Improving America's aging infrastructure is one of President Donald Trump's main campaign promises. On Monday he announced a plan he said would spur the biggest and boldest investment in infrastructure in American history.
"This framework will result in unprecedented investment in infrastructure in America, 1.5 to 1.7 trillion dollars. We will have a great deal of cooperation on public-private projects and with the way projects will be completed on time and within budget. This will speed the approval process from 10 years to two years or maybe a year, "said Trump President.
Some analysts call Trump's blueprint unrealistic." If we ask any economic experts or if we ask anyone who has a background in mathematical knowledge, then the plan is purely a fantasy, "said Ryan Collins, an analyst at the Center for American Progress policy research institute.
Ryan Collins says that Trump's infrastructure plan is particularly apprehensive especially since his tax reforms include drastic cuts on infrastructure projects and he says private investors will only invest in projects that have high levels of high return on investment
"So what we see is the increase in the number of nets n toll and rising costs of its users, all of which will be needed to pay off debts to investors who have spent so much money to close the gap in funds from state budgets that do not reach the required targets, "he said.
Ryan Collins said that privatization highways in some states have resulted in high toll rates so people can not afford them. If the states were forced to pay for infrastructure costs, the states would eventually raise taxes on their respective residents.
Democrats in Congress also rejected the proposal, which they said would enrich large companies at the expense of taxpayers. They advocate a public infrastructure budget of $ 1 trillion, which means that it will add to America's already large debt.
Trump's infrastructure plan is part of a $ 4.4 trillion budget proposal that is also expected to boost the US deficit. [lt/ab]