Biden pledges huge foreign spending on Green Goals at G20 summit
“This is a really big deal” ~Joe Biden
NEW YORK POST
President Biden on Saturday pledged a massive infusion of US taxpayer dollars in Asian and African railroads and green infrastructure in a bid to counter China’s Belt and Road Initiative, Beijing’s multi-billion-dollar influence effort.
“This is a big deal,” Biden said at the G20 summit in New Delhi, India. “This is a really big deal.”
The White House promised more than $1 billion of US funding — with much more to come — during Biden’s meetings with the leaders of India, the European Union, Saudi Arabia and others representing the world’s largest economies.
At the top of Biden’s agenda was a plan to create a new rail and shipping corridor that would connect India to Europe through the Middle East through the United Arab Emirates, Jordan and Israel.
The White House provided no details on funding or timelines for the massive project, which will incorporate data and electrical cables alongside the rails, G20 leaders said.
Indian Prime Minister Narendra Modi greeted Biden as he arrived for G20 meetings in New Delhi. POOL/AFP via Getty Images
But Saudi Arabia’s Crown Prince Mohammed bin Salman floated a figure of $20 billion during the announcement — without specifying who would be expected to pay.
A separate “Trans-African Corridor” rail project, also announced by the group and spearheaded by the US and EU, would link the port of Lobito, Angola with rare-earth and copper mines in the Democratic Republic of Congo and Zambia — crucial materials for electric cars and other technologies needed to wean the world off fossil fuels.
Biden touted the potential African rail system as a “game changing regional investment.”
“Both of these are huge, huge steps forward,” the Amtrak-loving president enthused.
Biden joked with Prime Minister Rishi Sunak of the United Kingdom during the two-day summit. Getty Images
Meanwhile in a separate statement, the Biden administration promised more than $1.1 billion worth of US funding for projects in India and Mozambique aimed at boosting Democrats’ ecological agenda.
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Header featured image (edited) credit: Biden/POOL/AFP via Getty Images
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If this is “a really big deal”, how much money would be dealt to the Biden family? If it’s truly “an investment” what is the expected return to US?
Where exactly does this dimwitted jackass get this open checkbook to have a free for all with the American nation’s money?
I seem to remember a constitutional provision where appropriations must go through congress, for each and every item, on an individual basis, not to tell the his fraudulency to “go ahead, give away as much as you want”, to anybody and everybody except the American People of course.