Rep. DeLauro Explains the Infrastructure Bank

[Rusty5329]

Run time: 05:31 https://www.youtube.com/watch?v=sVt2bzlyxHw   Posted on YouTube: September 08, 2011 By YouTube Member: MainStreetInsider Views on YouTube: 28   Posted on DU: September 08, 2011 By DU Member: Rusty5329 Views on DU: 465

 
From: http://www.mainstreetinsider.org/90secondsummaries/?p=454

Everyone expects that the President will include, in his jobs speech tonight, a call to create an infrastructure bank that can be used as a mechanism for getting infrastructure projects going nationwide, potentially creating millions of jobs. On Tuesday, we released a summary of H.R. 402, the National Infrastructure Development Bank Act of 2011, legislation sponsored by Congresswoman Rosa DeLauro (D-CT3).

Until we have all the details on the President’s plan, grand statements like, “this is the big idea!” are unwarranted. That being said, it is reasonable to predict that this will be one of the bigger ideas to come out of the President’s speech.

Congresswoman DeLauro has advocated for years in favor of the creation of an infrastructure bank. It was last year that we sat down for a Sponsor Special with the Congresswoman and discussed in more detail what the infrastructure bank is all about.

[JDPriestly]

1. Just raise taxes and be done with it.

This will simply enrich the rich all the more.

And "depolitization" is just a new-fangled word for destroying democracy.

The political process may be slow and awkward, but the privatization route that Congresswoman De Lauro proposes will eliminate the control of the taxpayers over the project.

I think it would be better to tax the people who own the banks and allow the people through their governmental representatives to fully control the project.

The path that Congresswoman De Lauro proposes is the path to feudalism -- to a world in which the rich decide even more about our lives and our country than they have since we started out.

If the private sector wants to build new transportation, let them do it on their own as they did in the 19th century. Don't combine tax innocent voters to support private profit-takers. It should be the other way around. Tax the profit-makers to fund projects everyone wants.

Think of what she is proposing. You impose a sales tax on the poor to pay the rich for the simple labor of lending money that they should be paying in taxes.

NO.

[CTyankee]

2. I doubt that Rosa would endorse what you are describing.

She would probably agree with you on some of your points...in an ideal world we would have all those good things. But we're here and it's now. I'm sad that we've gotten to this place instead of raising the revenue we need in fair taxation. But since the American people are not out in the streets screaming their heads off and breaking windows, we will have schemes like this to claw our way into some sort of growth pattern, distorted as the process is.

Rosa is my congresswoman. I know her as a liberal through and through.