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The US Government is trying to do infrastructure right now. To the tune of $3.5Tn over 10 years to make up for the lack of investment over decades. And it inclu
by areoform 5y ago
The US Government is trying to do infrastructure right now. To the tune of $3.5Tn over 10 years to make up for the lack of investment over decades. And it includes charging infrastructure and more. The budget has been balanced and paid for, thereby not impacting the deficit.
> Biden is proposing a $174 billion investment into electrifying cars and trucks in the United States. It would establish grant and incentive programs for state and local governments and the private sector to build a national network of 500,000 electric vehicle charging stations by 2030.
https://www.nytimes.com/2021/03/31/business/biden-electric-vehicles-infrastructure.html https://www.nytimes.com/2021/03/31/business/biden-electric-v...
America's infrastructure in such bad shape that there's a good chance that the arteries of US commerce will start having an increase in catastrophic failures leading to death.
But it's being pushed back against, because well, reasons. This spending, to transform America's degrading infrastructure, will come out to $350Bn/yr. The Middle East & Afghanistan wars come out to, $355Bn/yr at - $6.4 trillion over ~18 years. https://www.cnbc.com/2019/11/20/us-spent-6point4-trillion-on-middle-east-wars-since-2001-study.html https://www.cnbc.com/2019/11/20/us-spent-6point4-trillion-on... . The tax cuts under the last administration come out to $200Bn/yr. Neither of these - the wars and the tax cuts - have been balanced and are coming out of America's ballooning deficit.
If you would like the Government to do more of this, please call your representatives and vote for people who invest money towards a better future for everyone.