. Chamber of Commerce and the American Federation of Labor and Congress of Industrial Organizations see significant benefits for their members should a national infrastructure bank be created, and both have jointly come out in strong support of establishing such a bank. 23 An infrastructure bank would also help overcome the many problems associated with the annual appropriations process and could provide the types of financial assistance that are most useful for infrastructure projects. By providing long-term loans and loan guarantees, the new bank would make year-to-year federal support significantly more predictable. Short-line railroad owners could hire employees, and clean energy operations could plan for expansion without being constrained by the uncertainty of not knowing whether the critical federal loan programs that support them will exist in a years time. Additionally, by building delayed- repayment mechanisms into these loans, many crucial projects could be undertaken even if they may take time to begin generating sufficient user fees or savings to begin repayment. Public and private investors alike frequently find it difficult to acquire financing of this kind, but by filling this void, a national infrastructure bank could further enable billions of dollars in investment. Furthermore, introducing a centralized federal lending authority could help dramatically improve coordination between federal agencies and the multiple lending Both the U.S. Chamber of Commerce and the American Federation of Labor and Congress of Industrial Organizations see significant benefits for their members should a national infrastructure bank be created.12 Center for American Progress | Creating a National Infrastructure Bank and Infrastructure Planning Council initiatives they oversee. A recent Center for American Progress analysis estimated that in FY 2010, just under $124 billion in total federal lending authority for infrastructure projects was spread out over six different programs in three different departments. (see Figure 1) It would likely be more efficient for an infrastructure bank to assimilate these existing federal loan schemes. Such changes would eliminate redundancies, build capacity to plan intermodal projects, and further improve due diligence in project selection. Energy is a major cost driver when it comes to getting water to the tap and treating wastewater, but our current system does not adequately account for energy needs when planning water-system improvements. A federal lending authority, however, could allow for drinking and clean water infrastructure investments to be coordinated with the expansion of electrical capacity required to support them. Or it could arrange for channel deepening at ports to be planned alongside the bridge replacements required to ensure new and larger freight vessels can access harbors. Bank experts would be able to actively seek out opportunities for cross-state and cross-sector cooperation, and encourage policymakers and private investors to undertake the kinds of visionary and integrated projects that are the most beneficial to economic growth. Finally, more efficiency-driven project selection could possibly deliver the greatest gains. An independent bank with a professional staff could rank project proposals by expected economic and social returns, and allot funds accordingly. They would not have to be constrained by outmoded formulas or arbitrary allocation processes, and could instead ensure that each dollar lent out achieves the greatest possible impact for the greatest number of people. With funding for projects of all kinds becoming increasingly difficult to come by and with infrastructure needs growing daily, we cannot afford to continue being inefficient with our spending. A national infrastructure bank could help reduce such waste, while making the most of limited resources to effectively promote valuable economic, social, and environmental goals. The creation of a national infrastructure bank would thus help increase public investment, attract private investment, improve investment coordination, and ensure investment efficiency. As the United States becomes more integrated into an increasingly competitive global economy, we have no choice but to pursue these goals, and we must do so with the greatest possible urgency. Indeed, the idea of an infrastructure bank is not new to policymakers. (see box on following page)
THUS THE PLAN: The United States federal government should substantially increase merit-based transportation infrastructure loans in the United States issued by an independent government-owned National Transportation Infrastructure Bank. Contention Two is the Economy Well isolate three scenarios The first is Uncertainty: Despite the deal, uncertainty is rampant and predictive models project 2013 slow growth OConnor 1/3 (Brian J., Finance Editor and columnist for Detroit News, winner of Christopher H. Welles Memorial Prize for business journalism, The Detroit News Business, Fiscal cliff solution wont stop taxes from going up, http://www.detroitnews.com/article/20130103/BIZ/301030367/Fiscal-cliff-solution-won-t-stop- taxes-from-going-up?odyssey=mod%7Cnewswell%7Ctext%7CFRONTPAGE%7Cs, accessed 1/3/13, YGS)
