This is how a trillion appears from the magic bucket. You think like a Soviet planner...a six-year plan is likely. So you break this up into a $100-$120 billion a year. Then it actually looks achievable.
The problem here is two-fold. We need this to show strong results within twelve months (if the President wanted to have it help him in the election)....so a small amount of $120 billion on infrastructure won’t really do much over twelve months. Then you kind of mention the comment “shovel-ready”, which we know is non-existent.
I will add one other comment over this...much of this infrastructure thinking....comes to major urban areas (Boston, Philly, New York, Miami, Milwaukee, St Louis, etc). By the time you break up $120 billion a year....you basically end up with a very small amount of money per each region. Then you can ask the question about some rural areas like west Texas or southern Mississippi. You might find a $12 million-dollar road project for some town out in west Texas, but it’s a one-shot deal for that community because they won’t get anything else by the time you spread this out.
The honest truth....to make the trillion help America...it needs to flushed out into the system over eighteen months and pretty spread out to help rural communities just as much.
And then the final question....where the heck does the money come from? In 2008, we could have answered that...but the stimulus has come and gone. So our one shot has been used up already.
Here's a doozy:
>>>>You've obviously never studied economics. Govt spending does not take money out of the private economy. The govt borrows money that people do not want to invest in the private sector and puts the money into the private sector via govt spending.
The concept you are struggling to comprehend is called crowding out.<<<<
So, I guess the Left thinks that there would be nothing detriMENTAL about this...big emphasis on MENTAL.