If you could bankrupt America?
When I studied Economics many years ago - it seemed to be a fluid system where depending upon world happenings - thing s could either go up during inflation or fall when there was a depression! But not now with the " New Liberal " money policy! Read and if you are in the least intelligent enough to see the handwriting on the wall - just maybe you will be as alarmed as myself!
Date: 4/2/2021 7:06:20 PM ( 46 d ) ... viewed 64 times
Here is some of the wild thinking:
Joe Biden wants to spend $2 trillion on infrastructure and jobs. These 4 charts show where the money would go.
The plan includes everything from road repairs and electric vehicle stations, to public school upgrades and training for the clean-energy workforce.
Javier Zarracina, Joey Garrison and George Petras, USA TODAY
Published 7:31 AM EDT Apr. 1, 2021 Updated 3:41 PM EDT Apr. 1, 2021
WASHINGTON — President Joe Biden on Wednesday introduced a sweeping $2 trillion infrastructure and jobs package that looks to reshape the American economy and make the most significant domestic U.S. investments in generations.
His far-reaching American Jobs Plan includes spending to repair aging roads and bridges, jump-start transit projects and rebuild school buildings and hospitals. It would also expand electric vehicles, replace all lead pipes and overhaul the nation’s water systems.
But the plan goes far beyond infrastructure.
It’s as much a jobs program – one that looks to build the nation’s clean energy workforce, expand manufacturing and boost caregiving as a profession to serve the elderly and disabled.
"Put simply, these are investments we have to make," Biden said. "Put another way, we can't afford not to."
What is in Biden's plan?
The plan, the centerpiece of Biden’s economic agenda, will next need to pass Congress, where Republicans are already lining up against it.
According to White House, the plan is divided across four main areas. Here is how the money would be spent:
1. Transportation infrastructure: $621 billion
The plan would make a massive investment in America's roadways, railways, and bridges with a focus on clean energy.
It would spend $174 billion, or about 28% of the transportation portion, on electric vehicles. That includes a network of 500,000 electric vehicle stations, using electric vehicles in bus fleets, and replacing the federal government's fleet of diesel transit vehicles with electric vehicles. It would also offer tax incentives and rebates for electric cars.
About $115 billion would pay for fixing roads and bridges, chosen by those in most need of repair. That includes 20,000 miles of highways and roads, the 10 most "economically significant" bridges in the U.S. as well as 10,000 smaller bridges.
Another $85 billion is set aside for modernizing transit systems and $80 billion for a growing backlog of Amtrak repairs as well as improvements and route expansion. Airports, ports and waterways would also receive improvements.
2. Quality of life at home: $650 billion
The largest part of the plan focuses on American homes, school buildings, underground water infrastructure, and broadband expansion.
The plan would spend $213 billion to build, preserve and retrofit more than 2 million affordable homes and commercial buildings. This includes the construction or rehabilitation of 500,000 homes for low- and middle-income owners. An additional $111 billion would go toward clean drinking water, including the replacement of all lead pipes and service lines.
The plan sets aside $100 billion for constructing or modernizing public schools, while another $100 billion would be used to build high-speed broadband networks throughout the country. The goal would be for broadband to become universal for all Americans and to drive down the costs of the internet.
The plan also calls for $40 billion to improve public housing, $18 million for Veterans Affairs hospitals and clinics, $12 billion for community college infrastructure, and $16 million to plug oil and gas wells and reclaim abandoned mines.
What a dream...
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