'Donald Trump’s $1 trillion infrastructure plan is not an infrastructure plan and it won’t put $1 trillion of fiscal stimulus into the economy.
It’s basically a scheme for handing over public assets to private corporations that will extract maximum profits via user fees and tolls. Because the plan is essentially a boondoggle, it will not lift the economy out of the doldrums, increase activity or boost growth. Quite the contrary. When the details of how the program is going to be implemented are announced, public confidence in the Trump administration is going to wither and stock prices are going to plunge. This scenario cannot be avoided because the penny-pinching conservatives in the House and Senate have already said that they won’t support any plan that is not “revenue neutral” which means that any real $1 trillion spending package is a dead letter. Thus, it’s only a matter of time before the Trump’s plan is exposed as a fraud and the sh** hits the fan.'
Read more: Trump’s One Trillion Dollar Infrastructure Boondoggle. Handing Over Public Assets to Private Corporations
Did you like this article?
Thank you for your vote!
20 July 2018
The NHS is giving £1 billion a year away to private companies – this is Jeremy Hunt's legacy
25 May 2018
Home Office squanders £229million in 'incompetent' outsourcing of criminal record checks upgrade
16 April 2018
NHS trusts ‘fritter away’ millions of public money outsourcing staff to private companies, Unison says
9 April 2018
Police cuts 'are likely to have contributed to the increase in violent crime', leaked documents reveal after a wave of bloodshed hits London
From our advertisers
20 hours ago
Trump declines to blame Saudi prince over Khashoggi killing despite reports CIA hold him responsible
19 hours ago
US-led air strikes kill at least 40 people, mainly women and children, in Islamic State-held area, state media reports
17 hours ago
US water suppliers cover up spikes in hormone-disrupting herbicide contamination, report claims
From our advertisers