And immediately following the call, Biden used it to make a pitch to Congress for his $700 billion plan to invest in infrastructure, manufacturing, electric vehicles, artificial intelligence and other sectors
compared to:
Nearly all of China’s 31 provinces, municipalities and autonomous regions have announced key infrastructure investment plans for the next 5-7 years, covering 24,515 projects at RMB43 trillion (~$6.7T), of which around 25% will be spent on transportation projects. https://www.financeasia.com/article/infrastructure-investment-will-play-a-key-role-in-chinas-economic-recovery/465372
Meanwhile the Pentagon's budget is over 700 billion a year (China's is around 200 billion). You could cut the Pentagon budget in half for 10 years, do a 3.5 trillion dollar plan, and still spend 150 billion more a year on military than China does. And that's only federal budget, you could probably carve out another couple trillion from state and municipalities. All of this too could be done without even changing tax revenue. Tax the wealthy and you could easily 2x it.
compared to:
$6.7T vs $700B :hahaha:
Meanwhile the Pentagon's budget is over 700 billion a year (China's is around 200 billion). You could cut the Pentagon budget in half for 10 years, do a 3.5 trillion dollar plan, and still spend 150 billion more a year on military than China does. And that's only federal budget, you could probably carve out another couple trillion from state and municipalities. All of this too could be done without even changing tax revenue. Tax the wealthy and you could easily 2x it.
Yeah but then how will my friend who is the largest shareholder in a company which contracts to the military buy his forth yacht and eighth house?
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so much winning