Biden defended the expansionist fiscal agenda to ‘lead the 21st century’ for the country

Biden defended the expansionist fiscal agenda to 'lead the 21st century' for the country

The United States economy should be “No. 1” and lead the world into the 21st century, US President Joe Biden said in a speech in Cleveland, Ohio on Thursday that the country “arrived late” in the controversy, highlighting The leap made by China during this period. The US ranks only 9th in spending on research and development of new technologies, and the 13th-best infrastructure in the world, he said, defending his $ 1.7 trillion investment plan.

The day before he presented his budget proposal for fiscal year 2022, Biden defined his government’s spending plan as “the investment needed right now to succeed in the future”. Advocating his broad economic agenda, the president reiterated that “Wall Street did not build the United States”, but the middle class under the support of unions.

“I believe it is time to rebuild our economy from bottom to top, middle to outside. We need to reinvest in the American population, ”said Biden, adding that his infrastructure package will bring more people back to work. He further advocated that the US Congress increase the minimum wage from the current $ 7.50 to $ 15 per hour. “No one should work 40 hours a week and live in poverty,” he said.

In his speech, Biden took the opportunity to highlight the progress made during his tenure in the vaccination program against Kovid-19 and financial support for families, which is why the economy has improved, he said.

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About the author: Sarah Gracie

Sarahis a reporter covering Amazon. She previously covered tech and transportation, and she broke stories on Uber's finances, self-driving car program, and cultural crisis. Before that, she covered cybersecurity in finance. Sarah's work has appeared in The Wall Street Journal, Bloomberg, Politico, and the Houston Chronicle.

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