The astounding figure represents a third of the total amount all seven countries at the summit pledged to invest, highlighting the often disproportionate funding that comes from the United States towards global initiatives.
President Joe Biden relaunched his rebranded global infrastructure initiative meant to counter China’s influence. He said the funding would help the world prepare for the future by investing in sustainable projects, according to The Hill.
“We’re offering better options for countries and/or people around the world to invest in critical infrastructure that improves … their lives, all of our lives, and delivers real gains for all of our people,” he said from the summit in Germany.
Biden said the G7 countries would collectively contribute $600 billion for the initiative by 2027.
The plan is a rebranding of his “Build Back Better World” initiative which he unveiled at least year’s summit. It was renamed the Partnership for Global Infrastructure and Advancement to avoid connotation with Biden’s stalled Build Back Better domestic agenda.
Touting some of the projects already being funded by the initiative, Biden cited a new plant that was built in Senegal to produce vaccines for COVID-19 and other diseases.
While China was not explicitly mentioned during the initiative’s announcement, it is seen as a direct response and counter to China’s Belt and Road Initiative, which was launched nearly a decade ago and invests in infrastructure development in dozens of countries.
Wow giving away military hardware worth billions to the Taliban who killed Americans left behind? Billions to Iran Tehran now has the nuclear bomb. They can build as many as they want? Obama using this country
s allocated infrastructure money on illegals? Same thing with Medi-Care money? We have a 17 % cost of living expense? {Prices of goods double and the package is downsized? Over 32 billion a year for the welfare of illegals already in our country? For the first time, I am paying 25 % in taxes for everything I do. Im tired of feeding the deadbeats here. Biden is giving away the money around the world that’s needed here? He shut down our oil while the only thing he is missing is a cotton dress and a towel hat. His dialect? No one can understand him anyway. If you jerks are going to take anything down here? You better take it all down. Everything here is past tense and the truth. Everything that’s been going on is all coordinated. Just like Biden`s hand-written speeches.Get rid of this POS immediately.
Braindead Biden the pudding eating putz does it again!
Imbecile
DemonRats want to make Americans poor. That goal of theirs is always at the top of their agenda. Much easier to control poor people than rich people. More taxes are coming, prepare your wallet.
Are all the European countries footing the bill too. Or only this shmoo Joe from what was the greatest Country in the world till his handlers took over. All I can say is Let’s Go Brandon. Hurry back President Trump and get rid of all the damn fool democrats wanting and are actually destroying Our GreatAnerica
Yup Joey take the whole world down the tubes just like you did to your country. Hopefully everyone else is smart enough not to go along with your bullshit!
Biden needs to stop this isn’t his personal piggy bank. Let’s go Brandon. This f-ing guy needs to be stopped
SOMEBODY PLEASE TAKE OUR CHECK BOOK AWAY FROM THIS INEPT MAN, HIS DERELICTION TO DUTY IS APPALING, WHY DO THEY, HIS HANDLERS LET HIM OUT OF THE COUNTRY?
Another stupid decision by Biden. Why in hell are we supporting GLOBAL Infrastructure when our own country’s infrastructure is being neglected by the “progressives”.
My question exactly, our infrastructure needs help in every State, and he gives 200 Billion To Whom, it will disappear before he leaves the country!
Sure, Biden is spending millions and trillions on whatever he wants. It isn’t HIS money it’s OURS. So why would he care?
Noooooooooooooooo! Stop. He gives away billions like pouring water from the faucet. If the billionaires in the country care to contribute from their own bank accounts, fine. Leave taxpayer money out of it.
Is Biden proposing this expenditure out of our Federal budget surplus. Oops, there isn’t one, is there?
Biden.
Take a dog turd n wrap it in some over cooked bacon. There you go.