Posted on 03/14/2011 12:04:28 PM PDT by maggief
Democratic Sen. John Kerry (Mass.) will introduce bipartisan legislation later this week to create a federal infrastructure bank to fund major projects around the nation, an aide told The Hill.
Kerry has at least one Republican senator backing the initiative — the American Infrastructure Financing Authority — that will initially cost about $10 billion and provide loans and loan guarantees for large, much-needed infrastructure projects.
(Excerpt) Read more at thehill.com ...
Ron Wyden.
Guaranteed to screw those fighting foreclosure due to bank corruption. Protect the banks that provide campaign money and screw the American people.
More evidence that we are approaching insolvency. And Kerry's Bill is more evidence that liberals will stop at nothing to continue to spend, spend, spend .....
I wonder what new projects the liberals want to get off the ground. Is this a back door way for the Federal Gov't to once again bail out the states?
Another Gov’t agency. No thanks. It never stops.
High speed rail, perhaps?
Do we not already have many, many methods of funding both good and bad infrastructure projects? If so, then why do we need to spend $10 billion on a new one?
We’ve squeezed all the corruption we can out of Freddy and Fannie and left those failed organizations on the ash-heap
We will need a new source for politicized Government lending and skimming - a national “infrastructure bank” sounds like just the thing!
Pork. Debt big. Must not spend more.
Must use small words when talking to collectivists.
Let me get this straight, the government is inept, bloated, and over regulated and they can’t balance a budget or control their spending no matter how hard they try, and Kerry wants to create a government-run bank? Yah, that’s a great idea < /sarcasm >
http://thomas.loc.gov/cgi-bin/query/z?c112:H.R.402:
H.R.402 -- National Infrastructure Development Bank Act of 2011 (Introduced in House - IH)
The usual anti-capitalism hysteria on this supposedly conservative forum.
Good grief! A federal infrastructure bank?
This completely exposed JFnKerry’s lack of understanding about commerce and function of banks, and the federal role in the area.
So the initial pile of money is to be 10 billion taxpayer money, after that is spent, then what? At the request of FIB, treasury will print more?
And who ever that other some bipartisan numbskull better watch out, you are prime target for the next tea party clean house.
It’s conservative not to trust government and a democrat senator.
http://www.ctmirror.org/story/11635/i-bank
Has the time come for the ‘Infrastructure Bank’?
February 24, 2011
By Deirdre Shesgreen
EXCERPT
Rep. John Mica, R-Fla., the new chairman of the House Transportation and Infrastructure Committee, said he’ll look closely at the idea. “I’m a fan of creating financing,” he said.
This is another Fannie and Freddy: the government channeled its social engineering projects trough those banks. They have managed to persuade even some "conservatives" here that it was the banks that created the housing crisis, but it was precisely the social engineering (Community Reinvestment Act 1998) that did it.
The American public falls for it. Angered by CEOs' bonuses and Wall Street "speculation," even conservatives attack wrong targets and cheer Leftists' dismantling of the last capitalist economy in the world.
How is a government slush fund in any way connected to capitalism? Crony capitalism maybe.
If John Kerry is introducing the bill, it has got to be bad for America.
I completely agree, but that's not what you said in the previous post. Attacking capitalism on false grounds is not conservative at all: it is serving as "useful idiot" to socialists.
Mica is toast..he needs a tea party ASAP
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