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$1.5 Trillion Infrastructure Plan With No Clear Way to Pay For It

(John Schulz – Logistics Management)

One year after he first promised to make America’s highways great again, President Donald Trump again is touting what at first glance appears to be a bold $1.5 trillion infrastructure program. And once again, he makes no concrete way of paying for it.

In his State of the Union address last night, Trump asked Congress to produce a bill that generates at least $1.5 trillion “for the new infrastructure investment we need.” But such a deal likely will be paid for by cash-strapped state, local and private entities—not the federal government.

Even fellow Republicans immediately questioned the worth of such a promise without a concrete way to pay for more concrete and asphalt. John Cornyn, R-Texas, a member of the Senate leadership, told the Wall Street Journal right after the speech, “The question is how are you going to pay for it? You tell me how we can pay for it and I’ll tell you what we can do." Click here to read more.

Related: Why Trump’s Infrastructure Plan Should Scare the Crap Out of You (Vanity Fair)