Trump Infrastructure Plan Would Pay For A Fraction Of Investment

It's a year later than first promised, but President Trump finally announced his long-awaited infrastructure plan at the White House today, flanked by governors, mayors, and other state and local leaders. Calling the condition of the country's roads, bridges, ports, tunnels and water systems "horrendous," Trump says his plan "will spur the biggest and boldest infrastructure investment in American history. The framework will generate an unprecedented $1.5- to $1.7-trillion investment in American infrastructure."

But the word "generate" is not the same as "spend," as the Trump administration's plan proposes to allocate just a fraction of that ambitious goal, $200 billion over 10 years, with most of the rest of the funding burden shifted onto states and local governments.

It's a radical departure from how federal