Citizen Agenda: A Report For Members Of Illinois PIRG
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Transportation

A Call For 21st Century Transit
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IMPROVING PUBLIC TRANSPORTATION OPTIONS—Illinois PIRG’s Brian Imus at a press event at Chicago’s Union Station. Illinois PIRG is calling for increased investment in public transit.

On the heels of the Wall Street bailout, Illinois PIRG joined with community and business leaders to call on the president and Congress to strengthen our local and national economies by building a 21st century transportation system.

At Union Station, Illinois PIRG, along with our partners in the Transportation for America Campaign (T4) released “Build for America: A Five-Point Plan to Get Our Economy Moving,” which calls for investing in public transit, high-speed and intercity rail, neighborhoods that are less car-dependent, and the restoration of thousands of roads and bridges across the United States. The plan has the potential to create millions of jobs nationally, save every American thousands of dollars per year, and reduce our dependence on oil.

“Our lawmakers in Springfield and in Washington, D.C., should act to strengthen our economy by building 21st century transportation,” said Brian Imus, director of Illinois PIRG. “Investment in transit will produce the best returns for our economy and our communities.”

Better Transportation Options

We’re asking President Obama and Congress to work together to:

  • Modernize and expand our rail and transit networks to reduce oil dependence and connect the metro regions that drive our economy. 

  • Fix what’s broken before building new roads, and restore our crumbling highways, bridges and transit systems.

  • Stop wasteful spending and re-evaluate projects that would provide little economic return or that could deepen our oil dependence.

  • Save Americans money by providing more transit options that are affordable and efficient and help people to avoid high gas costs and traffic congestion.

Financial Security

Wall Street Bailout: Where Did All The Money Go?

As Congress and President Bush rushed to pass legislation to bail out Wall Street last fall, Ed Mierzwinski, a senior fellow in Illinois PIRG’s Washington, D.C., office, warned that the law didn’t do enough to hold banks accountable or protect the interests of most Americans.

“The hastily developed law gave unprecedented spending authority to a single individual in the administration, but it lacked basic protections for taxpayers and assistance to homeowners,” said Mierzwinski.

For example, in December, the government invested $20 billion in Citigroup and backed more than $300 billion worth of the company’s loans and securities.

“It’s sweet for Citigroup,” said Mierzwinski, in a story posted on TheHill.com, “[but] I don’t see the taxpayers getting the benefits they need.”

Illinois PIRG and other state PIRGs are backing a detailed set of reforms to re-regulate Wall Street, protect taxpayers, and hold the financial industry accountable.

For more details, visit www.illinoispirg.org/financial-privacy-security/wall-street-oversight. Click on “Wall Street Oversight.”

Illinois PIRG
Citizen Advocate
Winter 2009
Vol. 20, No. 1







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