Trump: Government Not to Fund $1 trillion Infrastructure Improvements

[Zippyjuan]

Despite promising to spend $1 trillion on infrastructure. Promises made- promises kept?

https://www.nytimes.com/2017/06/03/u...-business.html

WASHINGTON — President Trump will lay out a vision this coming week for sharply curtailing the federal government’s funding of the nation’s infrastructure and calling upon states, cities and corporations to shoulder most of the cost of rebuilding roads, bridges, railways and waterways.

He will also endorse a plan to privatize and modernize the nation’s air-traffic control system. That plan, which is to be introduced on Monday at the White House and the subject of a major speech in the Midwest two days later, will be Mr. Trump’s first concrete explanation of how he intends to fulfill a campaign promise to lead $1 trillion in United States infrastructure projects. The goal is to create millions of jobs while doing much-needed reconstruction and updating. But the actual details of the initiative are unsettled, and a more intricate blueprint is still weeks or even months from completion.

What the president will offer instead over the coming days, his advisers said, are the contours of a plan. The federal government would make only a fractional down payment on rebuilding the nation’s aging infrastructure. Mr. Trump would rely on a combination of private industry, state and city tax money, and borrowed cash to finance the rest. It would be a stark departure from ambitious infrastructure programs of the past, in which the government played a major role and devoted substantial resources to paying the cost of large-scale projects.

“We like the template of not using taxpayer dollars to give taxpayers wins,” said Gary Cohn, director of the National Economic Council and an architect of the infrastructure plan, in an interview Friday in his West Wing office.

[angelatc]

Good. This is how it is supposed to work.

[Swordsmyth]

Trump: Government Not to Fund $1 trillion Infrastructure Improvements

Despite promising to spend $1 trillion on infrastructure. Promises made- promises kept?

QUOTE WASHINGTON — President Trump will lay out a vision this coming week for sharply curtailing the federal government’s funding of the nation’s infrastructure and calling upon states, cities and corporations to shoulder most of the cost of rebuilding roads, bridges, railways and waterways.

He will also endorse a plan to privatize and modernize the nation’s air-traffic control system. That plan, which is to be introduced on Monday at the White House and the subject of a major speech in the Midwest two days later, will be Mr. Trump’s first concrete explanation of how he intends to fulfill a campaign promise to lead $1 trillion in United States infrastructure projects. The goal is to create millions of jobs while doing much-needed reconstruction and updating. But the actual details of the initiative are unsettled, and a more intricate blueprint is still weeks or even months from completion.

What the president will offer instead over the coming days, his advisers said, are the contours of a plan. The federal government would make only a fractional down payment on rebuilding the nation’s aging infrastructure. Mr. Trump would rely on a combination of private industry, state and city tax money, and borrowed cash to finance the rest. It would be a stark departure from ambitious infrastructure programs of the past, in which the government played a major role and devoted substantial resources to paying the cost of large-scale projects.

“We like the template of not using taxpayer dollars to give taxpayers wins,” said Gary Cohn, director of the National Economic Council and an architect of the infrastructure plan, in an interview Friday in his West Wing office. ENDQUOTE

https://www.nytimes.com/2017/06/03/u...-business.html

By you this is BAD?

[timosman]

Zippy owns too many sites. This is RPF Zippy.

[acptulsa]

Good. This is how it is supposed to work.

But without a federal tax cut, so localities can make up the revenue they won't be getting back from Washington, it won't work.

Washington has been bleeding us white for fifty years, and that has been endured because if the states and counties jump through enough hoops, at least some of the taxes paid in those places have come back to those places. Trump is taxing us as much as before (he's promising to lay off, but so far, federal taxes haven't actually been cut a penny). So it seems all that money will be going to Lockheed Martin and Boeing on its way to Afghanistan and Syria. And if we want not to fall, with our bridges, into our rivers, we get to make up the difference in higher state and local taxes.

I don't mind cutting Washington out of the process one bit. But unless and until the federal fuel tax is eliminated, it's just another case of an earmarked revenue stream being diverted from muh roads to imperialism and war. Are you sure this is how it's supposed to work? Federal fuel taxes for overseas adventurism and other federal morasses? Really?

Is it time to nuke D.C. yet? Or are we still waiting to see if Trump keeps a campaign promise or two first? The Democrats spent eight years hoping for Obama to change into a keeper of his promises. Are Republicans just as gullible as that?

And are there any libertarians left on this site who can do math well enough to spot robbery and decry it, instead of saying, 'This is how it's supposed to work'?

[CPUd]

But the local PDs still get tanks, right?

[Dr.3D]

But the local PDs still get tanks, right?

"Got to keep the loonies on the path"

[NorthCarolinaLiberty]

Despite promising to spend $1 trillion on infrastructure. Promises made- promises kept?

A politician not keeping his "promise?" This is unprecedented!

[TER]

Good. This is how it is supposed to work.

+1

[TER]

I think we may be turning a corner. The DNC is imploding and the extreme left is now eating the establishment. Like a chicken with its head cut off, it is running aimlessly and without sure direction.

