Biden says US future depends on his investment package

Hello and welcome to the details of Biden says US future depends on his investment package and now with the details

US President Joe Biden delivers remarks on infrastructure investments at the International Union of Operating Engineers Local 324 training facility in Howell, Michigan October 5, 2021. — Reuters pic
Nevin Al Sukari - Sana'a - US President Joe Biden delivers remarks on infrastructure investments at the International Union of Operating Engineers Local 324 training facility in Howell, Michigan October 5, 2021. — Reuters pic

HOWELL, Oct 6 — President Joe Biden delivered a stark warning of American decline Tuesday in a speech urging Congress to vote through his ambitious infrastructure and social spending packages or lose out to the likes of China.

“These bills are not about left versus right or moderate versus progressive, or anything that pits Americans against one another,” he said at a trade union training center in Howell, Michigan.

“These bills are about competitiveness versus complacency. They’re about opportunity versus decay,” he said. “To oppose these investments is to be complicit in America’s decline.”

Facing a rift in his own party — which controls Congress with the narrowest of majorities — and a Republican opposition aggressively blocking where it can, Biden hopes that appealing to Americans outside of Washington will give his agenda new life.

He began his speech to the blue collar audience, gathering in a swing district won by Donald during the 2020 presidential election, by saying there was “a lot of noise in Washington.”

He then made his case for the US$1.2 trillion (RM5 trillion) infrastructure spending bill and a social support bill worth possibly around US$2 trillion, saying that the government investment had underpinned private sector dynamism throughout US history and was now needed again.

“We led the world in research and development but then something happened. We slowed up,” Biden said. “We risk losing our edge as a nation.”

He cited statistics that show US education and infrastructure have slipped far down the rankings in comparison to other advanced countries.

“Our competitors aren’t waiting,” he said. “In recent years, China has spent about three times as much on infrastructure as a share of their economy that we have.”

Polls show that the proposals are popular.

A new survey out Tuesday by Quinnipiac found 62 to 34 per cent in favour of the infrastructure bill and 57 to 40 per cent in favour of a social spending bill.

Tight margins

Citing that broad popularity, Biden says the solution should be clear.

However, with such a tight majority in Congress and such an implacable opposition, the path forward is tortuous and may yet end in failure. Just one Democrat breaking with him in the Senate or a handful in the House is enough to wreck his agenda.

Democrats are divided essentially between moderates and progressives on the size and speed of the spending proposals, with Biden trying to bridge the gap. The social support bill is already being whittled down from the progressives’ previous demand for a US$3.5 trillion price tag.

In Michigan he met with local congressional Representative Elissa Slotkin, one of the moderate Democrats.

Before leaving Washington, Biden held a virtual meeting with a group of other moderates. On Monday he did the same with a group representing the more leftist wing of the party.

The White House said that Monday’s meeting was “constructive” and that they “discussed their shared commitment to seizing this moment to make investing in families the heart of our economic growth and competitiveness strategy.”

But time is running out to pass big legislation before the focus turns to next year’s midterm congressional elections, where most analysts expect to see Republicans regain control of at least one house of Congress.

The internal party wrangling comes at the same time as a row with congressional Republicans over lifting the permitted national debt limit, risking the first-ever US default. — AFP

These were the details of the news Biden says US future depends on his investment package for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Malay Mail and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Canada’s Speaker Rota resigns after Nazi in parliament row
NEXT Philippines condemns China for installing floating barrier in disputed South China Sea

Author Information

I am Joshua Kelly and I focus on breaking news stories and ensuring we (“Al-KhaleejToday.NET”) offer timely reporting on some of the most recent stories released through market wires about “Services” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Al-KhaleejToday.NET specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 838 Emily Drive Hampton, SC 29924, USA Phone: (+1) 803-887-5567 Email: [email protected]