President Joe Biden wants to change the paradigm of American society. In doing so he may encounter huge resistance in some quarters but he is banking on the fact that America is on the cusp of a major transformation – and ready for it. His proposal is for a spending package that will run upwards of $4 trillion over the next decade on to top of the relief plan just passed for $1.9 trillion.
On March 31 President Biden announced that he wants to propose an infrastructure program which would have a price tag of $2.25 trillion. His speech was held on the anniversary of a previous infrastructure bill that was passed by the Congress in both houses in 1987 with a price tag of $87 million. The size of today’s bill reflects the fact that the problems the United States faced in those last years of the 20th century have only metastasized as has the price for fixing them.