Biden Administration Entertains 3 Trillion Dollar Spending Bill.
The sweeping spending bill aims to boost the economy among other goals to get America back on track. (New York Times)
“That plan would spend heavily on clean energy deployment and the development of other “high-growth industries of the future” like 5G telecommunications. It includes money for rural broadband, advanced training for millions of workers, and one million affordable and energy-efficient housing units. Documents suggest it will include nearly $1 trillion in spending on the construction of roads, bridges, rail lines, ports, electric vehicle charging stations, and improvements to the electric grid and other parts of the power sector.
”
The Biden Administration goes big or goes home. The sweeping proposals will reinvigorate large swaths of the American economy as we face headwinds from China, who seeks to challenge us on multiple fronts. Investing in traditional infrastructure and ‘human infrastructure’ will position the country to successfully mold the 21st century into an ‘American century’ and permanently tip the balance of power to the West and away from other rising super powers. The country needs to come together to ensure the efficacy of these proposals.
