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Tue May 23, 2017, 09:17 PM

Trump advisers call for privatizing some public assets to build new infrastructure

Source: Washington Post

The Trump administration, determined to overhaul and modernize the nation’s infrastructure, is drafting plans to privatize some public assets such as airports, bridges, highway rest stops and other facilities, according to top officials and advisers.

In his proposed budget released Tuesday, President Trump called for spending $200 billion over 10 years to “incentivize” private, state and local spending on infrastructure.

Trump advisers said that to entice state and local governments to sell some of their assets, the administration is considering paying them a bonus. The proceeds of the sales would then go to other infrastructure projects. Australia has pursued a similar policy, which it calls “asset recycling,” prompting the 99-year lease of a state-owned electrical grid to pay for improvements to the Sydney Metro, among other projects.

In the United States, Chicago Mayor Rahm Emanuel (D) explored privatizing Midway International Airport several years ago but dropped the idea in 2013, after a key bidder backed away. Transportation Secretary Elaine Chao says such projects should be encouraged.



Read more: https://www.washingtonpost.com/local/trafficandcommuting/trump-advisers-call-for-selling-off-old-assets-to-build-new-infrastructure/2017/05/23/657aa2c6-2f53-11e7-9534-00e4656c22aa_story.html

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Reply Trump advisers call for privatizing some public assets to build new infrastructure (Original post)
brooklynite May 2017 OP
iluvtennis May 2017 #1
Lithos May 2017 #2
dalton99a May 2017 #3
not fooled May 2017 #4
notdarkyet May 2017 #14
Freethinker65 May 2017 #5
Honeycombe8 May 2017 #6
bucolic_frolic May 2017 #7
William Seger May 2017 #8
QC May 2017 #9
Virtual Burlesque May 2017 #10
elmac May 2017 #11
Panich52 May 2017 #12
George II May 2017 #13
truthisfreedom May 2017 #15
turbinetree May 2017 #16
Beartracks May 2017 #17
progressoid May 2017 #18
Kablooie May 2017 #19
sinkingfeeling May 2017 #20
roomtomove May 2017 #21
Tanuki May 2017 #22

Response to brooklynite (Original post)

Tue May 23, 2017, 09:21 PM

1. Hell No...this is is line with Dumpty wanted to sell parts of the national parks. SMDH...

...although Australia appears to have made something work, I don't trust anything from the Dumpty admin. They are only out to line the pockets of the wealthy and themselves.

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Response to brooklynite (Original post)

Tue May 23, 2017, 09:21 PM

2. The issue is this

Private investors will walk away when the going gets tough...

The thing is, projects such as Midway can not suffer this gap, this disconnect and need continuity which is only provided by public projects during the worst of times. Introducing private investing means that all we're doing is skimming off the best of times to give as profit to disinterested individuals who will flee when it comes to the moment of truth.

In the corporate world, you can shut down, go out of business; in the public world, you can't. And what happens is the public gets left holding the end up sans the profit (emergency funding) which was bled out to private individuals.

L-

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Response to brooklynite (Original post)

Tue May 23, 2017, 09:33 PM

3. How about lakes, rivers, reservoirs, water towers

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Response to brooklynite (Original post)

Tue May 23, 2017, 09:33 PM

4. All of this proposed f*ckery

results from the failure to adequately tax the wealthy and corporations. Or, rather, the recent failure...we used to, but they have succeeded in buying their way out of their fair share.



Oh, and dump doesn't really care about fixing infrastructure. He cares about selling public assets to his cronies. Oligarchy 101.

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Response to not fooled (Reply #4)

Tue May 23, 2017, 10:32 PM

14. Yep from no taxes. And trump thinks of himself as a property magnate. Now he

Thinks he can sell off the whole United States but it belongs to the people, children and grandchildren.

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Response to brooklynite (Original post)

Tue May 23, 2017, 09:34 PM

5. No. From Chicago....home of a privatized meter parking fiasco

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Response to brooklynite (Original post)

Tue May 23, 2017, 09:34 PM

6. OMG. He's dismantling the government and selling it off piecemeal, like a joint venture business!

OMG.

This can't happen.

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Response to brooklynite (Original post)

Tue May 23, 2017, 09:43 PM

7. Trump has no mandate to do anything other than resign!

He lost. He cheated. Is the IC investigating ballot box and machine hacking and
fraud? I haven't heard of it.

Yet all we do is focus on this Russian connection which is significant to be sure, but
the rest of the plot goes on as planned.

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Response to brooklynite (Original post)

Tue May 23, 2017, 09:46 PM

8. The only reason anyone would buy a public asset

... is because they intend to extract more money from the public than they paid for it. Another Great Deal for Trump's chumps.

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Response to brooklynite (Original post)

Tue May 23, 2017, 09:46 PM

9. Late Stage Capitalism, baby!

Now that natural economic growth is probably finished for good, it's time for the looting to begin.

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Response to brooklynite (Original post)

Tue May 23, 2017, 09:50 PM

10. Instead of privatizing some public assets ...

... how about publicizing more private wealth where it has accrued the thickest.

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Response to brooklynite (Original post)

Tue May 23, 2017, 09:55 PM

11. Didn't i read that saudi Arabia is investing 20 billion

 

in our infrastructure as part of the tRump arms deal? Toll roads & bridges. A fascist wet dream.

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Response to brooklynite (Original post)

Tue May 23, 2017, 10:04 PM

12. Privatization's a long-time dream of Repubs...

and the things they want to do that to always means mid- & lower -classes suffer while rich are unaffected.

Already been one story lately about how badly an idea it was to have even joint public-private mgmt of highways (NJ?)

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Response to brooklynite (Original post)

Tue May 23, 2017, 10:08 PM

13. The province of Ontario "privatized" Hwy 407 north of Toronto....

...and it has been a disaster.

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Response to brooklynite (Original post)

Tue May 23, 2017, 11:06 PM

15. The fleecing of America begins.

Total corruption from the master of bankruptcy.

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Response to brooklynite (Original post)

Tue May 23, 2017, 11:19 PM

16. What do they want to privatize next, air

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Response to brooklynite (Original post)

Wed May 24, 2017, 12:14 AM

17. Would "privatizing" include selling off Federal assets to Russia or the Saudis?

Just curious.

==================

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Response to brooklynite (Original post)

Wed May 24, 2017, 12:30 AM

18. Branstad did that here with Medicaid.

Kept telling everyone privatization was going to save the state MILLIONS!

Surprise, surprise, it's not.

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Response to brooklynite (Original post)

Wed May 24, 2017, 02:41 AM

19. Yep. Trump arranged for Saudi Arabia to buy them all.

Such a deal!

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Response to brooklynite (Original post)

Wed May 24, 2017, 07:02 AM

20. No.

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Response to brooklynite (Original post)

Wed May 24, 2017, 08:11 AM

21. Trump will bring back pay toilets....

eom

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Response to brooklynite (Original post)

Wed May 24, 2017, 09:42 AM

22. Trump loves how Russian public assets wound up in the hands of a few via privatization.

The creation of today's Russian oligarch class is his ideal and guiding example.

https://en.m.wikipedia.org/wiki/Privatization_in_Russia

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