Trump’s infrastructure plan is just a windfall for Wall Street
https://thinkprogress.org/trump-infrastructure-plan-3cd425323c76?utm_source=newsletter&utm_medium=email&utm_campaign=tp-letters
In short, rather than have the government raise or borrow money at incredibly low interest rates and then grant the money to state and local governments to build or maintain infrastructure, Trump’s plan would give private investors tax credits for construction projects. Those private firms would then raise the rest of the money needed for those projects, recouping the costs in profits.
In short, rather than have the government raise or borrow money at incredibly low interest rates and then grant the money to state and local governments to build or maintain infrastructure, Trump’s plan would give private investors tax credits for construction projects. Those private firms would then raise the rest of the money needed for those projects, recouping the costs in profits.
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Hamilton and the Founders unlike Republicans today believed in government. No Founder, certainly not Hamilton, would have supported the Republican fantasy that big money can reignite the economy without the help of ordinary consumers and the government.
President Obama needs to tell the American public that this Republican contention that the U.S. is broke is a destructive, job-killing hoax. A broke country can’t borrow 10 year money at less than 2 percent. The President also has to make clear to the American people that in our system of government he can not mobilize the bountiful real resources of the country if Republicans continue to stop the government from spending money on things the country badly needs and that could put us all to work.
I guess there are 'Whiny, Cry-Babies' & then there's 'Whiny, Cry-Babies' who BORROW the ideas of those they "WHINED" about, but with a 'Dark Money,' blew up the dang "Economy" - TWIST!