Posted on 02/11/2018 8:37:41 PM PST by Innovative
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.
The current system is fundamentally broken and it’s broken in two different ways,” a senior administration official told reporters in a Saturday phone call. “We are underinvesting in our infrastructure, and we have a permitting process that takes so long that even when funds are adequate, it can take a decade to build critical infrastructure.”
The Trump administration confirmed a $200 billion direct federal investment for the package, which will be included in the White House’s Monday spending blueprint for fiscal 2019.
(Excerpt) Read more at thehill.com ...
NOTHING about increasing spending is “good”.
If obummer did this, we would be screaming.
Let’s keep it real, for goodness’ sake.
This will cost the taxpayer a trillion bucks and add to the debt, as the new budget does also.
Since when is all of this “good”?
and advance workforce training.
A trillion here, a trillion there.
Pretty soon you’re talking about real money.
And YES, as anyone here who has EVER watched our govt work, it WILL cost us a trillion in the end. If we’re lucky.
A trillion here and a trillion there, and pretty soon you’re talking about real money.
Much better to spend the money on infrastructure, rather than supporting a bunch of no-good bums living off welfare all their lives.
Dang, i Did not copy what you wrote, but that statement is so obvious.
The option of not spending the money does exist.
The last time this was done, I believe about a tenth of it was spent on infrastructure and the rest on junk that gave no rate of return on investment.
If President Trump spends this in a way that increases economic activity by more than $1.5 trillion, it will more than pay for itself. But otherwise it just adds more to the negative side of the balance sheet with compounding interest.
Gotta be quicker, FRiend... ;^)
The Trump Porkulus, more or less identical to the Obama Porkulus. They seem to honestly believe that we can borrow and spend our way to prosperity.
“Meet the New Boss, same as the Old Boss.”
That’s what’s so frightening. Trillion’s the new billion.
People don’t stop to realize what a Brogdingnagian number a trillion is.
It’s one thousand millions. Yet we’re tossing the figure around like New Year’s revelers of 1929. It’s unnerving.
“Trillion’s the new thousand” says “buy gold.”
We’ve poured 6 trillion down the middle east Iraq and Afghan rat hole. It would have been better spent here.
Much better to spend the money on infrastructure, rather than supporting a bunch of no-good bums living off welfare all their lives.
I bet there won’t be $100’s of millions of dollars sent to sham non-profits like happened with Stimulus money.
Trillion? Workforce training? Ah yes. We need the feds to help with that.
There better be a wall in there somewhere. Why not just spend a quadrillion and get it over with.
Yep. It's even more money than the Obama stimulus plan.
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