The Economic Boon We Probably Missed
Did you miss it? We just received a huge boost to our economy and our future. Maybe its name is the problem — “infrastructure” must be one of the most boring words in the English language. But its benefits are hardly a snore fest — they should make anyone interested in our future perk up and take a listen.
This new bill positions America to again become the world’s leading economy by fixing our broken supply chain, updating our transportation systems, and funding leadership in green energy. Sometimes both opportunities are woven together, turning the disaster of climate change into economic opportunity.
The Infrastructure Investment and Jobs Act has provisions for disaster protection, pollution clean-up, protection of dinking water, fixing the electric grid, and upgrading public transportation. It creates new jobs and opportunities for entrepreneurs and businesses.
Why is this so important? Well, we all need the assurance of clean water, land and air to thrive. When disaster strikes, the challenge of rebuilding is expensive and arduous. And our system of electricity, road and transportation is the backbone of the economy.
Old-fashioned systems keep people in rural areas isolated from many of the benefits of digitization, including doing business remotely, benefiting from distance learning, and getting health care through telehealth. When the grid breaks down, power outages occur, in the heat of summer and the freezing temperatures of winter. Power lines give off sparks that can start deadly fires. Bridges can fail, roads fall into disrepair, supply chain bottlenecks hobble businesses and keep Americans from getting the goods and services they need. To stay competitive and safe, we desperately need all these upgrades.
The bill is a result of work of the Biden administration and congressional Democrats, and the thirteen Republicans who value the future of this country and the well-being of its citizens enough to vote for this bill. Thanks, ladies and gentlemen!