Biden’s Infrastructure Bills Leave a Legacy of Big Spending and Little Payoff
When President Joe Biden vacates the White House later this month, talk will turn to his legacy: What did he accomplish in office? Which among his achievements will outlast him? Even though Biden came into office with ambitious promises, his scorecard looks unimpressive.
The 2021 Infrastructure Investment and Jobs Act apportioned more than $1 trillion to a wide variety of projects deemed “infrastructure,” including $550 billion toward “‘new’ investments and programs.” Among its line items, the law included $7.5 billion to build electric vehicle (E.V.) chargers across the country.
The rollout was uninspiring. Under the National Electric Vehicle Infrastructure (NEVI) program, which controls $5 billion of the $7.5 billion total, only 183 chargers have come online at 44 stations across the country, more than three years after Biden signed the bill into law. (Under federal rules, each station funded by the law is required to have at least four charging ports.)
In fairness, not all of the cash has been spent: The NEVI has only allocated $2.4 billion and awarded $520 million, as of press time.
Still, it’s a dispiriting result from an administration that came into office with big promises to “build a national network of 500,000 charging stations.”
Similarly, the 2021 infrastructure law included the Broadband Equity, