Friday, June 9, 2017

Trump Offers Fool's Gold to Fund Infrastructure


NEWS & POLITICS Trump Offers Fool's Gold to Fund Infrastructure There's a dark side to Trump's infrastructure promise and it could make things worse for taxpayers. By Leo Gerard / USW Blog June 9, 2017, 7:05 AM GMT Donald Trump surrounds himself in gold. The signs on Trump buildings shimmer in it. His penthouse in New York is gilded in it. He claims now to have found the alchemy to conjure $1 trillion in infrastructure gold. He plans to put up a mere $200 billion in federal funds and stir it together with $800 billion in private investment and state dollars. That is fool’s gold. A falsely-funded infrastructure program is a massive broken promise. America needs real improvements to roads, bridges, schools, hospitals, airports, water systems, and railways. That requires a commitment of real tax dollars, not the relinquishment of America’s public assets to profit-seeking private Wall Street entities. Americans should not be charged twice for maintenance of the public good, once through tax breaks to investors and again in outrageous tolls and fees the investors charge.

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