Varney: $2T infrastructure plan gives government spending a bad name

Channel: Fox Business
Published: 05/01/2019

Description
FBN's Stuart Varney on concerns over how the potential $2 trillion in infrastructure money will be spent. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the bu...



Transcript
Fixing the nation's infrastructure, we can all get behind that, can't we it's roads and bridges right when you say infrastructure, that's what you mean roads and bridges right. I didn't think that we've been much agreement in the infrastructure summit, but lo and behold, speaker, pelosi and senator schumer emerged to say they did reach agreement. Yes, they have agreed to spend two trillion dollars ...
Of course, we all know what we all want to know where that money is going to come from no answer on that one. Yet i also want to know exactly what we're going to get. What we're going to spend two trillion dollars on you think it's just roads and bridges. That'S howinfrastructure spending has always been sold while dream on folks after the white house meeting, the democrats declared that infrastructure was much much more than just roads and bridges quote it's about advancing public health with clean air and clean water and quote addressing climate change and get This, it's also about expanding broadband, to rural urban and other underserved areas, really that's not roads and bridges, and if we do tackle infrastructure, the spending must quote, involve women, veteran and minority-owned businesses in construction and the work must pay the prevailing wage. End quote: this is a democrat grab. Bag of social policy goals attached to infrastructure reminds me of obama's stimulus plan. He turned over eight hundred andsixty five billion dollars to congress and let them spend it didn't end. Well now it's two trillion dollars. This is what gives government spending a bad name.

It'S not focused on specific problems like roads and bridges. No, it's same old, same old politicians bringing home the bacon, buying votes, satisfying, favored groups. As for the present he's a business guy, he understands cost and efficiency and getting things done, hopefully he won't go for new taxes to pay for it all. Hopefully, he won't load climate change, health care and broadband on top of fixing roads and bridges. My opinion, if an infrastructure deal means giving a two trillion dollar check to congress. I'D rather have no dealno agreement. There really is something to be said for gridlock.


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