Posted on 08/03/2016 6:32:05 PM PDT by repentant_pundit
Donald Trump vows to spend twice as much as Hillary Clinton to fix America's roads, bridges and internet capacity.
"Nobody can build better than I can. Nobody knows construction better," Trump said Tuesday in an interview with Fox Business. This isn't the first time Trump has promised he'll repair America's infrastructure, but now he's putting a dollar figure on just how much he thinks is needed.
Clinton's plan is for $275 billion to be spent over five years, a plan that experts across the political spectrum call her best economic idea, which will be a huge boost to the economy. Trump says he will do "at least double" that.
"You're going to really need more than [Clinton's plan]," Trump said on Tuesday. "We have bridges that are falling down."
"The one thing we know about infrastructure spending is it's going to happen," says economist Peter Morici of the University of Maryland. "It's one of the few things Hillary promises to do within the first 90 days. Now Trump is saying he wants to do it."
There's bipartisan agreement to act. The debate now between Republicans and Democrats is how to pay for it. Clinton has said she would raise taxes on businesses to fund more spending and she would also start an "infrastructure bank." That's basically a public-private partnership where the government puts in some money and private investors put in the rest.
So far, Trump is vague on the specifics. "We have to fix our infrastructure. But we have to fix it without cost overruns," Trump said this week. He proposes "infrastructure bonds" that "people and investors" would buy. He also mentioned setting up an infrastructure fund, which sounds a lot like Clinton's idea.
(Excerpt) Read more at money.cnn.com ...
Clinton will spend more on al Qaeda,
on slavery promotion,
and on giving nuclear arms to Iran.
Really? We can spend our way to prosperity! Who would have guessed?
I am at the point where I do not even switch to CNN or even click on their links to add to their ratings.
“which sounds a lot like Clinton’s idea.”
Except her idea is a pay-to-play plan. It’s a shame Trump let her get ahead of him on this issue; he talked about it a few times early on, but never really rolled a plan out.
Bill will be a busy Laddy collecting all those donations to the Clinton Foundation
Brilliant bond fund idea by Trump. Private money - private returns - capex for America. MAGA!!
I just watched both his speeches today. He clearly mocked shovel ready and talked about eliminating cost overruns.
Get the gov’t out of their lives and get the economy moving forward again and all kinds of great things can happen.
This years highway bill was $305 BBBillion.
How much freakin’ money do they need?
Did he mention where the money is coming from?
Obama spent a trillion when he was new and what was the result?
LOL! See tagline...
The $400 million that went to Iran was designated in part to rebuilding Iran’s infrastructure. Then Shrillary goes out there and decries the fact that our infrastructure is in a shambles.
I am in the middle of a 3000 mile, 20 state road trip. There is literally road and bridge construction on every single road I have traveled. I am lucky to travel 30 minutes without going through a construction zone. If there was any more road construction started, it would be nearly impractical to travel by car or truck.
Yes, bonds sold to the public.
At least these investors would voluntarily loan their own money to the government for some promised % return.
Money wouldn't be picked out of our pockets, or put on the limitless, bottomless Fed Credit Card.
.
At least not until it's time to repay the investors.
.
“Clinton’s plan is for $275 billion to be spent over five years, a plan that experts across the political spectrum call her best economic idea, which will be a huge boost to the economy.”
The $275 billion will go to unions and the work will be slow and overbudget like union work always is. The $275 billion will precipitate contributions to the Clinton Foundation so the money will leave the US only to nightmarishly reappear as 1st Class travel by everyone named Klinton, fancy dinners for Middle Eastern visitors, etc.
This $275 billion won’t help the economy at all. All crap!
Is that in addition to the already allocated $305B/5yr approved for infrastructure by Congress December 2015?
They really think we’re stupid. and that’s what pisses me off!!!
If the government issues the bonds the government is on the hook to the investors. I thought conservatives did want the government to interfere in free markets.
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