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riversedge

(70,095 posts)
Mon Oct 26, 2015, 08:49 PM Oct 2015

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

20 replies = new reply since forum marked as read
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Clinton calls for national infrastructure bank (Original Post) riversedge Oct 2015 OP
Excellent policy. Agnosticsherbet Oct 2015 #1
As did Sanders, back in the spring. Wilms Oct 2015 #2
This message was self-deleted by its author jeff47 Oct 2015 #8
This was a GOP idea.... Spitfire of ATJ Oct 2015 #3
The concept is good as long as you don't leave it to the local boys to decide who gets the jobs. Baitball Blogger Oct 2015 #4
We used to pay for this stuff with bonds.... Spitfire of ATJ Oct 2015 #6
The concept is to give Wall Street a few percent on every infrastructure project. jeff47 Oct 2015 #10
Bi-Partisan... SkyDaddy7 Oct 2015 #14
When DC hails something as "bipartisan" it's to avoid criticism from both sides.... Spitfire of ATJ Oct 2015 #15
NUTS! SkyDaddy7 Oct 2015 #16
It WAS originally a GOP idea.... Spitfire of ATJ Oct 2015 #18
Hillary is moving and making a way to rebuild the infrastructure is a win win for Thinkingabout Oct 2015 #5
Bernie Sanders has been talking about fixing our INdemo Oct 2015 #7
"Infrastructure bank" is a shitty Republican idea. jeff47 Oct 2015 #9
She steals every good idea Bernie has. Major Hogwash Oct 2015 #11
Leave Wall street out of it silenttigersong Oct 2015 #12
This message was self-deleted by its author silenttigersong Oct 2015 #13
Although infrastructure is a major issue for me since I drive on major roads, Nedsdag Oct 2015 #17
DLC wants infrastructure banks to finance nuclear boondoggles bananas Oct 2015 #19
I'm not exactly sure what an infrastructure bank is? hollowdweller Oct 2015 #20

Response to Wilms (Reply #2)

Baitball Blogger

(46,684 posts)
4. The concept is good as long as you don't leave it to the local boys to decide who gets the jobs.
Mon Oct 26, 2015, 09:13 PM
Oct 2015

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)
6. We used to pay for this stuff with bonds....
Mon Oct 26, 2015, 09:31 PM
Oct 2015

Back in the days when it was patriotic to invest in America.

Bonds even paid for wars.

jeff47

(26,549 posts)
10. The concept is to give Wall Street a few percent on every infrastructure project.
Mon Oct 26, 2015, 10:47 PM
Oct 2015

It is not a good concept.

SkyDaddy7

(6,045 posts)
14. Bi-Partisan...
Tue Oct 27, 2015, 03:16 PM
Oct 2015

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)
15. When DC hails something as "bipartisan" it's to avoid criticism from both sides....
Tue Oct 27, 2015, 04:03 PM
Oct 2015

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)
16. NUTS!
Tue Oct 27, 2015, 05:35 PM
Oct 2015

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)
18. It WAS originally a GOP idea....
Tue Oct 27, 2015, 08:15 PM
Oct 2015

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)
5. Hillary is moving and making a way to rebuild the infrastructure is a win win for
Mon Oct 26, 2015, 09:19 PM
Oct 2015

Americans, it gets jobs and the result will be an improved infrastructures. Who is against jobs and infrastructure.

INdemo

(6,994 posts)
7. Bernie Sanders has been talking about fixing our
Mon Oct 26, 2015, 09:33 PM
Oct 2015

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)
9. "Infrastructure bank" is a shitty Republican idea.
Mon Oct 26, 2015, 10:46 PM
Oct 2015

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.

silenttigersong

(957 posts)
12. Leave Wall street out of it
Tue Oct 27, 2015, 10:19 AM
Oct 2015

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)

Nedsdag

(2,437 posts)
17. Although infrastructure is a major issue for me since I drive on major roads,
Tue Oct 27, 2015, 06:14 PM
Oct 2015

all I can say is "good luck" getting that passed through a gerrymandered house.

I don't see it happening any time soon.

 

hollowdweller

(4,229 posts)
20. I'm not exactly sure what an infrastructure bank is?
Wed Oct 28, 2015, 12:25 AM
Oct 2015

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?
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