While You Weren’t Looking, Donald Trump Released a Plan to Privatize America’s Roads and Bridges [View all]

[EricMaundry]

Source: Slate

So this is kind of cute. While most of us were tearing our hair out over the FBI and Hillary Clinton's emails last weekend, Donald Trump's campaign quietly released a plan to privatize new infrastructure development in the United States. I know, that's not very sexy on the surface. But given that the man might be president come Tuesday, it seems worth remarking upon. Because it could mean we'll all be paying to drive on more roads built for profit.

Trump, as you might have noticed during this long, emotionally torturous campaign, likes to wax poetic about America's collapsing bridges and “third-world” airports, and he has vowed to fix up the country by doubling Hillary Clinton's proposed spending on infrastructure. At the same time, he’s also promised to pass gargantuan tax cuts while limiting the budget deficit.

This has all raised an obvious question: How, exactly, does America’s angriest clementine plan to pay for all of this building? I mean, Mexico isn't going to cover the wall and repairs to I-95, is it?

Thankfully, we now have an answer from two of Trump's chief economic advisers. In a report from Oct. 27, University of California–Irvine professor Peter Navarro and private equity honcho Wilbur Ross outlined how the candidate would transform about $167 billion of federal tax credits into $1 trillion of infrastructure spending. Factor in the effects of economic growth, they argued, and the cost to taxpayers would amount to zero, zilch, nada. Or, as they put it, the whole thing would be “budget neutral.”

Read more: http://www.slate.com/blogs/moneybox/2016/11/04/donald_trump_s_plan_to_privatize_america_s_roads_and_bridges.html