After weeks of breathless headlines about the country heading over the so-called "fiscal cliff," canceled presidential vacations and midnight votes on Capitol Hill, the last minute-tax deal worked out on New Year's Day between the White House and Congress boils down to this: Anyone who works will see their taxes go up. Those tax hikes are much smaller than they would have been if no deal had been reached. Most taxpayers will keep all the deductions they enjoyed last year. With less money in their paychecks, consumers will cut back and the economy will grow more slowly. Congress and the White House haven't tackled the huge automatic federal spending cuts that are still due to kick in. Even if those cuts are reduced, they still could slow the economy nearly to the point of stalling out on the edge of another recession. The bargaining and economic hostage-taking is far from ended . Besides the spending cuts on the table, another round of wrangling on the federal debt limit looms over the economy, extending the same uncertainty that had had anxious business owners and consumers sitting on their wallets for months. "The odds of a recession are elevated for 2013," said Robert Dye, chief economist for Comerica Bank. "We could find ourselves in a situation where, even if we avoid recession, we'll have such weak economic growth that the unemployment rate flat lines or increases, without an official recession." That independently risks nuclear war Fordham 10 (Tina Fordham, senior policy analyst at Citi Private Bank, Financial Times, Investors cant ignore the rise of geopolitical risk, June, 17, 2012, http://www.ft.com/intl/cms/s/0/dc71f272-7a14-11df-9871- 00144feabdc0.html#axzz2Ak4daMVQ, accessed 10/11/12, YGS)
Geopolitical risk is on the rise after years of relative quiet potentially creating further headwinds to the global recovery just as fears of a double-dip recession are growing, says Tina Fordham, senior political analyst at Citi Private Bank. Recently, markets have been focused on problems within the eurozone and not much moved by developments in North Korea, new Iran sanctions, tensions between Turkey and Israel or the unrest in strategically significant Kyrgyzstan, she says. But taken together, we dont think investors can afford to ignore the return of geopolitical concerns to the fragile post-financial crisis environment. Ms Fordham argues the end of post-Cold War US pre-eminence is one of the most important by-products of the financial crisis. The post-crisis world order is shifting. More players than ever are at the table, and theirinterestsoftendiverge. Emerging market countries have greater weight in the system, yet many lack experience on the global stage. Addressing the worlds challenges in this more crowded environment will be slower and more complex. This increases the potential for proliferating risks: most notably the prospect of politically and/or economically weakenedregimesobtaining nuclear weapons; and military action to keep themfromdoingso. Leftunresolved, these challenges could disrupt global stability and trade. This would be a very unwelcome time to see the return of geopolitical risk. The second scenario is Growth: Cross apply the OConnor evidence Not a question of stimulus only NIBs selection process and leveraging of investment solves jobs and growth USTCEA 12 (US Treasury & Council of Economic Advisers, A New Economic Analysis of Infrastructure Investment, 3-23-2012, http://www.treasury.gov/resource-center/economic- policy/Documents/20120323InfrastructureReport.pdf, p. 33, accessed 9/24/12, YGS)
An analysis of the economic impact of transportation investment indicates that now is an optimal time to increase the nations investment in transportation infrastructure. Investing in transportation infrastructure would generate jobs to employ workers who were displaced because of the housing bubble. We estimate that the average unemployment rate among those who would gain employment in the jobs created by additional infrastructure investment has averaged approximately 13 percent over the past twelve months. There is also accumulating evidence that construction costs are currently low because of underutilized resources, so it would be especially cost-effective to seize this opportunity to build the quality infrastructure projects that are ready to be built. Historically, we also know that state and local governments are more prone to cut back on infrastructure spending during tough economic times, despite the growing need and demand for these projects. Americans overwhelmingly support increasing our infrastructure investment, as evidenced by consistent support for local investments on ballot initiatives. This is hardly surprising given that our report documents that the American public is less satisfied with our transportation infrastructure than residents of most other OECD nations. Merely increasing the amount that we invest, however, must not be our only goal. Selecting projects that have the highest payoff is critically important, as is providing opportunities for the private sector to invest in public infrastructure. Given the significant need for greater investment, the federal government cannot, and should not, be expected to be the sole source of additional investment funds. More effectively leveraging federal investment by pairing it with state, local, and private investment is necessary to meet the challenges we face in expanding our transportation network. Thus, establishing a National Infrastructure Bank, along with other significant reforms in our infrastructure financing system, should remain a top priority. Evidence also shows that well-functioning infrastructure systems generate large rates of return not only for the people who travel on the systems every day the direct beneficiaries but also for those in the surrounding regions and our nation more generally. Investment in infrastructure today will employ underutilized resources and raise the nations productivity and economic potential in the future. By contrast, poorly planned, non-strategic investment is not only a waste of resources, but can also lead to lower economic growth and production in the future. That is why any increase in investment should be coupled with broad-based reform to select infrastructure projects more wisely. The Presidents proposal to increase our nations investment in transportation infrastructure, coupled with broad-based reform of our transportation funding system, would have a significant and positive economic impact in both the short and long term, raising our nations economic output, creating quality middle-class jobs, and enhancing Americas global economic competitiveness.
