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Trumps Calls For $1.5 Trillion For Infrastructure Plan

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(Via Zerohedge)


President Donald Trump was widely expected to discuss his long-anticipated infrastructure plan tonight, particularly since the White House leaked an outline for a plan to generate $1 trillion in spending through public-private partnerships. Tonight, Trump unveiled an even more ambitious sum, requesting Congress present an infrastructure bill for $1.5 trillion to rebuild America’s roads, airports and rails.


Lamenting that it can take up to 10 years for a permit to be approved to build a simple road Trump demanded that the infrastructure plan also clear away the red tape surrounding the permitting process.


As previously discussed, Trump’s framework under discussion for modernizing U.S. roads, bridges, waterways and other public works calls for allocating at least $200 billion in federal funds over 10 years to spur states, localities and the private sector to spend at least $800 billion and as much as $1.6 trillion. Ultimately, however, the government may be on the hook for the full amount, which would have to be funded with incremental debt.


As Bloomberg notes, White House infrastructure adviser DJ Gribbin has said the administration plans to send detailed principles to Congress a week or two after Trump’s State of the Union speech to begin the legislative process.


Excerpted from the speech:


I am asking both parties to come together to give us the safe, fast, reliable, and modern infrastructure our economy needs and our people deserve.


Tonight, I am calling on the Congress to produce a bill that generates at least $1.5 trillion for the new infrastructure investment we need.


Every Federal dollar should be leveraged by partnering with State and local governments and, where appropriate, tapping into private sector investment — to permanently fix the infrastructure deficit.


Any bill must also streamline the permitting and approval process — getting it down to no more than two years, and perhaps even one.


In response, Bloomberg Intelligence analyst Nathan Dean says that Trump’s call for $1.5t for the new infrastructure is going to fall flat with Congress, noting that there isn’t enough time for Congress to agree on such a broad package before they turn their attention to the 2018 elections, not to mention coming to a bipartisan agreement over budget concerns.


As Dean further says, “all of this infrastructure talk in Washington is going to have little impact on total U.S. infrastructure growth in 2018.”


Meanwhile, Democrats are already questioning the plan and key groups are at loggerheads over the question of funding.


And so, despite the massive spending commitment, which could mean as much as $1.5 trillion in new debt, there was little reaction in the ten year, which was modestly lower on the news, as it either has had plenty of time to price the news debt in, or simply does not believe that it will happen.

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Local News

CA: [Video] Dr. Mike Schmidt Banned from Twitter in Hot Congress Race-Very Curious

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Dr. Mike Schmitt is running for Federal Office in the 49th District of California for a House Seat. He is in the middle of a hotly contested race.  He has been banned from Twitter.

First, he was timed out for 12 hours, then 7 days, now he is banned.  He was posting about a debate between candidates on Obamacare, he said.

“The Most precious free speech we have is political Free Speech,” he said.  “I have no recourse,” he said as he filled out their grievance forms and waits to see if Twitter will answer.

WATCH:

 

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Culture

Trump to withhold “Federal Family Planning Funds” from people who kill babies, Obama’s legacy dead

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Friday, stories about President Donald J. Trump cutting access to taxpayer funds for Planned Parenthood shook the left. The cut could result in over 60 Million dollars of funds being stripped from Planned Parenthood and diverted to Women’s Health Centers.

“Planned Parenthood spends tens of Millions of Dollars on Political activity and performs Abortions. We don’t think taxpayers should be paying for that,” said KellyAnne Elizabeth Conway, Counselor to the President.

WHAT ARE FEDERAL FAMILY PLANNING FUNDS?

Until today, the funds pay for abortions because of Obama’s Pen and Phone. The money they take from us for this program is called “Taxes”.

Department of  Health and Human Services .

2011

2012

2013

2014

2016

Obama says- just give me the money- I am tired of waiting:

2017

Trump undoes Obama- Power back to the People, at the State Level

2018

Trump: “If you perform abortions, you can not get tax money.”

Twitter Reacts

IRONY IS SO IRONIC

The Left feels that killing the child is better “Family Planning” than not getting pregnant at all.

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Business

Soros Newest Investor Of Tesla Bonds

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Tesla looks to have a new bond holder and it’s none other than George Soros. Whatever this mean, Soros has also taken a stake in Crypto-Currencies .

Zerohedge Reports: Amid Elon Musk’s darkest hour in late March – as his stocks and bonds tumbled in price – it seems there was at least one other billionaire willing to buy the ‘blood on the street’.

According to the latest 13Fs, George Soros’ investment firm took a $35 million stake in Tesla’s convertible bonds during the first three months of the year.

As a reminder, convertibles are hybrid securities, either bonds or preferred stock, that can be exchanged for a predetermined number of common shares. That effectively lets an investor participate in stock-price changes, but with the yield and greater security of a fixed-income instrument.

The March 2019 Converts bounced handsomely off those lows – tracking the stock’s divergent bounce – but in recent days has fallen back towards the lows, catching down to the straight bonds record low price.

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