The US used to fear federal spending, but Biden knows the mood has changed - short news
To European eyes, the $2tn infrastructure plan may not be exceptional, but for America it seems revolutionary
From a European perspective, Joe Biden’s plans for a $2 trillion boost to spending on infrastructure is not a radical statement of intent. The money will be spread over eight years and raise the federal budget on capital projects by about 1 percentage point a year.
And the US is starting from a very low base. Congress levies federal taxes that amounted to a little more..
source: The Guardian - 04.04.2021