Without growth, US collapse spills over Rahman 11 (Ashfaqur, former Ambassador and Chairman of the Centre for Foreign Affairs Studies, Another global recession? September 21, 2011, http://www.cfasonline.org/articles/details.php?id=245, accessed 10/11/12, YGS)
Last week, murmurs were heard in high places around the world that the global economy would face another recession. Experts opine that there is a 15% chance of a new recession. This is double the chance they believe existed at the beginning of 2011. Several developments, especially in Europe and the US, fan this fear. First, the US recovery from the last recession has been fragile. Its economy is much more susceptible to geopolitical shocks. Second there is a rise in fuel prices. The political instability in the Middle East is far from over. This is causing risks for the country and the international economy. Third, the global food prices in July this year is markedly higher than a year ago, almost 35% more. Commodities such as maize (up 84%), sugar (up 62%), wheat (up 55%), soybean oil (up 47%) have seen spike in their prices. Crude oil prices have also risen by 45%, affecting production costs. In the US, even though its debt ceiling has been raised and the country can now continue to borrow, credit agencies have downgraded its credit rating and therefore its stock markets have started to flounder. World Bank President Zoellick recently said: "There was a convergence of some events in Europe and the US that has led many market participants to lose confidence in economic leadership of the key countries." He added: "Those events, combined with other fragilities in the nature of recovery, have pushed US into a new danger zone. " Employment in the US has, therefore, come near to a grinding halt. Prices of homes there continue to slide. Consumer and business spending is slowing remarkably. So, when the giant consumer economy slows down, there would be less demand for goods she buys from abroad, even from countries like Bangladesh. This would lead to decline in exports from such countries to the US. Then these economies would start to slide too, leading to factory closures and unemployment on a large scale. There would be less money. Economic collapse causes nuclear war Broward 9 Member of Triond Will an Economic Collapse Kill You?, http://newsflavor.com/opinions/will-an-economic-collapse-kill-you/ AD: 7-7-09 CS
Now its time to look at the consequences of a failing world economy. With five offical nations having nuclear weapons, and four more likely to have them there could be major consequences of another world war. The first thing that will happen after an economic collapse will be war over resources. The United States currency will become useless and will have no way of securing reserves. The United States has little to no capacity to produce oil, it is totatlly dependent on foreign oil. If the United States stopped getting foreign oil, the government would go to no ends to secure more, if there were a war with any other major power over oil, like Russia or China, these wars would most likely involve nuclear weapons. Once one nation launches a nuclear weapon, there would of course be retaliation, and with five or more countries with nuclear weapons there would most likely be a world nuclear war. The risk is so high that acting to save the economy is the most important issue facing us in the 21st century. The third is Competitiveness: Cross apply the Galston evidence Loss of US competitiveness leads to major war Lieberthat & OHanlon 12 (Kenneth and Michael, foreign policy scholars at the Brookings Institution, The Fremont Tribune, The Real National Security Threat: Americas Debt, June 6, 2012, http://fremonttribune.com/news/opinion/columnists/the-real-national-security-threat-america-s- debt/article_52706e86-c775-11e1-8cbd-0019bb2963f4.html, accessed 10/21/12, YGS)
Second, such a chronic economic decline would undercut what has been 70 years of strong national political consensus in favor of an activist and engaged American foreign policy. One reason the United States was so engaged through the Cold War and the first 20 years of the post-Cold War world was fear of threats. But the other reason was that the strategy was associated with improvements in our quality of life as well. America became even more prosperous, and all major segments of society benefited. Alas, globalization and automation trends of the last generation have increasingly called the American dream into question for the working classes. Another decade of underinvestment in what is required to remedy this situation will make an isolationist or populist president far more likely because much of the country will question whether an internationalist role makes sense for America especially if it costs us well over half a trillion dollars in defense spending annually yet seems correlated with more job losses. Last, American economic weakness undercuts U.S. leadership abroad. Other countries sense our weakness and wonder about our purported