Competing Infrastructure Pronouncements Use Large, Mostly Nonsensical Numbers
A group of four Republican senators on May 27 unveiled a $928 billion infrastructurespending plan.
It was in response to U.S. President Joe Biden administration’s cutting about $74 billion from its proposed $2.3 trillion infrastructure proposal which, according to The Epoch Times’ analysis, was only intended to spend 21 percent on traditional infrastructure.
The administration now proposes $39 billion less for roads and bridges and $35 billion less for broadband.
The Biden administration has also moved some $480 billion of its proposed “infrastructure” spending into bills focused on research and development spending, or industrial policy. Therefore, it claims its “infrastructure” proposal is now only $1.7 trillion.