In his State of the Union address, President Trump laid out a proposal for infrastructure spending. Details were scant.
“Tonight I am calling on Congress to produce a bill that will generate at least $1.5 trillion for the new infrastructure investment that our country so desperately needs. Every federal dollar should be leveraged by partnering with state and local governments, and where appropriate, tapping into private sector investment to permanently fix the infrastructure deficit. And we can do it.”
NEW: Trump calls on Congress to produce a bill to spur $1.5 trillion in infrastructure investment pic.twitter.com/PKjtocYyLp
— Axios (@axios) January 31, 2018
Lovely. How much is really needed?
Here are two estimates from a Reuters recap on Trump’s Infrastructure Spending Proposal.
Details Scant
Where is the money coming from? What percentage is from state budgets?
Trump did not say.
Synopsis
Repeat after me. This does not matter because (make up any reason you want but this is a common one) we owe it to ourselves.
Here is another idea: Deficits only matter when Democrats are in charge.
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