Appearing on the Fox Business Network, the Republican nominee answered a question from Stuart Varney on infrastructure spending saying, “Well I should say at least double her numbers and—and you’re gonna really need more than that.”
Hillary Clinton’s proposed plan calls for $275 billion in new spending on infrastructure over the next five years. Doubling that plan would make Mr. Trump’s proposed spending plan more than half a trillion dollars.
Asked for details on how he would pay for the project, Mr. Trump suggested using infrastructure bonds. Bonds eventually have to be paid back to bond-holders by the government with accumulated interest. So, effectually, Mr. Trump’s proposal is for the federal government to borrow twice the amount of money Hillary Clinton wants to borrow.
There’s no guarantee that the borrowed money will be spent efficiently. The Highway Trust Fund is bankrupt and Congress’ plans to bail it out have merely artificially extended the life of a massive boondoggle.
As Ben Weingarten points outs, “Voters ought to demand not that their political representatives throw money at artificial jobs, but rather that they return the money to its rightful owners: those who earned it.”
Billions of dollars have already been wasted. Should the Republican candidate be proposing to waste more?