It’s Infrastructure Stupid

Think back to the campaign of 2016….one of the big promises from Trump was to resurrect our dying infrastructure…..and so far we got nothing of the sorts.

But today the party leaders and Trump will meet on how to go about getting the $2 trillion for the plan that has been set forth.

This plan will go NOWHERE….why? The only way to pay for this plan is a rise in taxes on corporations and the wealthy……

With President Donald Trump and Democratic leaders set to meet Wednesday to discuss a possible $2 trillion infrastructure package, a progressive advocacy group on Monday warned that any proposal that doesn’t include significant tax hikes on the rich and corporations “will be meaningless and doomed to failure.”

“If major tax increases are off the table, there is no way to pay for a $2 trillion infrastructure plan, it’s that simple,” Frank Clemente, executive director of Americans for Tax Fairness (ATF), said in a statement. “Other options, such as raising the gas tax, might be part of the package, but by themselves won’t come close to reaching the $2 trillion that’s needed.”

https://www.commondreams.org/news/2019/05/20/without-tax-hikes-corporations-and-rich-critics-warn-2-trillion-infrastructure-plan

Every body agrees that our infrastructure is in trouble…….ever body agrees that it needs to be updated….the problem is NOBODY wants to pay for it.

I have an idea!

Since we have spent about $6 trillion on wars in the last decade or so…cancelling those abortions would easily pay for the infrastructure they all say they want.

The price tag of the ongoing “war on terror” in the Middle East will likely top $6 trillion next year, and will reach $7 trillion if the conflicts continue into the early 2020s, according to a new report out Wednesday.

The annual Costs of War project report, from the Watson Institute for International and Public Affairs at Brown University, puts the full taxpayer burden of fighting in Iraq, Afghanistan and Syria over the last 17 years at several times higher than official Defense Department estimates, because it includes increases in Homeland Security and Veterans Affairs spending, as well as new military equipment and personnel.

https://www.militarytimes.com/news/pentagon-congress/2018/11/14/price-tag-of-the-war-on-terror-will-top-6-trillion-soon/

The Fiscal Times look at out spending on wars as well….

“It’s important for the American people to understand the true costs of war, both the moral and monetary costs,” Sen. Jack Reed (D-RI) said in a statement last week, according to The Hill. “Our nation continues to finance wars and military operations through borrowing, rather than asking people to contribute to the national defense directly, and the result is a serious fiscal drag that we’re not really accounting for or factoring into deliberations about fiscal policy or military policy.”

http://www.thefiscaltimes.com/2018/11/19/Problem-Our-6-Trillion-War-Tab

I think the easy answer would be the best answer.

4 thoughts on “It’s Infrastructure Stupid

  1. I once wrote to the UK Defence Minister, asking why they were spending so much money on renewing Trident Nuclear Missile Submarines when hospitals were being closed, and people were using Food Banks to get free food for their families.
    In reply, he informed me that they were ‘different budgets’. The money available for one was not transferable to another. Total bullshit, of course.
    Best wishes, Pete.

    1. True…Look at Trump he is going to transfer cash from several other programs to pay for his damn silly wall…..so I agree it is BS chuq

  2. I agree we should decrease the defense budge and bring troops hone. But even if we do we would still have a budget deficit. Infrastructure can be financed by raising taxes or by continuing to borrow money. Either will get the job done. There may be enough votes to raise taxes on the rich after the election but not now.
    Trump would like to rebuild infrastructure but has not been able to find the votes to do it.
    Transferring funds from one agency or purpose is illegal and not bs. Trump has done some of that but it is limited as to how much can be done by creative accounting, as they call it.

    1. The deficit would be lessened …he cannot find votes because no one knows where to get the cash……tax increases would pay for a lot…..society needs the investment….chuq

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