One of the foremost promises made by Trump in his campaign was that of infrastructure growth. Aside from the fact that it was a campaign promise, it is apparent that infrastructural issues are crucial in the current US environment. However, in identifying ways to invest and build in infrastructure, it is necessary for Trump and the new administration to identify the most cost-effective methods for doing so.
Key Takeaways:
- Despite the dramatic divisions in America after the election, on one issue there seems to be widespread agreement: we as a nation need a massive upgrade to our infrastructure.
- Hillary Clinton called for as much as $500 billion in infrastructure spending while president-elect Donald Trump has fixed the price tag for his vision at between $800 billion and $1 trillion.
- Economists and politicians alike hail both the boost in jobs that would accompany a massive building program and the long-term efficiency gains to be realized.
“The American Society of Civil Engineers estimates that $1.4 trillion in needed infrastructure spending over the next ten years would add $4 trillion to GDP and create 2.5 million jobs.”
http://www.cnbc.com/2016/12/27/trump-infrastructure-europe-commentary.html
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