David Dayen: “If you believe that the Senate bipartisan infrastructure proposal is just part of a whole—that some of President Biden’s spending can pass in there under regular order, and the rest in a larger reconciliation package—then you might see it as a benign way to boost Biden’s bipartisan deal-making capabilities without sacrificing anything.”
“But if you see the bill as not wholly additive but subtractive, you might reject it on its own terms.”
“The really scary piece is labeled ‘Public private partnerships, private activity bonds, and asset recycling.’ In the name of building world-class infrastructure, these lawmakers would sell it off in fire sales to private financiers. We have lots of experience with infrastructure privatization that strongly suggests it should be avoided.”
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