decline. If this perception becomes more widespread, and the case that we are in decline becomes more persuasive, countries will begin to take actions that reflect their skepticism about Americas future. Allies and friends will doubt our commitment and may pursue nuclear weapons for their own security, for example; adversaries will sense opportunity and be less restrained in throwing around their weight in their own neighborhoods. The crucial Persian Gulf and Western Pacific regions will likely become less stable. Major war will become more likely. Contention Three is Climate Projects Warming is anthropogenic and currently the transportation sector is fueling a rise in emissionspredictive models prove EPA 12 (Greenhouse Gas Emissions, June 4, 2012, http://www.epa.gov/climatechange/ghgemissions/gases/co2.html, accessed 1/3/12, YGS)
Carbon dioxide (CO2) is the primary greenhouse gas emitted through human activities. In 2010, CO2 accounted for about 84% of all U.S. greenhouse gas emissions from human activities. Carbon dioxide is naturally present in the atmosphere as part of the Earth's carbon cycle (the natural circulation of carbon among the atmosphere, oceans, soil, plants, and animals). Human activities are altering the carbon cycle--both by adding more CO2 to the atmosphere and by influencing the ability of natural sinks, like forests, to remove CO2 from the atmosphere. While CO2 emissions come from a variety of natural sources, human-related emissions are responsible for the increase that has occurred in the atmosphere since the industrial revolution. [1] The main human activity that emits CO2 is the combustion of fossil fuels (coal, natural gas, and oil) for energy and transportation, although certain industrial processes and land-use changes also emit CO2. The main sources of CO2emissions in the United States are described below. Electricity. Electricity is a significant source of energy in the United States and is used to power homes, business, and industry. The combustion of fossil fuels to generate electricity is the largest single source of CO2 emissions in the nation, accounting for about 40% of total U.S. CO2 emissions and 33% of total U.S. greenhouse gas emissions in 2009. The type of fossil fuel used to generate electricity will emit different amounts of CO2. To produce a given amount of electricity, burning coal will produce more CO2than oil or natural gas. Transportation. The combustion of fossil fuels. such as gasoline and diesel to transport people and goods is the second largest source of CO2 emissions, accounting for about 31% of total U.S. CO2 emissions and 26% of total U.S. greenhouse gas emissions in 2010. This category includes transportation sources such as highway vehicles, air travel, marine transportation, and rail. Industry. Many industrial processes emit CO2 through fossil fuel combustion. Several processes also produce CO2 emissions through chemical reactions that do not involve combustion, for example, the production and consumption of mineral products such as cement, the production of metals such as iron and steel, and the production of chemicals. Various industrial processes accounted for about 14% of total U.S. CO2 emissions and 20% of total U.S. greenhouse gas emissions in 2010. Note that many industrial processes also use electricity and therefore indirectly cause the emissions from the electricity production. Carbon dioxide is constantly being exchanged among the atmosphere, ocean, and land surface as it is both produced and absorbed by many microorganisms, plants, and animals. However, emissions and removal of CO2 by these natural processes tend to balance. Since the Industrial Revolution began around 1750, human activities have contributed substantially to climate change by adding CO2 and other heat-trapping gases to the atmosphere. In the United States, since 1990, the management of forests and non-agricultural land has acted as a net sink of CO2, which means that more CO2 is removed from the atmosphere, and stored in plants and trees, than is emitted. This sink offset about 15% of total emissions in 2010 and is discussed in more detail in the Land Use and Forestry section. To find out more about the role of CO2 warming the atmosphere and its sources, visit the Causes of Climate Changepage and the Greenhouse Gas Indicators page in the Science section. Emissions and Trends Carbon dioxide (CO2) emissions in the United States increased by about 12% between 1990 and 2010. Since the combustion of fossil fuel is the largest source of greenhouse gas emissions in the United States, changes in emissions from fossil fuel combustion have historically been the dominant factor affecting total U.S. emission trends. Changes in CO2 emissions from fossil fuel combustion are influenced by many factors, including population growth, economic growth, changing energy prices, new technologies, changing behavior, and seasonal temperatures. Between 1990 and 2010, the increase in CO2 emissions corresponded with increased energy use