Trump Expresses Sympathy About Recent Train Accident In Washington State, Links Accident To Infrastructure Plan

Construction workers on a infrastructure project

On Monday U.S. President Donald Trump gave a speech about his administration’s national security strategy before the national security and defense community assembled in Washington D.C. at the beginning of the week when Republican lawmakers on Capitol Hill are attempting to approve the largest tax cuts in U.S. history for individual Americans and corporations to help grow the U.S. economy.

During the beginning of his speech, President Trump expressed his sympathies and prayers for the victims of a train derailment in Washington state and concluded that it is “all the more reason we must start immediately fixing the infrastructure of the United States.”

President Trump’s tweet on Monday echoed that sentiment when he tweeted that the train accident in DuPont, Washington shows more than ever why our soon to be submitted infrastructure plan must be approved quickly.

The Amtrak train that derailed in DuPont, Washington on Monday was traveling at an excessive speed of 81 mph on a 3o mph curve just moments before derailing, according to Amtrak and transportation officials.

Transportation investigators are still examining whether the high speed of the Amtrak train was the reason behind the train derailment.

President Trump’s recent linkage of infrastructure deficits with the recent train derailment in Washington state appears to have been a premature rush to judgment.

However, he is correct in concluding that America’s infrastructure is sorely in need of investment and repair.

The American Society of Civil Engineers’ latest report card for America’s infrastructure reveals a low score of D + using an A to F grading format with a cost of $4.59 trillion and only approximately 55 percent committed thus far.

During the 2016 presidential election season, President Trump floated a $ 1 trillion joint public- private equity plan to help tackle America’s infrastructure needs and more recently his 2018 budget provides a plan to give tax credits to private sector investors to help boost investment in infrastructure projects.

The Center on Budget and Policy Priorities, a progressive American think tank, published a August 10, 2017 article titled, It’s Time For States To Invest In Infrastructure, that advocates for the need of U.S. states to invest more in infrastructure improvements instead of just relying on the federal government which has already lowered federal infrastructure investment from 1 percent to 0.5 percent of GDP over the past 35 years, leaving more of the task to states and local governments.

The article emphasizes that state investment in transportation, public buildings, water treatment systems, and other types of vital infrastructure is critical to creating good jobs and supporting a full economic recovery and U.S. states should reject the “flawed economic growth strategy” of cutting taxes and offering corporate giveaways.

During President Trump’s speech on Monday, he boasted about how America is now investing $700 billion for national defense this year, a new record, while he’s working to pass the biggest tax cuts in U.S. history, and is slashing regulations at a pace of 22 regulations for every new regulation while removing the U.S. from the historic Paris Climate Accord and the Trans-Pacific Partnership (TPP), a trade agreement with a host of Asian countries.

Written and Edited By:

Johnathan Schweitzer

@SchweitzFinance

schweitz31@gmail.com

 

 

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