President Trump Boasts Infrastructure Investment in SOTU
The $1 trillion plan was mentioned again…but where are the details?
In his first State of the Union Address, President Trump made it clear that he is sending a $1 trillion infrastructure plan to Congress. What wasn’t so clear is how it would work, and when it would happen.
Another Republican President, Dwight D. Eisenhower, initiated the last truly great national infrastructure program –- the building of the interstate highway system. The time has come for a new program of national rebuilding.
America has spent approximately six trillion dollars in the Middle East, all this while our infrastructure at home is crumbling. With this six trillion dollars we could have rebuilt our country –- twice. And maybe even three times if we had people who had the ability to negotiate.
To launch our national rebuilding, I will be asking the Congress to approve legislation that produces a $1 trillion investment in the infrastructure of the United States — financed through both public and private capital –- creating millions of new jobs.
This effort will be guided by two core principles: Buy American, and Hire American.
As you can see from Mr. Trump’s words above from the speech last night, the best detail he offers for the plan is to “buy American and hire American,” and “financed through both public and private capital.”
ConstructionDive.com reports more on the speech and what such an investment means for our industries. Read it HERE.