by an expanding economy and population, although the economic downturn starting in 2008 influenced the decrease in emissions in 2009. Transportation emissions also contributed to the 12% increase, largely due to an increase in miles traveled by motor vehicles. Going forward, CO2 emissions in the United States are projected to grow by about 1.5% between 2005 and 2020. Reducing Carbon Dioxide Emissions The most effective way to reduce carbon dioxide (CO2) emissions is to reduce fossil fuel consumption. Many strategies for reducing CO2 emissions from energy are cross-cutting and apply to homes, businesses, industry, and transportation. The integrated, holistic approach and selection process of NIB is key to combat the largest warming contributors DOT 10 (Report to Congress, Transportations Role in Reducing U.S. Greenhouse Gas Emissions, Volume 1: Synthesis Report, April 2010, http://ntl.bts.gov/lib/32000/32700/32779/DOT_Climate_Change_Report_- _April_2010_-_Volume_1_and_2.pdf, 4-1, 4-2, accessed 1/3/12, YGS)
The level of GHG emissions from transportation depends on the carbon content of the fuels, the fuel efficiency of the vehicles, the efficiency of the transportation system, and the level of travel activity. These latter two factorsthe efficiency of the system and the level of travel activitycan be directly influenced through decisions that are made by Federal, State, regional, and local governments regarding the planning, funding, design, construction, and operations of the Nations transportation systems. Coordinating transportation and land-use decisions and investments enhances the effectiveness of both and increases the efficiency of Federal transportation spending. In most communities, jobs, homes, and other destinations are located far away from one another, necessitating a separate car ride for every errand and long delivery routes for goods. Strategies that support mixed-use development, mixed-income communities, and multiple transportation options help to reduce traffic congestion, lower transportation costs, improve access to jobs and opportunities, and reduce dependence on foreign oil, in addition to reducing greenhouse gas emissions. Prioritizing through planning low carbon alternatives such as public transportation, pedestrian facilities for biking, and walking, and lower carbon freight options such as rail or marine, can reduce GHGs, especially when deployed with synergistic policies such as land use. Similarly, prioritizing strategies such as signal timing, real-time traveler information, faster clearance of incidents, congestion pricing, freeway ramp meeting, and other intelligent transportation systems can reduce the pressure for new capacity while modestly reducing GHG emissions. The Federal government is an important partner with State and local governments in shaping the Nations surface transportation infrastructure. The Federal government currently provides $52 billion116 in funding for surface transportation annually, and Federal statute and regulations establish requirements for States and metropolitan planning organizations (MPOs) to undertake planning to determine how to use these resources. The Federal government also influences the efficiency of the Nations air transportation system by operating the air traffic control system and providing assistance to improve the capacity and safety of airports, and provides funding for investments in rail and marine modes as well. Federal leadership on GHG mitigation and climate change planning can help convey the importance of GHG reduction to State and local transportation agencies. Furthermore, Federal coordination of housing, transportation, and environmental policies is key. A lack of coordination between these policies has contributed to the growth in vehicle miles traveled and GHG emissions. Before discussing in more detail integrating climate change considerations into a transportation planning process, it is important to place this integration into the broader context of the current planning process. Planning is the information based policy framework by which communities prepare and follow a reasoned course of action to achieving a desirable future vision. Plans represent blueprints for communities to follow, enabling them to evolve in an optimal way and influencing urban and rural development, economic prosperity, environmental quality, and social equity. Planning is a cooperative process, bringing together a wide range of perspectives from different people, organizations, and stakeholder groups to pursue common ground on a variety of issues. As such, it must consider a wide range of forcessuch as mobility, health, economic growth, environmental sustainability, and land usein determining a communitys ideal vision and identifying the priority projects, programs, and strategies for achieving that vision. The transportation system, and its GHG impact, is one element among many societal concerns. Planning includes comprehensive consideration and choice of preferred action from a range