After more than a year of promises, President Trump finally released his infrastructure plan and it wasn’t worth the wait. Although it claims to be a $200 billion plan, cuts to current funding for programs like New Starts and Amtrak decrease overall infrastructure spending.
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Trump’s plan requires the $200 billion to be offset but doesn’t specify what should be cut to do it. It's also being sold as a $1.5 trillion plan but it really isn’t. That number assumes over $1 trillion in nonfederal infrastructure spending will suddenly materialize. It won’t.
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As a Fannie Mae shareholder, I have a good guess.
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