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In Reply to: RE: Take it with a grain of salt. posted by emailtim on November 20, 2021 at 13:17:01:
only 5% infrastructure? that's BS! where are your figures derived from? they don't match the actual bill!
it's also amortized spending. $6.7T was added to the Nat'l Debt by the former guy ... we're still operating under the last budget, Biden inherited a $1.5T Deficit for 2021 ... but get real, all Presidents spend, it's part of the job description!
anyway, here's the new spending breakout ... it's bi-partisan too, which is 'nice':
Bipartisan Infrastructure Framework
Amount (billions)
Total $579
Transportation $312
Roads, bridges, major projects $109
Safety $11
Public transit $49
Passenger and Freight Rail $66
EV infrastructure $7.5
Electric buses / transit $7.5
Reconnecting communities $1
Airports $25
Ports & Waterways $16
Infrastructure Financing $20
Other Infrastructure $266
Water infrastructure $55
Broadband infrastructure $65
Environmental remediation $21
Power infrastructure incl. grid authority $73
Western Water Storage $5
Resilience $47
*New spending + baseline (over 5 years) = $973B
*New spending + baseline (over 8 years) = $1,209B
and as info:
In his FY 2021 budget, Trump's budget included a $966 billion deficit. However, the national debt actually grew by $1.5 trillion between Oct. 1, 2020, and Oct. 1, 2021.
FY 2021: $1.5 trillion
FY 2020: $4.2 trillion
FY 2019: $1.2 trillion
FY 2018: $1.3 trillion
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Follow Ups
- RE: Take it with a grain of salt. - rivervalley817 11/20/2114:08:37 11/20/21 (0)
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