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Trump to spend $1Trillion on infrastructure

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Comments

  • mag00mag00 Member Posts: 4,719 ✭✭
    edited November -1
    quote:Originally posted by Dads3040
    quote:Originally posted by mag00
    There are 50 states, why does the federal government need to spend anything?

    So all you guys convinced me to vote Trump and all I get is a drunken sailor with a credit card? Rather than just running his companies to bankruptcy you want him to do that with the USA? WTH are you guys talking about?

    I hope congress and the people hold his feet to the fire. Two weeks since the election and I am already starting to regret throwing my vote away to Trump.

    There has to be more to the story, especially in regards to where the funding will come from.

    If anything I said before the election swayed your vote, I apologize. To properly punish me for my infraction, I suggest you never vote again. I will feel really bad...and it will serve me right.



    No, next election you can vote for who I pick [}:)]
  • Dads3040Dads3040 Member Posts: 13,552 ✭✭✭
    edited November -1
    quote:Originally posted by mag00
    quote:Originally posted by Dads3040
    quote:Originally posted by mag00
    There are 50 states, why does the federal government need to spend anything?

    So all you guys convinced me to vote Trump and all I get is a drunken sailor with a credit card? Rather than just running his companies to bankruptcy you want him to do that with the USA? WTH are you guys talking about?

    I hope congress and the people hold his feet to the fire. Two weeks since the election and I am already starting to regret throwing my vote away to Trump.

    There has to be more to the story, especially in regards to where the funding will come from.

    If anything I said before the election swayed your vote, I apologize. To properly punish me for my infraction, I suggest you never vote again. I will feel really bad...and it will serve me right.



    No, next election you can vote for who I pick [}:)]

    I am not sure that's a good idea. It might be better for each of the 50 states vote for our own President...just like each of them has their own freeway system. [:o)]
  • themountainmanthemountainman Member Posts: 1,207 ✭✭✭
    edited November -1
    Let's call it "Recovery.gov". I've heard that before. The only thing that will restore a robust economy is hard work.
    There are 3 kinds of people in the world. Those who can do math and those who can't. :?
  • dakotashooter2dakotashooter2 Member Posts: 6,186
    edited November -1
    quote:Originally posted by NeoBlackdog
    It is sorely needed, but there will have to be massive cuts elsewhere or a large increase in revenue to make it affordable.
    That $1 Trillion would go a lot farther if we could eliminate the Davis-Bacon act and similar laws. Some of the wages that are required on those projects could easily be cut by 40% and still provide a decent wage.
    I agree. Often a living wage in one part of the country is far different from another. In my area the pay could easily be lowered. One of the other issues is contracting of such projects. Costs get out of line because everyone is subcontracting everything with someone at all levels calculating in their profit. The general contractor pulls his profit his subcontractors pull their profit and the subcontractors sub pulls their profit and so on. Pretty soon a $1000 job costs $5000...
  • montanajoemontanajoe Forums Admins, Member, Moderator Posts: 60,159 ******
    edited November -1
    quote:Originally posted by spasmcreek
    quit throwing money away on the rest of the world and spend it here
    Yes sir,,++++++++++
  • serfserf Member Posts: 9,217 ✭✭✭✭
    edited November -1
    Lets see that would be like having The Federal stimulate the Econmny with QE 4'5'6! Outstanding now who is going to buy all this debt at 2% for thirty years?

    President Trump is just another debt driven politic front man.

    I know we can have The Fed Reserve write a check on it's funny money balance and hide it in their secret portfolio! After all they gave out trillions on the Real estate market crash in 2007![:o)][:o)]

    serf

    http://www.csmonitor.com/USA/2010/1201/Federal-Reserve-s-astounding-report-We-loaned-banks-trillions

    For example, at the height of the crisis, just four large securities firms were the main recipients of loans from the Fed's Primary Dealer Credit Facility, an overnight loan program for securities firms. Of $3.6 trillion doled out in the six weeks after Sept. 15, 2008 (when Lehman Brothers failed), nearly $3.1 trillion went to Morgan Stanley, Citigroup, Goldman Sachs, or Merrill Lynch.
  • mag00mag00 Member Posts: 4,719 ✭✭
    edited November -1
    quote:Originally posted by Dads3040
    quote:Originally posted by mag00
    quote:Originally posted by Dads3040
    quote:Originally posted by mag00
    There are 50 states, why does the federal government need to spend anything?

    So all you guys convinced me to vote Trump and all I get is a drunken sailor with a credit card? Rather than just running his companies to bankruptcy you want him to do that with the USA? WTH are you guys talking about?

    I hope congress and the people hold his feet to the fire. Two weeks since the election and I am already starting to regret throwing my vote away to Trump.

    There has to be more to the story, especially in regards to where the funding will come from.

