Biden: Federal “investments” can “prolong economic growth”

Source: US News & World Report

“President Joe Biden said Monday that his infrastructure and families agenda must be passed to sustain the economic momentum of his first six months in office …. Senate Majority Leader Chuck Schumer set a Wednesday deadline for a procedural vote to begin debate on the bipartisan infrastructure bill, the details of which are still being worked out as senators wrangle over how to pay for the new spending in the $1 trillion package of highway, water system and other public works projects. At the same time, Democrats are working out the particulars of a separate bill that would invest [sic] $3.5 trillion in social services, education and support for families, that they aim to ultimately pass with solely Democratic support.” [editor’s note: What’s that old tribal saying about cutting off one end of the blanket to make it longer? – SAT] [additional editor’s note: Government spending isn’t “investment” – TLK] (07/19/21)