He also said that an infrastructure arrangement that includes public and private money “can be very expensive.”“We are borrowing very inexpensively,” Trump told the New York Times. White House officials believe this alone could pull in hundreds of billions of dollars in new projects without requiring any government money. Holtz-Eakin argued it was “unrealistic” to think that Trump increase federal spending by $1 trillion, financed mostly through the federal debt. Issuing more government debt to pay for the projects could change the total cost to taxpayers. Some Democrats and Republicans have in the past suggested reworking the tax code in a way that creates a one-time bump in revenue, and using this money for infrastructure projects.

Source: Washington Post April 06, 2017 15:30 UTC