Announce New $ 2 Trillion Funding Plan, Joe Biden: One Generation Investment

United States President Joe Biden (Twitter / JoeBiden)

JAKARTA - The President of the United States (US) Joe Biden on Wednesday, March 31 announced plans for the use and infrastructure of US $ 2 trillion, equivalent to Rp.28 thousand trillion, to accelerate economic recovery after the COVID-19 pandemic, reshape the world's largest economy and compete with it. China.

This is the second multimillion-dollar legislative proposal since President Biden took office two months ago. The majority of the US Congress approved the investment, but judged it needed to be split based on the total size and inclusion of programs traditionally seen as social services.

"This is a once-in-a-generation investment in the United States, unlike anything we've seen or done since we built the interstate highway system, and the space race decades ago," in launching the program in Pittsburgh.

With this large amount of funds, the Joe Biden Government is targeting a number of sectors, including clean water, electricity, transportation infrastructure to digital facilities.

Coupled with stimulus rolled out of $ 1.9 trillion earlier this month, President Biden's infrastructure initiatives will give the federal government a bigger role in the US economy than it has in generations, accounting for 20 percent or more of annual output.

Biden's team believes government-directed efforts to strengthen the economy are the best way to provide support to an economy hit by the coronavirus pandemic. At the same time competing in line with the increasing competition and national security threats posed by China.

you are the corona virus pandemic, while at the same time competing with the increasing competition and threats to national security posed by China.

Meanwhile, US Senate Majority Leader from the Democratic Party Chuck Schumer said, this big stimulus aims to create jobs, as well as promote clean energy and transportation.

"I look forward to working with President Biden by endorsing a grand plan to bring the United States forward in the next few decades," he said.