Coalition for the National Infrastructure Bank

$5 Trillion, 25 Million Jobs

H.R. 6422: Not Just Another Stimulus Bill

June 22, 2020

Updates for June 22, 2020

Addressing infrastructure as a priority for addressing the unprecedented economic downturn, has now taken center stage in Washington.

This past week. as the Trump Administration began floating a $1 Trillion plan, details of which have yet to emerge, Democrats unveiled their own $1.5 Trillion plan on Thursday.

Speaker of the House Pelosi, quoted in The Hill, hit the nail on the head, with her statement concerning the view of building infrastructure in the country: “As you know, the Grim Reaper said nothing is ever going any place in the Senate,” Pelosi said, referring to McConnell. “But there is tremendous interest in the country in building the infrastructure…”, said the Speaker.

Here are some of the advantages of the National Infrastructure Bank (NIB), as proposed in the Davis-Moulton Bill H.R. 6422:

• The NIB avoids deficit spending, and will also address the bankruptcy of the economy and financial system (and the dollar), giving existing US debt a productive use.
• The NIB could be configured to be far larger than $4 Trillion, given its approach, and still not have an impact on the budget. It is not just another stimulus bill.
• Therefore, the NIB opens an entire new era, like was accomplished by the RFC under Franklin Roosevelt.
• Smaller infrastructure bills, while needed, would complement the NIB which would become the driver for the economic recovery.

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