Bloomberg news: "Trump promised during his campaign to introduce a $1 trillion proposal within his first 100 days in office, then the administration said there’d be a plan by the third quarter. That didn’t happen..."
"The president aims to release a detailed document of principles, rather than a drafted bill, for upgrading roads, bridges, airports and other public works before the Jan. 30 State of the Union address, said the administration official, who spoke on condition of anonymity because the details aren’t public. Naysayers should wait until they see the details and how the legislative process unfolds, the official said."
"The White House plan is essentially complete and Trump recently reviewed it, the official said. It calls for allocating at least $200 billion in federal funds over 10 years to spur at least $800 billion in spending by states, localities and the private sector."
The Hill reported, Dec. 5 from the Bipartisan Policy Center's Gov. Ed Rendell:
"One of the impediments that has to be changed is how we score under our budget act. The European Union has its own infrastructure bank where loans and loan guarantees are doled out to important projects. They charge a very modest interest rate, and they make a small profit. If we were to construct such an infrastructure bank, under current rules, those loans and loan guarantees would be scored as spending even though there would be a track record showing that the overall program never spends money but actually makes a small profit. In some ways, I feel like a lone voice in the wilderness (although I was happy to hear that the “Problem Solvers” congressional caucus may also recommend a federal capital budget), but it’s the only real solution."
"For those who say, “let the states do it,” know that the states are trying. Twenty-five states, both red and blue, have increased their gas tax in the last three years. The states simply do not have enough money to do it alone. For those who say, “let the private sector do it,” they forget that the private sector must have a reasonable rate of return before it invests in anything, and most infrastructure projects cannot give them one. For example, there are 60,000 structurally deficient bridges in America. No more than 100 of them have enough traffic that could generate toll revenues enough to supply that return. This leaves 59,900 that need repair that must be done with government investment."
When POTUS Trump made his Jerusalem announcement, he boasted that other presidents "promised." but POTUS Trump "delivers". Why did Jerusalem come before infrastructure? America First? BHO promised infrastructure in 2008. Congress allocated nearly $1 trillion in "stimulus" in 2009. Potholes were fixed; bridges weren't rebuilt. No infrastructure. Deja vu? -- Decameron