White House to unveil $1.5 trillion infrastructure plan
Source: The HILL
The White House on Monday will unveil its long-awaited $1.5 trillion infrastructure package aimed at overhauling U.S. public works.
The plan is structured around four goals: generate $1.5 trillion for an infrastructure proposal, streamline the permitting process down to two years, invest in rural infrastructure projects and advance workforce training.
http://launch.newsinc.com/embed.html?trackingGroup=91690&siteSection=ndn&videoId=33527986
Read more: http://thehill.com/policy/transportation/373357-white-house-to-propose-15-trillion-infrastructure-proposal?rnd=1518386093/?userid=216387
While this infrastructure Bill surprises me - how big s slice of that pie, the Donald gang will get - won't surprise anybody
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Link to tweet
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BeyondGeography
(39,380 posts)Actually, it will be far worse when NY and CA and others figure out their SALT cap work-arounds.
dicksmc3
(262 posts)It will add another 1.5 TRILLION to the debt and when Dems take over the cry will be ""OUR DEBT IS HURTING US WE HAVE TTHE SOCIAL SAFETY NET!!" Does this sound familiar?? The Repugs use it every time they run up the debt and when they get ousted that's their cry!!
dicksmc3
(262 posts)Please all DUer's read the article written by Thom on the website Alternet. He explains the CON JOB repugs have used for quite awhile. https://www.alternet.org/right-wing/two-santa-clauses-or-how-gop-conned-america-nearly
Then pass it on...Thanks Thom
laserhaas
(7,805 posts)BigmanPigman
(51,630 posts)most likely do. That's what they do in CA. Voters approved a 12 cent per gallon increase last year.
Bernardo de La Paz
(49,044 posts)laserhaas
(7,805 posts)Hi 5....nailed the inane insane of it all..with 1 simple ???
torius
(1,652 posts)visible from space!
William Seger
(10,779 posts)Bernardo de La Paz
(49,044 posts)mr_lebowski
(33,643 posts)It'll be there cause of the YUUUUUGE revenues that'll trickle down from the Tax Cuts, plus cutting the Mandate, plus the new work requirements for Medicaid which'll bigly cut the rolls and put bajillion$ into State coffers, plus getting rid of all the pesky regulations on crap like worker/air/water safety ... and plus the stock market.
Or something ...
SunSeeker
(51,715 posts)laserhaas
(7,805 posts)Just sayin...
SunSeeker
(51,715 posts)secondwind
(16,903 posts)Generate 1.5 trillion.......
Sounds like privatization to me.
Oldtimeralso
(1,937 posts)How much for Amtrak?
Remember that is Nixon's creation!
JohnnyRingo
(18,641 posts)From what I've been reading in early releases he thinks businesses will for some reason shoulder the expense if the govt kicks in a small percent. Maybe he's planning a great era of new toll bridges, highways, and a federal EZ Pass.
What could he see in rural "infrastructure"? I have no idea.
That's EXACTLY what he's got in mind.
The taxpayer gets shiny new infrastructure, BUT it comes with strings attached, like tolls and/or exorbitantly expensive maintenance contracts locked-in for decades.
Look what happened with the PFI (Private Finance Initiative) deals in the UK over recent decades. Local authorities and the NHS are being buried under the resultant debt.
https://www.hackneykeepournhspublic.org/privatisation-3-pfi-buildings--infrastructure.html
If would of course have been cheaper for the government to borrow the money to invest in the infrastructure - particularly when interest rates have been so low.
bucolic_frolic
(43,296 posts)this is one inflationary mess
mr_lebowski
(33,643 posts)That is if I'm recalling Econ 101 correctly
I sense though you're suggesting that this debt is going to cause the inflation itself? That's more complex and outside my very basic 'understanding' of economics.
bucolic_frolic
(43,296 posts)that borrowing prior to inflation allows repayment in dollars that are easier to earn.
I don't recall the 70s as a time when dollars were easy money
you borrowed, you add interest, you repay and repay as the products you use daily are costing you more and more, leaving you with less and less
Economists never get it right. they just argue who is right.
Nitram
(22,890 posts)turbinetree
(24,720 posts)Hey fellow boys and girls, I will go back and help perpetrate this infrastructure scam, I got a do nothing right wing republican congress, that is all in for kleptocracy, I'm committing treason, just look at how I have lackey's attacking the agencies and the rule of law, and have bigly deflection going on, I tweet and the media gobbles it up, and then I have Fix Noise running interference on the con right, and we can all laugh all the way to the bank and get 1.5 trillion, what do you say, are you in....................................
November 2018 cannot get here fast enough
Tikki
(14,559 posts)Then watch the infrastructure crumble before it should because
nothing will be in place to protect us from trump and the swamp lining
their money pockets with trump failures.
They do not care.
Tikki
benld74
(9,910 posts)to pay for the plan. GOP said NO. Everything #44 proposed GOP said NO.
NOW with tRump GOP is Yes sir Yes sir !!!!
Bengus81
(6,932 posts)Former Gov Brokeback and Republicans LOOTED funds that were in our KDOT safe for doing road projects,bridges etc. They LOOTED the funds to give Kansas Corporations a ZERO tax rate for over FOUR YEARS. That's now been rolled back but it will be YEARS before KDOT can once again be fully funded.
Trump and Republicans will do like Brownback did--RAISE TAXES (sales tax twice in Kansas) and then use the money for the RICH and Corporations. Don't believe for a SECOND that KING CON Donnie raising the Fed fuel tax will go towards infrastructure.