Jimmy Higgins
Contributor
- Joined
- Jan 31, 2001
- Messages
- 45,987
- Basic Beliefs
- Calvinistic Atheist
Trump seems to want the Government to pay for one thing, and one thing only... a wall along the Mexican border. Trump bragged during his campaign about his commitment to infrastructure. Early thoughts seemed to suggest spending that would go to make private equity investment into public works tax creditable.
Sadly, it isn't even that "good".
So the other $100 billion:
I know, I know... civil engineers are climaxing across the nation because of $10 billion extra of spending a year for America infrastructure... assuming the state they live in can afford the 80-20 funding requirement.
Oh, FYI, this funding is coming at the expense of other domestic programs. So this "boost" to infrastructure spending represents a 5% cut to other non-military discretionary spending.
Sadly, it isn't even that "good".
You might have missed it, but for those that caught it... $1.5 trillion program (over 10 years)... $0.2 trillion of Federal funding. This seems a little odd. Trump and the Republicans didn't propose increasing military spending by ~$150 billion over two years, but only providing $25 billion in the budget. So, Trump's major awesome plan for infrastructure in America is an additional $10 billion a year... to state's and city's who'll fund the projects 80%... so Trump's plan will actually cost even less than $10 billion a year, because requiring states to fund at 80% with the current Republican state mindset of don't pay for anything... little will be built.article said:President Trump will finally be unveiling his long-awaited $1.5 trillion plan to repair and rebuild the nation's crumbling highways, bridges, railroads, airports, seaports and water systems Monday.
...
Administration officials say the president's plan addresses the funding shortfall by committing $200 billion in federal funding over 10 years to stimulate state and local spending and private investment. Half of the funding, $100 billion, will be used as incentives to entice cities, counties and states to raise at least 80 percent of the infrastructure costs themselves.
So the other $100 billion:
- $50 billion goes to pay for rural infrastructure
- $20 billion will go to give private equity firms free money
- $20 billion goes to "transformative" or something with a "vision to the future" (clearly the White House doesn't know how expensive future minded stuff is)
- $10 billion for Government building building.
I know, I know... civil engineers are climaxing across the nation because of $10 billion extra of spending a year for America infrastructure... assuming the state they live in can afford the 80-20 funding requirement.
Oh, FYI, this funding is coming at the expense of other domestic programs. So this "boost" to infrastructure spending represents a 5% cut to other non-military discretionary spending.