The White House unveiled an outline for a $1.2 trillion infrastructure bill earlier this year that actually only included about $200 billion in new money while the rest of the funds were suppose to materialize out of a primordial soup of tax cuts, but none of that is going to happen.
The White House more or less confirmed yesterday afternoon that we will not see their shitty infrastructure bill this year and probably never will.
“I don’t know that there will be one by the end of this year,” White House Press Secretary Sarah Huckabee Sanders acknowledged when asked about one of Mr. Trump’s signature issues, which he has been touting since the early days of his 2016 campaign for the White House.
“We’re going to continue to look at ways to improve the nation’s infrastructure,” Sanders added. “But in terms of a specific piece of legislation, I’m not aware that that will happen by the end of the year.”
Don't get me wrong, the country badly needs major investments in infrastructure, but I for one am glad that we won't have to endure another week of pretending that Trump is going to do something about it.
Moreover, Trump did not present a plan for investing in infrastructure.
It would be more accurate to describe Trump's proposal as a hastily constructed plan to sell the nation's infrastructure to the highest bidder while privatizing the profits and socializing the losses. His plan called for creating public-private partnerships, the likes of which we see for professional sports stadiums, in which the public finances private projects.