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procon

(15,805 posts)
Mon Feb 13, 2017, 07:36 PM Feb 2017

MSNBC interviewed California Congressman John Garamendi about the Oroville dam,

and he mentioned that Trump's infrastructure plans would not help repair it because he relies heavily on private investors and there is no profit in spillways. The Billionaire Boys Club would expect a handsome profit for coughing up some their precious offshore loot to fix the nation's infrastructure problems. That means toll booths on new/repaired roads and bridges, surcharges and taxes added to your water/sewage bills, charges for using airports and seaports... it goes on.

Peter Navarro has already written a proposal... did I mention that Trump appointed him to head a newly created National Trade Council? His co-author is Wilbur Ross, Trump's Commerce Dept pick... all very chummy, doncha think!

To stimulate $1 trillion in expenditures over 10 years, the Trump administration should hand out $137 billion worth of tax credits to private businesses. That federal tax credit would leverage a flood of private money, covering 82 percent of the equity needed for new projects...

https://www.washingtonpost.com/business/economy/economists-pan-infrastructure-plan-championed-by-trump-nominees/2017/01/17/0ed1ad5e-dc5e-11e6-918c-99ede3c8cafa_story.html?utm_term=.a0adfee4dc27




Trump's plan is largely as a giveaway of taxpayer money to billionaires, a river of wage earner's money flowing upward to make the rich richer and vert little of it trickling back down. So Garamendi is right, this is a tax-credit plan that would not pay for a lot of much needed projects because they don’t generate a huge revenue stream, like the spillways and levy at at the Oroville dam.

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MSNBC interviewed California Congressman John Garamendi about the Oroville dam, (Original Post) procon Feb 2017 OP
There have been several Dem pols criticizing Trump infrastructure ideas... Wounded Bear Feb 2017 #1
The thought almost immediately occurred to me that Trump et al would look PufPuf23 Feb 2017 #2
I really liked that Garamendi-bright and passionate. panader0 Feb 2017 #3

Wounded Bear

(58,647 posts)
1. There have been several Dem pols criticizing Trump infrastructure ideas...
Mon Feb 13, 2017, 07:41 PM
Feb 2017

as giveaways just like you described. Stands to reason. The Trumplodytes solution to our government being sold to the highest bidder is to put the most corrupt businessman in the country in charge.

PufPuf23

(8,767 posts)
2. The thought almost immediately occurred to me that Trump et al would look
Mon Feb 13, 2017, 07:56 PM
Feb 2017

at the disaster as an opportunity to privatize all or part of the California Water Project infrastructure and state water resources.

The idea of privatization fits right in with the disaster capitalism and neoliberal ethos as well.

Beware.

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