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Richard Lefrak from the Lefrak family that owns Lefrak City as well as other properties in NYC. Trump is tapping his expertise in his infrastructure development plan.
Richard Lefrak from the Lefrak family that owns Lefrak City as well as other properties in NYC. Trump is tapping his expertise in his infrastructure development plan.
So we are going to be getting lots of high rise crack houses all over the country. That is just what we need. But seriously who else can we tab for this role? Any good samaritan real estate developers? Actually, why do we need this position?
So the Congress dumb enough to almost make the US government default on its debt over federal spending is now even more conservative than a few years ago and will OK an extra trillion on the deficit? At a time when interest on the debt is going to rise because rates are going up? And be happy to do it because two more Trumpista multi millionaires are in charge of it all?
I will believe this when the pigs are flying over Central Park.
So the Congress dumb enough to almost make the US government default on its debt over federal spending is now even more conservative than a few years ago and will OK an extra trillion on the deficit? At a time when interest on the debt is going to rise because rates are going up? And be happy to do it because two more Trumpista multi millionaires are in charge of it all?
I will believe this when the pigs are flying over Central Park.
Yes. They hated Obama, who was a Democrat, and basically were going to obstruct everything he did. Obama became a rallying point, for some really rather obvious reasons. And Republicans have never had problems with spending large amounts of money on military or pork barrel projects that benefit their districts. They do have highways, bridges, airports, and seaports and these require vast amounts of money to upgrade and to spend.
As noted, Trump has TRUMPED all the so called experts, and really isn't someone you can underestimate.
Unless His Orangeness has come up with a new scheme.......
"This proposal would release $137 billion in tax credits over ten years to private companies spending on infrastructure; in exchange, those companies would be expected to raise $167 billion in total equity, supporting a potential $1 trillion in total new construction, amounting to the largest U.S. infrastructure binge since the construction of the Interstate Highway System. In contrast to the vast majority of public works in the U.S. today, projects would have to raise user fees to pay back initial loans and corporate equity contributions."
Unless His Orangeness has come up with a new scheme.......
"This proposal would release $137 billion in tax credits over ten years to private companies spending on infrastructure; in exchange, those companies would be expected to raise $167 billion in total equity, supporting a potential $1 trillion in total new construction, amounting to the largest U.S. infrastructure binge since the construction of the Interstate Highway System. In contrast to the vast majority of public works in the U.S. today, projects would have to raise user fees to pay back initial loans and corporate equity contributions."
Long story short there isn't yet a concrete plan on the table on where the one trillion is going to come from and or how it is to be raised.
Oh we do have some indications on that already. During his campaign Trump said he was the king of debt, and we know how he handled debt on his companies. He borrowed lots of money and had his companies declare Chapter 11 several times.
I assume Trump will have the government issue lots of new bonds and raise a big portion of the 1 trillion that way.
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