Via Flickr Nicole Welle | April 5, 2021 President Joe Biden's new $2 trillion infrastructure and jobs package includes a multi-billion dollar plan to combat the climate crisis and promote a nature-based infrastructure. The plan includes $16 billion for capping abandoned oil and gas wells and $10 billion for the Civilian Climate Corps, a program…
By: Tho Bishop
Today is the eighty-eighth anniversary of Executive Order 6102, signed by President Franklin Delano Roosevelt, “forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States.” The order was one of the several disastrous responses to the Great Depression that succeeded in escalating the financial crisis. Later in the year, the US Congress would pass a resolution retroactively supporting the legislation; however, it was the determined autocratic leadership of FDR that made way for these unprecedented measures. It would be a crime for Americans to hold gold for over forty years, until President Gerald Ford reversed the order in 1974.
Nicole Welle | April 5, 2021
President Joe Biden’s new $2 trillion infrastructure and jobs package includes a multi-billion dollar plan to combat the climate crisis and promote a nature-based infrastructure.
The plan includes $16 billion for capping abandoned oil and gas wells and $10 billion for the Civilian Climate Corps, a program that would create employment opportunities through conservation and restoration projects. To help pay for this, the proposal would raise the corporate tax rate to 28% and close tax breaks for oil and gas development, according to the Iowa Capital Dispatch.
There are currently over 2.3 million abandoned gas and oil wells in the United States, and they are leaking large amounts of methane into the atmosphere. By putting money towards capping them, the federal government plans to create jobs for workers displaced by the transition to renewable energy. This plan to create climate-friendly jobs shares similarities with the New Deal that President Fran
The move comes after budget cuts caused reductions in litter pick up last year, leading to complaints of trash piling up across the city and prompting residents to do the dirty work themselves.
Share
Mayor Bill de Blasio is taking a leaf out of the FDR
playbook to help the city recover from the corona virus pandemic.
Roosevelt established the Civilian Conservation Corps, or
CCC, in 1933 as part of his New Deal legislation, combating high unemployment
during the Great Depression by putting hundreds of thousands of young men to
work on environmental conservation projects
Mayor de Blasio says his City Cleanup Corps (CCC) will
create 10,000 jobs and make New York City the cleanest, greenest city in the
United States.
“In 1933, President
Franklin Delano Roosevelt built the nation’s economic recovery by improving
infrastructure, putting Americans back to work, and restoring civic pride in