Biden's Infrastructure Bills Leave a Legacy of Big Spending and Little Payoff

Politics and Government Politics and Government

Thu, January 9, 2025

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Biden's Infrastructure Bills Leave a Legacy of Big Spending and Little Payoff

^{Published on 2025-01-08 22:00:56 - MSN}

When President Joe Biden vacates the White House later this month, talk will turn to his legacy: What did he accomplish in office? Which among his achievements will outlast him? Even though Biden came into office with ambitious promises,

The article from MSN discusses the critique of President Joe Biden's infrastructure initiatives, particularly focusing on the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA). Despite Biden's portrayal of these bills as transformative, critics argue that they represent excessive spending with limited tangible benefits. The IIJA, which promised to overhaul America's infrastructure, has been slow in implementation, with only a small fraction of the allocated funds being spent. Similarly, the IRA, aimed at combating climate change and reducing inflation, has been criticized for its focus on subsidies and tax credits that might not effectively address the core issues. The article highlights concerns over the actual impact of these bills, suggesting that while they have increased federal spending, the payoff in terms of infrastructure improvements and economic benefits has been underwhelming. Critics also point out the potential for these bills to contribute to inflation and increase the national debt without significantly advancing the nation's infrastructure or economic health.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/news/politics/biden-s-infrastructure-bills-leave-a-legacy-of-big-spending-and-little-payoff/ar-AA1xcs9r ]

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Biden's Infrastructure Bills Leave a Legacy of Big Spending and Little Payoff