Hey Big Spender — $2 Trillion for Infrastructure?
Trump and Demo leaders agree in principle on a major deal. Is it worth it?
President Donald Trump has wanted an infrastructure deal for his entire presidency. On Tuesday, Democrat leaders visited the White House and agreed in principle to such a deal … for an eye-popping $2 trillion.
“Who says there’s no bipartisanship in Washington?” asks The Wall Street Journal editorial board. “When it comes to spending more money, Washington can always find common ground.” In fact, according to Senate Minority Leader Chuck Schumer, “Originally we had started a little lower. Even the president was eager to push it up to $2 trillion.”
Three questions: What will the money be spent on? Who pays for it? And what secret deals were made as part of this deal?
America’s roads and bridges are indeed crumbling, but Democrats are already touting money for a ton of other stuff — “advancing public health with clean air and clean water” and “addressing climate change” and “expanding broadband to rural, urban and other underserved areas.” Much like Barack Obama’s “stimulus,” the beneficiaries will be favored Democrat constituents. They say it’s about “the imperative to involve women, veteran and minority-owned businesses in construction.”
The annual deficit is already approaching $1 trillion again, and that’s before this boondoggle. What taxes will be raised as a fig leaf to “cover” this bill? In announcing the agreement, neither Democrats nor Trump offered answers to paying for it.
As for the question about secret deals, we may never know the answer. But one thing is likely: The federal government will spend $2 trillion and Americans will still be driving on crumbling roads and bridges.
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