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Trump reverses on federal debt: 'This is the time to borrow'
Washington Examiner ^ | 8/11/2016 | Joseph Lawler

Posted on 08/12/2016 4:41:01 AM PDT by Kevin C

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To: albertabound
Infrastructure spending is a job creator by swapping debt for asset...as a businessman, Trump understands this concept.

President of the United States is not CEO of a business. Trump needs to understand that.

Infrastructure spending by the government is accomplished by taking money from the private economy (where it would have been put to good, job-creating use) and redirecting it (minus baksheesh) to some other use, which may also be job creating. Infrastructure spending by the government may at times be necessary, but it is absolutely not "job creating" in any net jobs sense. It is, at best, "job-redirecting". If we need to repair, rebuild, or build new infrastructure so be it. Make the case for that necessity. Don't fall for the leftist belief that a country can tax and spend its way to prosperity.

61 posted on 08/12/2016 9:04:46 AM PDT by NorthMountain (Hillary Clinton: corrupt unreliable negligent traitor)
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To: ReaganGeneration2

In other words, you are summarizing a strategy of out “Marx-ing” Hillary....That’s not a winner...


62 posted on 08/12/2016 9:10:53 AM PDT by CSM (White wine sipping, caviar munching, Georgetown cocktail circuit circulating, Perrier conservative.)
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To: bfh333; mkjessup

Let’s see... more debt, more spending and “re-building our roads and bridges”... Where have I heard that before?

Oh yeah... Any speech by a Democrat...


Hey l@@K!! biff333 is back posting more antiTrump comments on yet another thread. Hmmmm.

He/she doesn’t bother to comprehend the fact that Trump is talking about bonds/private investments to pay for the infrastructure improvements....UNLIKE Dims who want to raise taxes for these never ending projects to no where.


63 posted on 08/12/2016 9:17:24 AM PDT by Jane Long (Go Trump, go! Make America Safe Again :)
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To: 9YearLurker

He campaigned on paying down our debt, not increasing it.

But yes, he has been stating as well that he’s for more infrastructure spending.

Now we know how he intends to reconcile the two, which is to drop the former and adopt the full, traditional, Democrat position.

...

His long range plan is to grow the economy and pay the debt that way, which is not a Democrat position. He is going to drastically cut regulations which is also not a Democrat position. I find your lack of faith disturbing.

Reagan followed a similar course, and while he never had a balanced budget, he put us on that course. Our country was put on a course of ruin many years ago. It isn’t going to be fixed overnight.


64 posted on 08/12/2016 9:19:39 AM PDT by Moonman62 (Make America Great Again!)
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To: CSM

I’d prefer tax dollars be spent on real tangible projects as opposed to being loaded onto an EBT card so a 250lb white male driving a late model F-250 can buy an Arizona Iced Tea and a Slim Jim.
Saw that yesterday and it disturbed me.
I am voting for Donald, but he really needs to get a bit more consistent in his plans. And when the debates get here he really needs to translate to citizens how money works in the building and construction fields. How municipalities fund projects, the effects of interest rates, the impact of jobs created.
Forget her crappy character. Make her look like an ill informed housewife who should be baking cookies instead of managing the money.


65 posted on 08/12/2016 9:22:41 AM PDT by roostercogburn
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To: central_va
A 20% import tariff would raise $500B/yr all of that could go to infrastructure spending and also promote domestic industry and repatriation.

Don't forget about paying benefits for the millions made unemployed when our trading partners retaliate.

66 posted on 08/12/2016 9:24:03 AM PDT by semimojo
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To: Jane Long

Tell us how a Public/Private Partnership is going to work?

How are those private investors going to be repaid?


67 posted on 08/12/2016 9:25:01 AM PDT by bfh333 (6/25/2015... The day the Supreme Court gave us SCOTUSCare!)
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To: semimojo

We are in trade war now so the word retaliation is meaningless.


68 posted on 08/12/2016 9:26:50 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Moonman62

We’re already spending upwards of a trillion a year more than we take in. We don’t need or want the feds to take on a greater role in building stuff in this country, while adding to our debt and deficit.

Yes, his plans to reduce taxes, reduce regulation, and scrap Obamacare are all good. But this is just the usual, old, Democrat stuff that runs up our bills we’ll never be able to pay and never should have incurred in the first place.


69 posted on 08/12/2016 9:33:41 AM PDT by 9YearLurker
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To: roostercogburn

The feds gave my city $300M to build a “high speed rail” STATION! Not an actual high speed rail system, but the dam station! Now, the city looked at that as “free money” and loved being able to hire their buddies for the contracts.

Ooops, it’s done and now they realize that it will cost $10M a year to operate and maintain....They didn’t plan for that in their annual budget planning and now they are begging for milage increases! Idiots.

