Post Tagged with: "National Infrastructure Bank"

Federal Reserve Bank of New York

Trillions for Wall Street, Zip for Infrastructure!

By Nancy Spannaus Dec. 21, 2019—As of this writing, the Federal Reserve continues to pour out tens of billions of dollars a day into the Wall Street-centered banks, in the alleged interest of “providing liquidity” in the repo market. Yet, when it comes to providing funds (call it credit) for […]

by December 21, 2019 0 comments Infrastructure Bank, News
An Amtrak derailment in DeFazio's Northwest on Dec. 18,  2017.

Will Democrats Put Infrastructure on the Agenda?

By Nancy Spannaus Nov. 19, 2019—Are some Democrats actually ready to put the vital issue of infrastructure on Congress’s agenda again?  Such a welcome change might be in the offing, thanks to the initiative of Oregon Democrat and Chairman of the House Transportation and Infrastructure Committee Peter DeFazio. Rep. DeFazio […]

by November 19, 2019 0 comments Infrastructure, News
Rudy Arredondo, president of the National Latino Farmers and Ranchers Trade Association.

Latino Farmers Endorse Infrastructure Bank

Nov. 12, 2019—The national congress of the National Latino Farmers and Ranchers Trade Association passed a resolution in support of a National Infrastructure Bank on Nov. 2. The group’s president, Rudy Arredondo, works in Washington, D.C., and has been an active lobbyist for the bank. For an overview of other […]

by November 12, 2019 2 comments News Shorts
Michigan state house

National Bank Resolution Introduced in Michigan

Sept. 23, 2019—The following resolution was submitted to the Michigan State Senate on Sept. 13.  More than a dozen other state legislatures are considering similar resolutions. Over the course of 2019, three state legislatures–Illinois, South Carolina, and Alabama–have passed the resolution. A model draft of legislation for a Federal bill […]

by September 23, 2019 0 comments Infrastructure Bank, News Shorts
An artist's conception of a maglev from D.C. to NYC. The trip would take one hour.

Will 2020 Bring Winds of Change?

By Angela Vullo Aug. 24, 2019–On Sunday night, August 18, MSNBC completed a four-part docuseries called “American Swamp,” which included a segment on infrastructure entitled “Bill to Nowhere.”  The segment detailed both the crisis condition of our national infrastructure and the gridlock in Washington which has failed to address this […]

by August 24, 2019 0 comments Commentary
The recent Amtrak derailment in Washington State--the result of infrastructure on the cheap.

Conditions Overripe for an Infrastructure Bank

By Nancy Spannaus July 24, 2019—Conditions are overripe, so to speak, for the adoption of a $4 trillion dollar National Infrastructure Bank, whose updated text I reprint below. Indeed, any delay will only worsen the consequences of an inevitable collapse of an aspect of our crumbling basic infrastructure, our bloated-to-bursting […]

by July 24, 2019 2 comments Infrastructure Bank, News
This graph by the Congressional Budget Office notes the collapse of Federal infrastructure spending.

State Tax Increases Won’t Solve Infrastructure Crisis

July 6, 2019—As of July 1, 12 states raised their gasoline taxes, in a concerted effort to get the revenue to deal with their collapsing bridges and highways. The actions follow a pattern from recent years, over which time the Federal share of contributions to building and maintaining the nation’s […]

Akron City Council Passes Bank Resolution

Akron City Council Passes Bank Resolution

June 18, 2019—At a meeting last night, the Akron City Council passed a resolution calling on the U.S. Congress to enact legislation establishing a National Infrastructure Bank. The passage had been preceded by extensive discussion. On June 13, sponsors of legislation to create a National Infrastructure Bank testified at City […]

U.S. Federal Debt as percentage of GDP

Hamilton on Debt: Turn It into Capital!

by Nancy Spannaus June 15, 2019–In their June 12 column in Wall Street on Parade, Pam and Russ Martens reviewed the scandal of the century—the fact that the Federal Reserve has bailed out Wall Street to the tune of $27 trillion since the crash of 2008-9. They concluded, appropriately, with […]

by June 15, 2019 0 comments Commentary, News
Ohio Representative Michael J. Skindell

Ohio Legislator Introduces Glass-Steagall Resolution

June 6, 2019—Rep. Michael J. Skindell, a long-time Democratic representative from Ohio’s Cuyahoga County, has introduced a memorial resolution into the Ohio state legislature calling on Congress to pass a new Glass-Steagall law. The substance of House Concurrent Resolution 9 reads as follows: RESOLVED, That we, the members of the […]

by June 6, 2019 0 comments News Shorts