    If anything I said before the election swayed your vote, I apologize. To properly punish me for my infraction, I suggest you never vote again. I will feel really bad...and it will serve me right.



    No, next election you can vote for who I pick [}:)]

    I am not sure that's a good idea. It might be better for each of the 50 states vote for our own President...just like each of them has their own freeway system. [:o)]


    So Texas, California and Illinois get all the money, great. It's their state let them pay for their roads.

    Bring up infrastructure as in schools? Who gets all the money?

    Infrastructure = bureaucracy. Trump is just bellying up to the trough.
  • Horse Plains DrifterHorse Plains Drifter Forums Admins, Member, Moderator Posts: 40,166 ***** Forums Admin
    edited November -1
    quote:Originally posted by dakotashooter2
    One of the other issues is contracting of such projects. Costs get out of line because everyone is subcontracting everything with someone at all levels calculating in their profit. The general contractor pulls his profit his subcontractors pull their profit and the subcontractors sub pulls their profit and so on. Pretty soon a $1000 job costs $5000...
    There's the problem. All public money jobs need to capped at 10% max profit. Then if the "prime" can't/won't do the job, he can pass all the 10% on to the sub for the subbed portion, or he can ding the sub for 2-3-4-5%. Whichever he wants.
  • mag00mag00 Member Posts: 4,719 ✭✭
    edited November -1
    quote:Originally posted by Horse Plains Drifter
    quote:Originally posted by dakotashooter2
    One of the other issues is contracting of such projects. Costs get out of line because everyone is subcontracting everything with someone at all levels calculating in their profit. The general contractor pulls his profit his subcontractors pull their profit and the subcontractors sub pulls their profit and so on. Pretty soon a $1000 job costs $5000...
    There's the problem. All public money jobs need to capped at 10% max profit. Then if the "prime" can't/won't do the job, he can pass all the 10% on to the sub for the subbed portion, or he can ding the sub for 2-3-4-5%. Whichever he wants.


    A good businessman with knowledge of corporate tax can rape this system you suggest. To prevent the abuse, not just the legitimate business expense, you would need to set up a whole new bureaucracy to monitory and audit the contractors etc.

    In theory it is nice, but that is why we are in the financial doghouse today.

    "Cook me up a hamburger. I'll pay you Thursday"

    "I'll gladly pay you Tuesday for a hamburger today"

    Same ole crap, just a new twist. Trump needs to close the purse strings and find another way to pay for this.
  • 84Bravo184Bravo1 Member Posts: 10,461 ✭✭
    edited November -1
    Trump needs to "close the purse strings." Yes Sir. IMHO by not giving money away, to any and every Country across the globe, with their hands out.


    "America first," should not just be a slogan.
  • Missouri Mule K30Missouri Mule K30 Member Posts: 2,092 ✭✭
    edited November -1
    New Pirate, Different Tale.
  • woodhogwoodhog Member Posts: 13,115 ✭✭
    edited November -1
    the way I see it, it's like a big washing machine right now. Trump is throwing out ideas, they get bounced around, everybody has an opinion, and at somepoint, AFTER he becomes president, he'll start identifying real strategies. THEN we will have sssomething to evaluate. Right now, everything is conjecture...
  • Don McManusDon McManus Member Posts: 23,681 ✭✭✭✭
    edited November -1
    quote:Originally posted by Dads3040
    That isn't what has been suggested.


    If Trump is suggesting new spending without balancing the budget, he is spending borrowed money.

    One can say that 10% tax on the repatriated trillions is paying for it, but if the budget is not in balance, it is a silly way to look at things.

    Trump has proposed increasing spending on the military, maintaining the increasing deficit in Social Security, a revenue negative tax plan, and increasing the deficit by adding new tax deductions for child and family care.

    I believe his approach will lead to some economic growth, but if he gets all or most of what he has proposed, there will be a significant increase in the annual deficit in the early years of implementation. If we get the growth he promises, that gap will narrow.
    Freedom and a submissive populace cannot co-exist.

    Brad Steele
  • Mr. PerfectMr. Perfect Member, Moderator Posts: 66,404 ******
    edited November -1
    It's just a lot of talk at this point. I will withhold further comment or interest until the guy is actually president and actually does something.
    Some will die in hot pursuit
    And fiery auto crashes
    Some will die in hot pursuit
    While sifting through my ashes
    Some will fall in love with life
    And drink it from a fountain
    That is pouring like an avalanche
    Coming down the mountain
  • Dads3040Dads3040 Member Posts: 13,552 ✭✭✭
    edited November -1
    quote:Originally posted by Mr. Perfect
    It's just a lot of talk at this point. I will withhold further comment or interest until the guy is actually president and actually does something.

    Probably the best course. The micro-parsing of very general proposals and goals seems pointless, unless the point is something other than evaluation.
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