Oh, and we already had an existing train station that was perfectly capable of handling the few Amtrack customers that wanted to take the train for 4 hours from Detroit to Chicago! So, yes, every time I drive past that station I get really angry and the “stimulus” or “infrastructure spending.”

If my city wanted a new station, they should have paid for it themselves. It should not have been funded by you, and other FReepers. In the same way I shouldn’t be buying anyone Arizona Iced Teas and Slim Jims.


70 posted on 08/12/2016 9:49:04 AM PDT by CSM (White wine sipping, caviar munching, Georgetown cocktail circuit circulating, Perrier conservative.)
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To: bfh333

Tell us how a Public/Private Partnership is going to work?

How are those private investors going to be repaid?


LOLOL...well, I would explain economics 101 and investments 101 to you, but I cannot and will not...as you’ve been given the righteous and well deserved ZOT.


71 posted on 08/12/2016 10:15:48 AM PDT by Jane Long (Go Trump, go! Make America Safe Again :)
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To: 9YearLurker

Trump’s plan is very similar to what Reagan did, and I can be very happy with that.

Somebody on this thread said the financing may be different from the usual government way of doing things for Trump’s planned infrastructure building. I do hope so, because politicians find it easy to skim money from big construction projects and not get caught.

How long did it take after Regan took over to get a balanced budget? Be realistic, be positive, and don’t jump to negative conclusions. Trump is our best hope since Reagan.


72 posted on 08/12/2016 10:35:51 AM PDT by Moonman62 (Make America Great Again!)
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To: central_va
We are in trade war now so the word retaliation is meaningless.

Ah. The old "we can impose 20% tariffs without consequence" magical incantation.

73 posted on 08/12/2016 10:46:05 AM PDT by semimojo
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To: Moonman62

Reagan applied something of a narrow, user-fee principle to fund special interest areas of the federal government, and one of those was the fund for federal highways.

That’s quite different than Trump’s Democrat-style, “we’ve got to significantly increase our deficit spending for improved airports and hospitals” approach.

I’m for Trump, have been for the past year, and he’s, to be honest, the only hope we have at this point.

But not providing honest commentary here when he veers way, way over to the Left on specific issues is IMO being less helpful than is being honest in our discussions.


74 posted on 08/12/2016 11:16:18 AM PDT by 9YearLurker
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To: Moonman62; Jane Long

And Jane Long doesn’t know what she’s talking about. The flip side of all federal bonds is the investors, and investors are always paid back with some sort of income/payoff stream from the government.

“Public/private investments” are rent-seeking crony capitalism 99.9% of the time.


75 posted on 08/12/2016 11:19:32 AM PDT by 9YearLurker
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To: Kevin C

.......well, I will still vote for Trump even though a balanced budget and paying down the debt is something that if Trump doesn’t get done only total collapse will.


76 posted on 08/12/2016 11:30:00 AM PDT by Cen-Tejas (it's the debt bomb stupid)
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To: Kevin C
"Normally, you would say you want to reduce your debt, and I would like to reduce debt too," Trump said, before explaining that "the problem is you have a military problem, you have an infrastructure problem — a tremendous infrastructure problem, and you have other problems. And also, the asset is your rates are so low."

I take this as, We need to fix the military NOW and we need new roads and airports to support the rebuilding of our manufacturing and country. He often comments on the condition of our airports, highways etc compared to other countries. I really don't think he's planning on building turtle tunnels or studying gay monkees, indonesian condom use etc like the dems do.

77 posted on 08/12/2016 11:31:01 AM PDT by Pollard (TRUMP 2016)
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To: 9YearLurker

Reagan applied something of a narrow, user-fee principle to fund special interest areas of the federal government, and one of those was the fund for federal highways.

...

Most of Reagan’s big spending went toward a military buildup. I don’t think he used a user-fee model for that.


78 posted on 08/12/2016 11:35:41 AM PDT by Moonman62 (Make America Great Again!)
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To: 9YearLurker; major-pelham; mkjessup; All

And Jane Long doesn’t know what she’s talking about. The flip side of all federal bonds is the investors, and investors are always paid back with some sort of income/payoff stream from the government.

“Public/private investments” are rent-seeking crony capitalism 99.9% of the time.


Rolls eyes.

I see you don’t quite understand Trump’s infrastructure concept. Bonds, paid for by PRIVATE INVESTORS....like, maybe, seniors who are getting 0 interest on their savings, right now, as well as other private investors who want to earn more than 0 - 1% on their investments.

Or, possibly you’re all in on illary’s tax the middle class plan for infrastructure funding :(

Your opinion doesn’t make it a fact. Please provide a link for your “Public/private investments are rent-seeking crony capitalism 99.9% of the time” statement.


79 posted on 08/12/2016 11:47:52 AM PDT by Jane Long (Go Trump, go! Make America Safe Again :)
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To: semimojo

Ah the old the world doesn’t charge us any tariffs now....


80 posted on 08/12/2016 12:54:43 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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