https://pjmedia.com/spengler/president-trump-is-magnificently-right-about-infrastructure/
President Trump’s proposal to spend $2 trillion to rebuild American infrastructure was as gutsy as it gets, coming on the heels of another $2 trillion in emergency economic aid. The president tweeted, “With interest rates for the United States being at ZERO, this is the time to do our decades long awaited Infrastructure Bill. It should be VERY BIG & BOLD, Two Trillion Dollars, and be focused solely on jobs and rebuilding the once great infrastructure of our Country!”
We can’t afford it, but we can’t afford not to do it. That’s just what I proposed in my last PJ column, “Fix Your Roof While It’s Raining.” The critical decisions will be about what we call “infrastructure.” The president said, “We’re not going to do the Green New Deal and spend 40% of the money on things that people just have fun with.”
What are the top priorities? Roads, bridges and tunnels are obvious. Rail is also important. America’s oil production surge strained our transport system, rail as well as pipelines, and drastically raised freight costs. Overall, the U.S. producer price index is barely changed over the past ten years, but rail transport costs are up 30%.