Reuters: US leaders say more infrastructure spending needed

From Reuters:

The governor of America's largest state and the mayor of its largest city called on the federal government on Sunday to dramatically boost its spending on bridges, sewers, high-speed rail and other infrastructure.  California Gov. Arnold Schwarzenegger and New York Mayor Michael Bloomberg, along with Pennsylvania Gov. Ed Rendell, said on NBC's "Meet the Press" the United States needs to spend up to $1.6 trillion to make up for decades of neglect and stay globally competitive.  "In order for the economy to thrive and live up to 100 percent of its potential, you need to move people and goods around very quickly, and so if that falls behind then the economy falls behind," said Schwarzenegger, a Republican.