infrastructure

White House Eyeing $18 Billion List Of Budget Cuts Targeting Social Programs

President Trump’s proposed 2018 budget eliminates an independent agency that coordinates the efforts of several federal agencies which play a role in preventing and ending homelessness among other sweeping cuts. (AP/Jacquelyn Martin)
WASHINGTON — The White House is following up its longshot roster of budget cuts with a wish list of $18 billion worth of immediate reductions, including cuts to medical research, infrastructure, and community development grants.

Trump’s Speech to Congress

After struggling mightily with whether or not to tune in, I was able to overcome my fears and convince myself to sit down in the privacy of my den and watch President Trump present his first address to the U.S. Congress.  What fears?  Well, maybe not quite the same fears that motivated early Christians to outlaw dancing as the “work of the Devil,” but in that general ballpark.

"Where the Second Avenue subway went wrong" (James Surowiecki)

New Yorkers once had train service all up and down Second Avenue. Here we see the old Second Avenue El (torn down in 1940-42) at 34th Street. [Click to enlarge.]"The pool of dollars available for something like public transit is limited. The result of extravagant spending on subways and the like is that we end up with fewer of them than other cities.

How to Cut Infrastructure Costs in Half

Americans could save $1 trillion over 10 years by financing infrastructure through publicly-owned banks like the one that has long been operating in North Dakota. President Donald Trump has promised to rebuild America’s airports, bridges, tunnels, roads and other infrastructure, something both Democrats and Republicans agree should be done. The country needs a full $3 […]

Can Schumer And Trump Hammer Out A Bipartisan Infrastructure Approach While McConnell And Ryan Jeer From The Sidelines?

Trump gave us a glimpse of his idea of infrastructure yesterday when he signed executive orders to re-start the approval process for the Keystone XL Pipeline, for the Dakota pipeline, to rush through environmental reviews and to reduce regulations. Trump touted the Keystone XL as a job creator, although he didn't mention that it will create only 35 or so permanent jobs. This is no way to get a serious infrastructure initiative off the ground.

Much of the $2.5 Trillion in Corporate “Overseas Cash” Is Already in the U.S.

How can you miss what never leaves town?by Gaius PubliusComing out of the season of merry and bright we'll be coming into the full blast of news about "what Trump will do." One thing he's going to do is drastically lower taxes on the wealthy and on corporations. Another thing he'll do is declare a "tax holiday" on corporate profit that's (so-called) "held overseas", the (so-called) "unrepatriated" pile of cash that extremely favorable U.S.