Saturday, April 3, 2021

Rebuilding American infrastructure

Infrastructure definition: the basic physical and organizational structures and facilities (e.g. buildings, roads, power supplies) needed for the operation of a society or enterprise. 

From Manhattan Contrarian

President Biden’s “American Jobs Plan” proposes spending $2.3 trillion, in addition to the $1.9 billion recently approved, and both trillions “on top of a $4 trillion or so annual level of baseline federal spending.”

Keeping in mind that those 2.3 trillion dollars are to be spent on infrastructure, which roads, highways, buildings and etc. will receive the money?

$400 billion will go “to expand caregiving for those who are older and those with disabilities.”

$213 billion will go to “affordable housing.”

$174 billion will be spent on “electric vehicle incentives.”

$109 billion goes to “electric grid and clean energy.”

$100 billion goes to “public schools.”

$100 billion will be spent for “high speed broadband.”

https://www.manhattancontrarian.com/blog/2021-4-1-us-to-go-full-venezuela-on-economic-policy

Link at Maggie’s Farm.

Proponents of spending another $2.3 trillion can call their bill “America’s Job Plan” from now until whenever, but will Democrats admit the title hides spending massive amounts of money we do not have? Not likely. Facts matter little to Democratic Progressive Socialists.

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