But USA Inc.’s Investment in Infrastructure Has Been Steadily Declining for Five Decades... USA Inc. (Federal) Investment in Infrastructure as % of GDP, 1950 -2008 a [= U) =) 32 % 2 DG mm fom A mm mem = mee me mm — ae mm me me ne = = = 2 = £ G BE 0.5% --------------------")-------------- +--+ = 222-222-2222 222222222225 a é 7) 2 < ” 2 0.0% a a a i a i a a as 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 K p Source: BEA. i USA Inc. | What Might a Turnaround Expert Consider? 375 ...Leading to Deteriorating Infrastructure in America and Pent-Up Demand for Investment American Society of Civil Engineers’ Report Card Grades for America’s Infrastructure, 1988 vs. 2009 1988 2009 Aviation B- D Bridges -- Cc Dams -- D Drinking Water B- D- Energy -- D+ Hazardous Waste D D Inland Waterways B D- Levees -- D- Rail -- C- Roads C+ D- School Buildings D D Solid Waste C- C+ Transit C- D Wastewater Cc D- Overall USA Infrastructure G.P.A. Cc D Cost to Improve -- $2.2T Note: The first infrastructure grades were given by the National Council on Public Works Improvements in its report “Fragile Foundations: A Report on America’s Public Works, released in February 1988.” Source: American Society of Civil Engineers, “2009 Report Card for America’s Infrastructure”. (@)E) www.kpcb.com USA Inc. | What Might a Turnaround Expert Consider? 376 HOUSE_OVERSIGHT_021029