Trump wants to spend at least $500 billion in new infrastructure. According to the president elect, low interest rates make this the perfect time to borrow long term.
The ability of infrastructure spending to create jobs and improve the economy is controversial. Critics of infrastructure spending claim it doesn’t increase jobs. Proponents claim that every $1 of infrastructure spending boosts the economy by $2.00. They make the case that previous slowdowns in infrastructure spending can be linked to decreases in productivity.
Internet infrastructure is one of the only areas where I’m convinced the spending would definitely be worth it. The vast majority of U.S. businesses use these services in their day to day operations. You’d definitely see an increase in productivity.
Although the U.S. invented the internet, it’s lagging behind in speed. There’s no reason we can’t become the world leader, or as one might say “make America great again!”