of possible strategies. Successful planning depends upon an information-driven evaluation process that encompasses diverse viewpoints, the collaborative participation of relevant agencies and organizations, and open, timely, and meaningful public involvement. Without broad and meaningful participation, there is a risk of making poor decisions, or decisions that have unintended negative consequences. On the other hand, having broad participation makes it possible for all parties to work together in partnership to make a lasting contribution to an areas quality of life. The public includes anyone who resides, has an interest in, or does business in a given area potentially affected by the decisions, as well as regional and national representatives. Federal, State, and local agencies with an interest in the region play a particularly important role in the achieving the vision. Many of those agencies have statutory responsibilities that impact planning decisions. Coordination and cooperation among all interested parties and relevant agencies is necessary to achieve the vision. This is particularly important as State and local transportation planners do not often have control over land use decisions, but can serve as conveners of stakeholder groups and work closely with land use planning authorities. Similarly, by providing funding and requiring a planning process, the Federal government is an important stakeholder, but much decisionmaking power appropriately resides at State and local levels. While planning is an open and collaborative process, it also is disciplined by the need to abide by important fiscal and environmental constraints. These constraints limit the extent of projects and strategies that may be recommended in plans, forcing communities to make difficult tradeoffs. In the end, a plan represents the communitys preferred actions, limited to those that are achievable within reasonable constraints. Federal statute requires that States and MPOs engage in a transportation planning process and develop a plan that include*s+ both long-range and short range program strategies/actions that lead to the development of an integrated intermodal transportation system which facilitates the efficient movement of people and goods. They must also develop a short-range program of transportation improvements, based on the long-range transportation plan, designed to achieve the areas goals using spending, regulating, operating, management, and financial tools. Transportation agencies confront a wide range of tradeoff decisions within and between modes, policy objectives, performance goals, geographic regions, and market segments when developing these plans and programs. Therefore, any decision on GHG reduction activities, including where to invest limited resources, needs to be balanced with its impact on other goals and priorities. This policy change would be internationally modeledempirical trends prove Desombre 10 (Elizabeth R., Frost Associate Professor of Environmental Studies and Associate Professor of Political Science at Wellesley, The United States and Global Environmental Politics: Domestic Sources of US Unilateralism, 2010,http://www.polisci.ufl.edu/usfpinstitute/2010/documents/readings/DeSombre%2 0Chapter.pdf, p. 193-4, accessed 1/3/12, YGS)
To be sure, the effect of the administration of George W. Bush on the U.S. role in international environmental politics should not be overlooked. Most important was his role on climate change, and the stated desire of the United States to unsign the Kyoto Protocol. 5 U.S. unwillingness to participate delayed the protocols entry into force and weakened the agreement because without the United States it needed the participation of almost all industrialized countries, many of which also refused to go along until their obligations were made more flexible and less onerous. It also arguably decreased the likelihood that those states that did take on obligations would meet them. Without serious action by the United States to decrease emissions, other states knew their actions could not make a serious impact on the climate system. Canadas decision to not meet its Kyoto obligations, for instance, made reference to the U.S. absence from the UN climate negotiation process. 6 In addition, the recent unilateral behavior of the United States is not restricted to issues of environmental cooperation; even apart from broader difficulties with the United Nations over Iraq, the United States has refused to join the International Criminal Court; to sign the Convention on the Prohibition of the Use, Stockpiling, Production and Transfer of Anti- Personnel Mines and on their Destruction (1997); or to ratify the Comprehensive Test Ban Treaty (1996), to name just a few recent issues. The recent unwillingness of the United States to leador even join efforts at multilateral environmental cooperation in the postCold War world thus seems overdetermined: it is neither an entirely new phenomenon, nor one restricted to environmental issues, and