Infrastructure

President Biden is in Pittsburgh today to hype his plans for federal infrastructure spending ... $2 trillion in Phase One over the next 8 years. Let’s put this in some context. As of 2015, a 2017 CATO Institute study estimated that there was $52.3 trillion of infrastructure in the United States ... which means that Biden’s proposal would be likely less than a 4% increase ... allowing for our infrastructure growth over the last six years.

Which leads us to the question of who owned this $52.3 trillion of American infrastructure? Well, thankfully, in this same study ...  see: Cato Institute Study  .. CATO did its homework and determined that 65% ($40.7 trillion) was owned by the private sector, 30% ($10.1  trillion), by state and local governments ... and only 5% ($1.5 trillion)  was owned by our federal government.

This then means that Biden’s Phase One proposal, would certainly more than double the federal government’s infrastructure ownership ... and likely also more than double its percentage piece of the American pie. There is one caveat however  ... reading the details of Biden’s proposal ... see:  CNN Article  ... he seems to have a very lose definition of “infrastructure” ... (remember Obama’s “shovel-ready jobs” that weren’t shovel ready.)

Which leads us finally to the real question ... why can’t Biden construct an infrastructure plan that encourages the private sector to partner with state and local governments to improve our nations infrastructure? Oh, yes ... that would eliminate the need to increase taxes ... and take more goose-steps toward Bernie Sanders’ utopia.

Afterward: Steve Miller was on Larry Kudlow’s TV show tonight and said that the private sector would do all that Biden’s proposed bill would do ... merely by passing a law saying that all new infrastructure projects HAVE to be approved within one year.

STANND UP FOR LESS GOVERNMENT!