Clinton calls for national infrastructure bank
Source: the Hill
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By Keith Laing - 10/26/15 09:45 AM EDT
Democratic presidential front-runner Hillary Clinton is calling for the creation of a national infrastructure funding bank to help pay for transportation projects as Congress struggles to find ways to finance road construction.
Federal transportation funding is set to expire on Thursday, and lawmakers are considering passing a three-week extension as they try to come up with ways to pay for a multiyear highway bill.
Clinton said in a high-profile speech at the Iowa Democratic Party's Jefferson-Jackson Dinner over the weekend that an infrastructure bank could be the solution to the transportation funding problem.
"We should establish an infrastructure bank to put Americans to work building our roads, our bridges, our airports, our rails [and] our broadband networks," the former secretary of State said in her speech on Saturday night.
Transportation advocates have called for the establishment of a national infrastructure bank to prevent potential interruptions in the nation's road and transit funding, like the one that could occur on Thursday if Congress does not pass an extension. ..
Read more: http://thehill.com/policy/transportation/258064-clinton-calls-for-national-infrastructure-bank
Agnosticsherbet
(11,619 posts)Wilms
(26,795 posts)Response to Wilms (Reply #2)
jeff47 This message was self-deleted by its author.
Spitfire of ATJ
(32,723 posts)Howzabout we have an ex-Citigroup or ex-Goldman buddy run it?
Baitball Blogger
(46,684 posts)The last time the feds were interested in building a road through our town there were major local shenanigans afoot.
Spitfire of ATJ
(32,723 posts)Back in the days when it was patriotic to invest in America.
Bonds even paid for wars.
jeff47
(26,549 posts)It is not a good concept.
SkyDaddy7
(6,045 posts)Chris Dodd & Chuck Hagel were the first to propose such legislation in 2007...President Obama backed it in 2008.
Different versions have been proposed since.
Spitfire of ATJ
(32,723 posts)You're reaction is supposed to be, "Oh, that's okay then."
Here's a test: Chris Dodd worked with Barney Frank on Wall Street reform.
Ask Chris Dodd if he thinks bankers should go to jail for the crash.
SkyDaddy7
(6,045 posts)You said it was a GOP idea, you were mistaken...Not sure why you had to talk about unrelated stuff everyone has known for years. But if it made you feel better then YAY!
Spitfire of ATJ
(32,723 posts)It's a way for the private sector to get its claws into things that should belong to the public.
On edit: Prior point being Chris Dodd is no friend of the little guy.
Thinkingabout
(30,058 posts)Americans, it gets jobs and the result will be an improved infrastructures. Who is against jobs and infrastructure.
INdemo
(6,994 posts)Infrastructure and creating jobs since he started his campaign.Now they( the media) is treating this as if ..Wow what a great idea Hillary. Hillary Clinton is such a phony Really.
Hillary is
Owned by Goldman Sachs and Wall St. still making payments.
jeff47
(26,549 posts)The idea is that Wall Street would "deposit" money into the bank, which would then use the funds to pay for infrastructure projects. And Wall Street would get a lovely return on investment.
Fuck giving Wall Street a lovely return on investment. Raise taxes and build stuff.
Major Hogwash
(17,656 posts)Next month she is going to make a speech on peace.
silenttigersong
(957 posts)without a new tax structure this is ludicrous.A higher tax on the cooperations that benefit from the infrastructure is needed.Government should not allow wall street to get their greedy paws into this.a
luxury tax on carbon emissions for the 1%,more thinking about public transportation, a system that is less polluting.The 2008 bailout was an opportunity to begin a more stealthy transition off of fossil fuels.
Response to riversedge (Original post)
silenttigersong This message was self-deleted by its author.
Nedsdag
(2,437 posts)all I can say is "good luck" getting that passed through a gerrymandered house.
I don't see it happening any time soon.
bananas
(27,509 posts)hollowdweller
(4,229 posts)If it involves private companies somehow making interest money off of building roads etc., I think that is not a good idea.
For the roads I mean gasoline is at record lows why not raise the gas tax a 5 or 10 cents to pay for road repair? Or tax the big trucks that really tear up the road more.
Then use that money to fund road repair. That way we're not wasting money paying interest to some private company (if that is how it works?)
Can somebody explain it to me in a way that it sounds good?