The Democratic Party brand is in free fall and, like a meteor falling through the atmosphere, it is coming apart as it descends. Interesting to see the well-fed and well-paid entertainers (read: celebrities) who live the high life and are now in a tizzy and desperately trying to keep the sinking ship of debauchery and moral relativism from completely capsizing.

I think by the end of the summer, we begin to see a significant paradigm shift.

[spudea]

Despite promising to spend $1 trillion on infrastructure. Promises made- promises kept?

https://www.nytimes.com/2017/06/03/u...-business.html

It would be a stark departure from ambitious infrastructure programs of the past, in which the government played a major role and devoted substantial resources to paying the cost of large-scale projects.

This is 100% lying failing pile of garbage media. The Trump plan was understood from the beginning to be a public/private partnership and an infrastructure bank facilitating low cost loans. It was never understood to be the federal government committing $1 trillion in new funding.

[Chester Copperpot]

Despite promising to spend $1 trillion on infrastructure. Promises made- promises kept?

https://www.nytimes.com/2017/06/03/u...-business.html

Maybe Trump will just order the Treasury to print up $1 Trillion worth of US Notes instead of Federal Reserve Notes and we can get the money for free...

[Madison320]

But without a federal tax cut, so localities can make up the revenue they won't be getting back from Washington, it won't work.

Washington has been bleeding us white for fifty years, and that has been endured because if the states and counties jump through enough hoops, at least some of the taxes paid in those places have come back to those places. Trump is taxing us as much as before (he's promising to lay off, but so far, federal taxes haven't actually been cut a penny). So it seems all that money will be going to Lockheed Martin and Boeing on its way to Afghanistan and Syria. And if we want not to fall, with our bridges, into our rivers, we get to make up the difference in higher state and local taxes.

I don't mind cutting Washington out of the process one bit. But unless and until the federal fuel tax is eliminated, it's just another case of an earmarked revenue stream being diverted from muh roads to imperialism and war. Are you sure this is how it's supposed to work? Federal fuel taxes for overseas adventurism and other federal morasses? Really?

Is it time to nuke D.C. yet? Or are we still waiting to see if Trump keeps a campaign promise or two first? The Democrats spent eight years hoping for Obama to change into a keeper of his promises. Are Republicans just as gullible as that?

And are there any libertarians left on this site who can do math well enough to spot robbery and decry it, instead of saying, 'This is how it's supposed to work'?

I agree. It doesn't make sense. If 1 trillion in infrastructure gets spent, where else would the money come from but the govt?

[angelatc]

But without a federal tax cut, so localities can make up the revenue they won't be getting back from Washington, it won't work.

Washington has been bleeding us white for fifty years, and that has been endured because if the states and counties jump through enough hoops, at least some of the taxes paid in those places have come back to those places. Trump is taxing us as much as before (he's promising to lay off, but so far, federal taxes haven't actually been cut a penny). So it seems all that money will be going to Lockheed Martin and Boeing on its way to Afghanistan and Syria. And if we want not to fall, with our bridges, into our rivers, we get to make up the difference in higher state and local taxes.

I don't mind cutting Washington out of the process one bit. But unless and until the federal fuel tax is eliminated, it's just another case of an earmarked revenue stream being diverted from muh roads to imperialism and war. Are you sure this is how it's supposed to work? Federal fuel taxes for overseas adventurism and other federal morasses? Really?

Is it time to nuke D.C. yet? Or are we still waiting to see if Trump keeps a campaign promise or two first? The Democrats spent eight years hoping for Obama to change into a keeper of his promises. Are Republicans just as gullible as that?

And are there any libertarians left on this site who can do math well enough to spot robbery and decry it, instead of saying, 'This is how it's supposed to work'?

I don't disagree, but tax money wasn't going to be used for this anyway. It would have just been more debt.

[Dr.3D]

Who has the power to cut up the credit cards of the United States?

Congress is supposed to hold the purse strings, but it seems the majority vote is in on the take.

[oyarde]

But the local PDs still get tanks, right?

Those should be used to make bridges . Only one needs a tank is me .

[oyarde]

Maybe Trump will just order the Treasury to print up $1 Trillion worth of US Notes instead of Federal Reserve Notes and we can get the money for free...

A one trillion coin , a one trillion bill seems a little Zimbabwe .

[tod evans]

Who has the power to cut up the credit cards of the United States?

Congress is supposed to hold the purse strings, but it seems the majority vote is in on the take.

When congress members who fail to act responsibly can be found swinging from trees and lampposts for their unethical and immoral spending habits maybe then the body would represent its constituency...

Maybe.

[Dr.3D]

When congress members who fail to act responsibly can be found swinging from trees and lampposts for their unethical and immoral spending habits maybe then the body would represent its constituency...

Maybe.

I suspect they are afraid of what their constituents might do if they did actually cut costs.

[tod evans]

I suspect they are afraid of what their constituents might do if they did actually cut costs.

It's going to come down to which group scares them more....

Either way the noose has already been placed around their figurative necks....