CAUTION: Watch for exploding heads!
- Thread starter Boca
- Start date
Boca
Governor
Ahhh, better yet......the $50 billion will be diverted from Saudi Arabia to the US. Hooray for President Trump.
georgephillip
Senator
Are you willing to accept toll roads as a cost of Trump's infrastructure project?
http://www.ocregister.com/articles/roads-737247-county-orange.html
"President-elect Donald Trump’s camp says it can help rebuild the nation’s infrastructure – as well as create jobs with a revitalized construction industry – by using public-private partnership’s to build new projects.
"Details are sketchy on Trump’s proposal that could employ tax benefits and special financing arrangements to induce investors, construction companies and governments to build. And Congress will certainly have its own ideas on the matter.
"Orange County needs no introduction to this notion.
"RELATED: Want affordable housing? Move to Trumpland!
"We’ve got three toll roads – 91 Express Lanes, the 133/241/261 Foothill/Eastern and the 73 San Joaquin – that seem to fit the rough concept loosely discussed by Trump and some of his inner circle. All three local tolls roads were debt-financed projects in which public transportation options were added with relatively non-traditional construction and operational arrangements between private builders and government transportation agencies."
Tor-Pete-O
Mayor
Hey George, in the last 3 years we've had 4 major road construction projects that have been completed where I live. 1 bypass, 2 bridges and a tunnel. And guess what? All 4 have tolls. The charges vary depending on what time of day you go through or over them.....peak times, off peak times. The cheapest tolls of the 4 of them are still $2.75 ONE WAY even if you go at midnight on a Tuesday! (Off peak time) Do the math for a month!
Are you willing to accept toll roads as a cost of Trump's infrastructure project?
http://www.ocregister.com/articles/roads-737247-county-orange.html
"President-elect Donald Trump’s camp says it can help rebuild the nation’s infrastructure – as well as create jobs with a revitalized construction industry – by using public-private partnership’s to build new projects.
"Details are sketchy on Trump’s proposal that could employ tax benefits and special financing arrangements to induce investors, construction companies and governments to build. And Congress will certainly have its own ideas on the matter.
"Orange County needs no introduction to this notion.
"RELATED: Want affordable housing? Move to Trumpland!
"We’ve got three toll roads – 91 Express Lanes, the 133/241/261 Foothill/Eastern and the 73 San Joaquin – that seem to fit the rough concept loosely discussed by Trump and some of his inner circle. All three local tolls roads were debt-financed projects in which public transportation options were added with relatively non-traditional construction and operational arrangements between private builders and government transportation agencies."
Tolls are already here and more are coming! Everyone is going to have to deal wtih them assuming you don't live in the boonies.
P.S. We should all give some credit to Obama for stealing all that stimulus money and giving to his DNC operatives and union buddies! Another one of his famous lies. .....remember all those "shovel ready jobs" that were going to put Americans back to work re-building our crumbling infrastructure
Boca
Governor
Are you willing to accept toll roads as a cost of Trump's infrastructure project?
http://www.ocregister.com/articles/roads-737247-county-orange.html
"President-elect Donald Trump’s camp says it can help rebuild the nation’s infrastructure – as well as create jobs with a revitalized construction industry – by using public-private partnership’s to build new projects.
"Details are sketchy on Trump’s proposal that could employ tax benefits and special financing arrangements to induce investors, construction companies and governments to build. And Congress will certainly have its own ideas on the matter.
"Orange County needs no introduction to this notion.
"RELATED: Want affordable housing? Move to Trumpland!
"We’ve got three toll roads – 91 Express Lanes, the 133/241/261 Foothill/Eastern and the 73 San Joaquin – that seem to fit the rough concept loosely discussed by Trump and some of his inner circle. All three local tolls roads were debt-financed projects in which public transportation options were added with relatively non-traditional construction and operational arrangements between private builders and government transportation agencies."
That's a pretty picture with some interesting stuff about toll roads. Now can we get back to the $50 billion to be diverted from Saudi Arabia to the US? Because I'm pretty certain that Japanese fellow doesn't build roads.
georgephillip
Senator
Toll roads are symptoms on an economy that is being drained by its FIRE sector (Finance, Insurance, Real Estate)
Wall Street is redirecting the circular flow between producers and consumers to repay FIRE sector rents which go mostly to the richest one percent of workers.
This is due to the neoliberal belief there is no role for government spending or public infrasture in a "well managed" economy:
http://www.zerohedge.com/news/2016-...all-street-has-taken-over-economy-draining-it
"The first professor of economics at the Wharton School of Business, Simon Patten, said public infrastructure is a fourth factor of production but its role isn’t to make a profit. It’s to lower the cost of public services and basic inputs to lower the cost of living and cost of doing business to make the economy more competitive.
“'The privatization of this (public infrastructure) adds in interest payments, dividends, managerial payments, stock buybacks, and merges and acquisitions, and obviously bills all of these financialized charges into the price system and raises the cost of living and doing business.”
There
Is
An
Alternative.
georgephillip
Senator
I suppose it will be difficult to distinguish devils from details in Trump's plan:
http://www.wsj.com/articles/donald-trumps-infrastructure-plan-faces-speed-bumps-1478884989
"Donald Trump’s proposal for $1 trillion worth of new infrastructure construction relies entirely on private financing, which industry experts say is likely to fall far short of adequately funding improvements to roads, bridges and airports.
"The president-elect’s infrastructure plan largely boils down to a tax break in the hopes of luring capital to projects. He wants investors to put money into projects in exchange for tax credits totaling 82% of the equity amount.
"His plan anticipates that lost tax revenue would be recouped through new income-tax revenue from construction workers and business-tax revenue from contractors, making the proposal essentially cost-free to the government."
I'm pretty certain privatizing more public infrastructure only benefits one sector of the economy and less than 1% of the population.
