Tuesday, January 30, 2018
At tonight's State of the Union address, President Trump is going to outline an infrastructure plan, something he has been saying he has wanted to do since the presidential campaign.
Which might sound like a good thing, because there's widespread agreement that our roads, bridges, water systems, sewage systems, electrical grid, public transit and other parts of the nation's physical plant are woefully in need of upgrading.
But the Trump plan is a scam.
Last week, Axios obtained a draft of the proposal, which a variety of analysts have used, along with what the White House has said over the past year about what it wants to do, to determine what this plan actually consists of.
Let's count the ways it isn't what the administration would have us believe -- and isn't what the country needs:
Misleading numbers: Trump and his aides are going to throw around "$1.5 trillion" a lot, but that number is misleading. The White House is proposing an expenditure of only $200 billion over 10 years, which is supposed to translate into $1.5 trillion of total "investment," with the rest of the money to be spent by states, localities and private investors.
Not only that, the administration is simultaneously proposing a series of cuts to federal infrastructure spending, which could amount to as much or more than the $200 billion it wants to spend on this new plan.
Putting corporate profits over the needs of the public: As a new report from the Democratic group Democracy Forward explains, the administration's plan was developed with the help of an advisory board headed by two New York real estate magnates who just happen to be personal friends of the president. Not surprisingly, the plan maximizes opportunities for private profits:
more at the link
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