it is certainly not one that can be attributed to the administration of George W. Bush. It is an essential trend to understand, given a U.S. history of strong domestic environmental action, previous U.S. leadership on global environmental issues, the importance of the United States for addressing global environmental issues, and a new administration that promises increased engagement with the world community. When does the United States lead in addressing global environmental problems, and when does it refuse even to go along? A variety of approaches explains U.S. action in terms of broader characteristics of the country or its ideological goals, the degree of uncertainty about the environmental problem, the ecological vulnerability of the United States or the costs of taking action on the issue in question, or the domestic political power of industrial actors likely to bear those costs. Ultimately the most promising explanation for the pattern of U.S. unilateralism on international environmental issues involves characteristics of the domestic political system and the way in which national policymaking relates to international negotiations. The issues on which the United States leads internationally are those on which it has previously regulated domestically. The intersection between domestic politics and international relations can go a long way toward explaining what we see, and what we should expect, from U.S. environmental leadership. It also explains why, despite the particularly unilateralist bent of the George W. Bush administration, it is less the actions or the party of the president that matters, and much more the regulatory processes undertaken by Congress that provide an explanation for U.S. environmental leadership or lack thereof. If we want to understand what the United States has chosen to pursue or avoid internationally in terms of environmental policy, and predict what future leadership is likely, we need to look at what it has regulated or shunned domestically. Clear US commitment is key to shaping the Durban Platform Diringer 12 (Elliot, Executive Vice President at C2ES (Center for Climate and Energy Solutions), Climate Negotiators Open a New Round, C2ES, May 18, 2012,http://www.c2es.org/blog/diringere/climate-negotiators- open-new-round-bonn)
A new round of climate talks opened this week in Bonn, Germany, with the ambitious goal of reaching a comprehensive legal agreement applicable to all Parties by 2015. Countries agreed to launch the new round last December in Durban, South Africa, as part of a package deal that also keeps the Kyoto Protocol alive, at least for now. The so-called Durban Platform negotiations offer governments the chance to consider new approaches andone can hopecommit themselves to meaningful action. Since the start of the U.N. Framework Convention on Climate Change (UNFCCC) 15 years ago, theres been tension between two competing modelsbinding targets-and-timetables vs. voluntary pledge-and-review. And in actuality, parties have now constructed both: the first in the 1997 Kyoto Protocol, the second in the parallel framework that emerged in Copenhagen in 2009 and was further developed in Cancn and Durban. Quite clearly, neither approach is delivering the strong action we need. But over the next three and a half years, negotiators will have plenty of opportunity to weigh the relative merits of the two, and perhaps see if theres a third way that borrows the best of both. For the moment, their focus is primarily proceduralchoosing a chair, deciding on a work plan, etc. But as they take up these questions, parties are laying down markers for the more substantive negotiations to come. The Durban Platform does three things: First, it sets a 2015 deadline for an agreement to take effect in 2020. Second, it requires that the agreement be an amendment, a protocol or otherwise have legal force. To many, though not all, this means it must be legally binding. Third, it says the agreement will be applicable to all Parties. This would appear to obliterate the strict binary differentiation between developed and developing countries embedded in the Kyoto Protocol. But beyond that, it really offers no hint of an alternative approach to the ever-present issue of equity. Indeed, the Durban Platform is more or less a blank slate. Which means parties have all the latitude they need to think creatively about alternative pathwaysor to meander in endless circles. Pre-meeting submissions from the United States, China, and the European Union give a flavor for how positions are beginning to line up. Neither the U.S. nor China appears eager to rush things. The U.S. says this is a year for brainstorming and theres no need to agree now on all the issues to be considered. China stresses the importance of future inputs, such as the Fifth Assessment of the Intergovernmental Panel on Climate Change, and declares the fulfillment of past commitments by developed countries on finance and technology the fundamental basis ... to make any progress.
