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This Monday, President Joe Biden signed a $1 trillion infrastructure plan. This money will be used for roads, bridges, ports, rail transit, safe water, the power grid, broadband internet, and more.
The money for this project will be coming from a five-year spending package would that will be paid for by tapping into $210 billion in unspent COVID-19 relief aid and $53 billion in unemployment insurance aid. The rest of the money will come from other funds reserved from petroleum reserve sales and spectrum auctions for 5G services.
Do you think it is a good idea to tap into these funds for the infrastructure plan? The unspent COVID-19 relief aid could have been distributed to those that are still struggling during the pandemic, but instead, it will be used to revitalize our infrastructure.
Overall, I do think the infrastructure plan is a good idea. I think a lot of people are sick and tired of driving over old roads with potholes, so they would be happy that the infrastructure plan addresses this issue. I know how tired I am of worrying about my tires on these old roads, so I would be grateful for some change here.
The great thing about this infrastructure plan is that it will not only renovate parts of America, but it will also provide millions of jobs for Americans. The White House has projected that the investments from this project will add, on average, about 2 million jobs per year over the coming decade.
More jobs and fixing up the country seems like a win-win situation. Although a lot of the money being used for this project could have been used for COVID-19 relief or unemployment, this project is necessary.
Do you think this $1 trillion infrastructure plan is a good idea? Let us know down in the comments!
This article originally published on GREY Journal.