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Slashdot: Biden Details $2 Trillion Plan To Rebuild Infrastructure and Reshape the Economy

Biden Details $2 Trillion Plan To Rebuild Infrastructure and Reshape the Economy
Published on March 31, 2021 at 08:50PM
President Biden will unveil an infrastructure plan on Wednesday whose $2 trillion price tag would translate into 20,000 miles of rebuilt roads, repairs to the 10 most economically important bridges in the country, the elimination of lead pipes and service lines from the nation's water supplies and a long list of other projects intended to create millions of jobs in the short run and strengthen American competitiveness in the long run. From a report: Biden administration officials said the proposal, which they detailed in a 25-page briefing paper and which Mr. Biden will discuss in an afternoon speech in Pittsburgh, would also accelerate the fight against climate change by hastening the shift to new, cleaner energy sources, and would help promote racial equity in the economy. The spending in the plan would take place over eight years, officials said. Unlike the economic stimulus passed under President Barack Obama in 2009, when Mr. Biden was vice president, officials will not in every case prioritize so-called shovel ready projects that could quickly bolster growth. Many of the items in the plan carry price tags that would have filled entire, ambitious bills in past administrations, The Times reports. Among them: A total of $180 billion for research and development, $115 billion for roads and bridges, $85 billion for public transit, and $80 billion for Amtrak and freight rail. There is $42 billion for ports and airports, $100 billion for broadband and $111 billion for water infrastructure -- including $45 billion to ensure no child ever is forced to drink water from a lead pipe, which can slow children's development and lead to behavioral and other problems.

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