With the November election rapidly approaching, candidates of every size and shape are falling all over themselves with unbridled promises of good things to come, including overhauling America’s “crumbling infrastructure.”
The run for the White House features a veritable bidding war between Hillary Clinton and Donald Trump over who can lavish more money on programs to fix the nation’s decrepit roads, bridges, and tunnels Clinton has unveiled a five-year, $275 billion plan that includes a $25 billion “national infrastructure bank,” which, her website says, will be used to leverage “up to an additional $225 billion in direct loans, loan guarantees, and other forms of credit enhancement.” All told, the Clinton scheme would amount to $500 billion in “federally supported investment,” to be paid for by what her campaign delicately refers to as “business tax reform.”
