Trump Floats Nonsense Idea of Privatizing Airports and Dams
Donald Trump is considering privatising America’s airports and dams as part of an infrastructure building programme that could exceed past estimates of a trillion dollars....
“America can do much more than it has, and can do what other countries in Europe and Australia have done, by harnessing private capital,” Howard said.
“So it could privatise a number of assets such as airports and dams, and get a lot of capital from that, as well as increase the tax base.”
.Last year the Cato Ins ute, a conservative thinktank, published a paper that endorsed
privatising the nation’s more than 500 commercial airports, which are currently owned by state and local governments and
rely on the federal government for capital improvements.
The federal government can't privatize airports that are owned by states and cities.
And even if it could, states and cities would get the money. So what's the point?
I'd say Trump had four big domestic priorities when he took office:
- Repeal Obamacare.
- Cut taxes for the rich.
- Spend $1 trillion fixing roads and bridges.
- Build a wall.
The Obamacare effort has already crashed and burned.
His tax plan apparently won't work with Obamacare in place, so now he's delaying that to take another run at health care.
He doesn't have anywhere near enough support for his infrastructure plan, which is why he's desperately scanning the horizon for weird ideas to fund it.
And the wall hasn't gone anywhere yet. It may yet make progress, but even
Trump admits it won't cover anything close to the whole border.
On foreign policy,
he's crashed and burned on his immigration plan;
reversed himself on Russia;
launched a strike on Syria with no apparent follow-up plan;
still has no proposal for defeating ISIS;
caved in to China on Taiwan; and
has gone soft on trade.
http://www.motherjones.com/kevin-dru...ports-and-dams