President Trump has promised a tenfold increase in infrastructure spending — billions of dollars more on projects like mass transit and roads. But when the President and others talk about infrastructure they mean the old, outdated roads and bridges we have now: ones which the American Society of Civil Engineers deemed deficient for years.
But Trump’s entire talk about infrastructure is pointless. The plans he keeps saying would actually cut expenditures.
The big surge in infrastructure spending that was going to take place under President Obama was called “Build America.” It had been part of his stimulus plan, and his advisers wanted to extend it through 2018. But when it came up for renewal by Congress, no one proposed the spending increase that was intended. Instead they just extended the existing program.
Then there is Trump’s promise of Trump Model roads and more. We’ve got 25-lane superhighways, now why not add another 5 lanes. Got it. Why not?
If you listen carefully, you can hear the sound of New Deal overtones coming from top White House advisors. Remember Hoover Dam and Lincoln Highway? They make a lot of sense. But this time, they just aren’t relevant.
Infrastructure spending is dead. Here are 5 reasons why it is.