Monday, June 29, 2020

Beware Washington's Latest Trillion-Dollar Infrastructure Scheme

The infrastructure zealots and the Green New Deal acolytes have returned at the tail end of the coronavirus pandemic.

Since moving into 1600 Pennsylvania Avenue, President Donald Trump has repeatedly promised to spend $1 trillion to fix the nation's supposed crumbling infrastructure, from highways to roads to water.

Republicans are reportedly nervous about the federal government spending another $1 trillion.

Many experts have mused on the pressing need for infrastructure investment, poetically alluding to the crumbling bridges and the dilapidated roads.

David Stockman, former budget director under President Ronald Reagan, recently averred this myth and would have you believe that "Motorists all across America are at risk for plunging into the drink at any time owing to defective bridges." It is 1982 all over again, and the Republicans are calling plays from the same infrastructure playbook.

Politicians' calls for higher infrastructure spending or the installation of the Green New Deal should make you want to go live under one of those decaying bridges or in an old van down by the polluted river.

If these are the opposing philosophies running the land of the free, then be prepared to be shackled by the chains of insolvency and incompetence, for that is what the GND and trillion-dollar infrastructure spending will achieve.

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