Warming is real and causes extinction Deibel 7 (Terry L. Deibel, professor of IR at National War College, Foreign Affairs Strategy, Conclusion: American Foreign Affairs Strategy Today Anthropogenic caused by CO2) Finally, there is one major existential threat to American security (as well as prosperity) of a nonviolent nature, which, though far in the future, demands urgent action. It is the threat of global warming to the stability of the climate upon which all earthly life depends. Scientists worldwide have been observing the gathering of this threat for three decades now, and what was once a mere possibility has passed through probability to near certainty. Indeed not one of more than 900 articles on climate change published in refereed scientific journals from 1993 to 2003 doubted that anthropogenic warming is occurring. In legitimate scientific circles, writes Elizabeth Kolbert, it is virtually impossible to find evidence of disagreement over the fundamentals of global warming. Evidence from a vast international scientific monitoring effort accumulates almost weekly, as this sample of newspaper reports shows: an international panel predicts brutal droughts, floods and violent storms across the planet over the next century; climate change could literally alter ocean currents, wipe away huge portions of Alpine Snowcaps and aid the spread of cholera and malaria; glaciers in the Antarctic and in Greenland are melting much faster than expected, andworldwide, plants are blooming several days earlier than a decade ago; rising sea temperatures have been accompanied by a significant global increase in the most destructive hurricanes; NASA scientists have concluded from direct temperature measurements that 2005 was the hottest year on record, with 1998 a close second; Earths warming climate is estimated to contribute to more than 150,000 deaths and 5 million illnesses each year as disease spreads; widespread bleaching from Texas to Trinidadkilled broad swaths of corals due to a 2-degree rise in sea temperatures. The world is slowly disintegrating, concluded Inuit hunter Noah Metuq, who lives 30 miles from the Arctic Circle. They call it climate changebut we just call it breaking up. From the founding of the first cities some 6,000 years ago until the beginning of the industrial revolution, carbon dioxide levels in the atmosphere remained relatively constant at about 280 parts per million (ppm). At present they are accelerating toward 400 ppm, and by 2050 they will reach 500 ppm, about double pre-industrial levels. Unfortunately, atmospheric CO2 lasts about a century, so there is no way immediately to reduce levels, only to slow their increase, we are thus in for significant global warming; the only debate is how much and how serous the effects will be. As the newspaper stories quoted above show, we are already experiencing the effects of 1-2 degree warming in more violent storms, spread of disease, mass die offs of plants and animals, species extinction, and threatened inundation of low-lying countries like the Pacific nation of Kiribati and the Netherlands at a warming of 5 degrees or less the Greenland and West Antarctic ice sheets could disintegrate, leading to a sea level of rise of 20 feet that would cover North Carolinas outer banks, swamp the southern third of Florida, and inundate Manhattan up to the middle of Greenwich Village. Another catastrophic effect would be the collapse of the Atlantic thermohaline circulation that keeps the winter weather in Europe far warmer than its latitude would otherwise allow. Economist William Cline once estimated the damage to the United States alone from moderate levels of warming at 1-6 percent of GDP annually; severe warming could cost 13-26 percent of GDP. But the most frightening scenario is runaway greenhouse warming, based on positive feedback from the buildup of water vapor in the atmosphere that is both caused by and causes hotter surface temperatures. Past ice age transitions, associated with only 5-10 degree changes in average global temperatures, took place in just decades, even though no one was then pouring ever-increasing amounts of carbon into the atmosphere. Faced with this specter, the best one can conclude is that humankinds continuing enhancement of the natural greenhouse effect is akin to playing Russian roulette with the earths climate and humanitys life support system. At worst, says physics professor Marty Hoffert of New York University, were just going to burn everything up; were going to het the atmosphere to the temperature it was in the Cretaceous when there were crocodiles at the poles, and then everything will collapse. During the Cold War, astronomer Carl Sagan popularized a theory of nuclear winter to describe how a thermonuclear war between the Untied States and the Soviet Union would not only destroy both countries but possible end life on this planet. Global warming is the post-Cold War eras equivalent of nuclear winter at least as serious and considerably better supported scientifically. Over the long run it puts dangers form terrorism and traditional military challenges to shame. It is a threat not only to the security and prosperity to the United States, but potentially to the continued existence of life on this planet.