Last week, President Joe Biden unveiled the American Jobs Plan, a truly massive economic initiative designed to restore the United States’ infrastructure and revitalize the economy as we get closer to the light at the end of the COVID-19 tunnel. Beefing up the economy is definitely a worthwhile cause, but one aspect of the plan has both ends of the political spectrum unsure: the $2.2 trillion price tag.
Republican senators, such as Senate Minority Leader Mitch McConnel, have complained that the plan is too expensive and isn’t directing money in the right ways. Democratic senators like Alexandria Ocasio-Cortez, on the other hand, have said that the plan isn’t bold enough, and that even more money is required to really give the country the overhaul it needs. Today, a member of Biden’s own cabinet, Transportation Secretary “Mayor” Pete Buttigieg, took the time to express his thoughts on the matter.
“There are obviously a lot of people on the other side of the aisle saying, ‘This is too big, too bold.’ And then, some of our friends on our side of the aisle are saying, ‘It should be even bolder,’” said Buttigieg.
“Again, that’s a natural part of this conversation and this process,” he continued. “But let me stress, this is the biggest investment in American job creation proposed or, if achieved, since World War II. This is a huge deal.”
This is not nearly enough. The important context here is that it’s $2.25T spread out over 10 years.
For context, the COVID package was $1.9T for this year *alone,* with some provisions lasting 2 years.
Needs to be way bigger. https://t.co/eTQ7cxuTzF
— Alexandria Ocasio-Cortez (@AOC) March 30, 2021
“What it would mean to have 10,000 bridges around America replaced, what it would mean — or improved — what it would mean to get broadband out to every single American, what it would mean to have zero lead pipes remaining in those water service lines is absolutely enormous, as is that 19 million job figure,” he concluded.
Talks on the plan are ongoing, and there is currently no projection as to when it could be put into action, if at all.