rightwinger
Award Winning USMB Paid Messageboard Poster
- Aug 4, 2009
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President Joe Biden signed a $1.2 trillion infrastructure bill into law Monday, finalizing a key part of his economic agenda.
It will deliver $550 billion of new federal investments in America's infrastructure over five years, touching everything from bridges and roads to the nation's broadband, water and energy systems.
$1,200,000,000 - $550,000,000 = $650,000,000 in spending that does not involve the maintenance/repair of roads, bridges, dams, and the electric grid.
https://www.washingtonpost.com/business/2021/08/10/senate-infrastructure-bill-what-is-in-it/
Lawmakers often like to refer to the law as a $1.2 trillion package because they are also counting funding that is normally allotted each year for highways and other projects.
So, there is $550 billion in new funding, the remainder of the $1.2 trillion is existing funding that is normally budgeted