Monday, August 8, 2016

Trump and Clinton: The Infrastructure Delusion

Hillary Clinton and Donald Trump don't agree on much of anything, but there is one area where they have a meeting of the minds: They both want to spend way more on public works programs. Hillary ‎Clinton says that her primary jobs stimulus will be a massive $275 billion-plus infrastructure spending binge.
Donald Trump one-upped Hillary last week promising to spend twice that amount. He says the money is necessary because of crumbling roads and "bridges that are falling down."
It's a rare source of agreement, so wouldn't you know it: They're both wrong.
If our infrastructure is crumbling, it surely isn't because the feds are spending too little money. Public works projects were supposed to be the centerpiece of the Obama $830 billion stimulus bill. We were promised "shovel-ready" jobs. Remember that? But job growth has remained abysmal for seven years. So what happened to all that money? No one in Washington wants to ask or answer.
Read the rest of Stephen Moore's op-ed HERE.

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1 comment:

cimbri said...

I think we can be sure that Trump won't just use infrastructure spending as a big graft operation, like previous presidents.