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Trump presents trillion dollar infrastructure plan, but where's the money?
AMERICANS can no longer live with crumbling locks, dams, roads and bridges, said US President Donald Trump as a preface to his a plan to leverage US$1 trillion in investment for national infrastructure building.
Speaking at a marina in Cincinnati on the banks of the Ohio River with a coal barge behind him, the President vowed that "America wants to build."
"America must have the best, fastest and most reliable infrastructure anywhere in the world," he said. "We cannot accept these conditions any longer."
Mr Trump did not provide any new details of his plan. His budget proposal for fiscal 2018 calls for $200 billion in direct federal spending over the next 10 years to spur at least $800 billion in spending by states, municipalities and private entities that together own most US infrastructure.
The White House has not detailed the source of the $200 billion or the breakdown in spending. The administration has said a full legislative package could be ready by the third quarter.
Democrats, some Republicans and groups representing the nation's governors and mayors have said much more than $200 billion in direct federal spending over 10 years is needed to meet the nation's needs - and that relying on states, municipalities and the private sector won't get needed work done.
Speaking at a marina in Cincinnati on the banks of the Ohio River with a coal barge behind him, the President vowed that "America wants to build."
"America must have the best, fastest and most reliable infrastructure anywhere in the world," he said. "We cannot accept these conditions any longer."
Mr Trump did not provide any new details of his plan. His budget proposal for fiscal 2018 calls for $200 billion in direct federal spending over the next 10 years to spur at least $800 billion in spending by states, municipalities and private entities that together own most US infrastructure.
The White House has not detailed the source of the $200 billion or the breakdown in spending. The administration has said a full legislative package could be ready by the third quarter.
Democrats, some Republicans and groups representing the nation's governors and mayors have said much more than $200 billion in direct federal spending over 10 years is needed to meet the nation's needs - and that relying on states, municipalities and the private sector won't get needed work done.
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