AAAE's Barclay Applauds President's Call For Infrastructure Spending
For Immediate Release
September 6, 2010
Alexandria, Va. -- American Association of Airport Executives President Charles M. Barclay issued a statement supporting President Obama's call today for increased infrastructure spending, including 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," Barclay said, "for jobs, for the economy and for future generations of Americans."
Acknowledging concerns about federal deficits, Barclay emphasized the difference between federal spending on consumption and investment. "The public knows intuitively that it is wrong for one generation's members to pass along debt to future generations just because they find it convenient to consume more than they produce," Barclay said. "However, it would be equally irresponsible to pass along no debt and a crumbled infrastructure of roads, bridges, airports and air traffic control systems that would take decades for future generations to rebuild, no matter their resources.
"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," Barclay continued. "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 recognize that fact in our debates about federal spending.
"AAAE calls on Congress to support the president's initiative for adding this critical investment spending," Barclay concluded.
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ABOUT AAAE: Founded in 1928, AAAE is the world’s largest professional organization representing the men and women who work at public-use commercial and general aviation airports. AAAE’s 5,000-plus members represent some 850 airports and hundreds of companies and organizations that support the airport industry. Headquartered in Alexandria, Va., AAAE serves its membership through results-oriented representation in Washington, D.C., and delivers a wide range of industry services and professional development opportunities, including training, conferences, and a highly respected accreditation program.
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