“Trump agreed this week, in a meeting with the Congressional Democratic Party leaders, on a $2 trillion infrastructure package—not a bad start on the desperate shortfall in infrastructure across the nation—but without a clue as to how to obtain that sum.”
A Note To Readers
Here is the full statement that the above quote is an excerpt:
“Trump agreed this week, in a meeting with the Congressional Democratic Party leaders, on a $2 trillion infrastructure package—not a bad start on the desperate shortfall in infrastructure across the nation—but without a clue as to how to obtain that sum. While overcoming the China-bashers’ resistance to Chinese investment would help, the only real solution is that contained in the Four Laws proposed by Lyndon LaRouche—in particular, the establishment of a Hamiltonian national bank. Chinese officials have repeatedly confirmed to EIR that they would be delighted to exchange their enormous holdings of U.S. government debt for equity in such a national bank, to fund basic infrastructure across the country. And of course, it is not only China that holds U.S. government debt, but other nations, and millions of citizens, who have been receiving close to zero interest on those bonds for the last decade, and would also have the opportunity to invest in a national bank.”
The above paragraph is from an article from LaRouche PAC on May 2, 2019, and summarizes the idea that was missing from the President’s and the leaders of Congress’s “Infrastructure Summit” this week. More on all that in our Feature this week, below.
In Addition, In This Week’s Report:
While drought nation-wide has been significantly reduced this past winter, one anomaly stands out– that is Washington State. Maps and an article present the picture.
The California Department of Water Resources (DWR) conducted the fifth and final for the year snow survey of 2019. The 2019 snowpack reached its peak on March 31 and is the fifth largest on record.
Next comes a short update on the functioning of the rebuilt spillway at Oroville Dam from the Department of Water Resources. I think it was issued to counter stupid rumors that the spillway construction was flawed and it is falling apart.
Repeating what has been said for the last few weeks, hydrologists are relatively optimistic about the current levels and inflow to the reservoirs in the Colorado River basin.
Wild fire potential is already being discussed, with warnings of potentially intense and dangerous fires in Washington State, the Bay Area and, of course, Southern California.
The never ending “California Water Wars” feature this week the official end of the two-tunnel Delta project, to be replaced with a one-tunnel project. In addition, it may surprise and shock some, but it is apparently true, that five salmon arriving back in the San Joaquin River of 38,000 released, cost $178 million– more than $30 million per fish. Families Protecting the Valley tells the story.
The last section before this week’s feature is titled “Enough Disasters” and reports on the Missouri-Mississippi flooding and the unbelievable California High-speed rail project.
Then we conclude with the Feature, focused on the potential that a serious infrastructure policy for the nation may be at the starting gate.
