"The president wants a trillion dollars worth of work on the ground and we're going to give it to him," explained Office of Management and Budget Director Mick Mulvaney this afternoon. By the magic of leveraged private investment (that is not buying back its own stock or stashing cash overseas), the Trump administration will transform a $200 billion line item into a trillion-dollar stimulus plan (but it won't be ready until the fall).
Trump ran for president in part on a promise to pour money into U.S. roads, airports and other public works, but he has so far disclosed few details about how he’d pay for the improvements, and how much of the money would come from public versus private sources.
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