This is from a FoxNews.com story headlined “ Biden’s $2T spending plan, billed as infrastructure bill, spends less than half on infrastructure”
Less than 6% of the proposal goes to roads and bridges, critics say
From the article…
***”Indeed, the White House summary of the American Jobs Plan says it will spend “$115 billion to modernize the bridges, highways, roads, and main streets that are in most critical need of repair” out of more than $2 trillion in the plan. That is slightly under 6%.
But what counts and does not count as infrastructure can be tricky to define, according to Cato Institute Director of Tax Policy Studies Chris Edwards.
Fast Facts: Biden $2T spending plan
$400 billion for home-based care for elderly and disabled
$35 billion for climate change-related R&D
$50 billion for “research infrastructure” at the National Science Foundation
$50 billion for new Commerce Department office “dedicated to monitoring domestic industrial capacity”
$213 billion for home sustainability and public housing
“The first thing to know is there is no hard definition of infrastructure. Economists have no hard definition of infrastructure,” Edwards said in an interview with Fox News. ***
Other items that don’t really seem like “infrastructure”… “Fox News also excluded $213 billion in Biden’s plan that’s directed at home sustainability and public housing; at least $35 billion aimed at R&D related to climate change; $50 billion to create a new office at the Department of Commerce to “dedicated to monitoring domestic industrial capacity and funding investments to support production of critical goods;” $30 billion to prepare for future pandemics; $45 billion for the federal government to buy clean energy goods; $14 billion “to bring together industry, academia, and government to advance technologies and capabilities critical to future competitiveness;” and several other provisions.”
I guess this is going to end up being an argument about the definition of “infrastructure”. There appears to be plenty of Green New Deal for example.
My reaction…surprise surprise another Biden lie. He campaigned as a moderate and here we go again, on the heels of a Covid bill that had very little to do with Covid here comes an infrastructure bill that has damn little to do with infrastructure. Maybe he learned from his old boss “Shovel Ready Jobs Weren’t All That Shovel Ready” Barack.
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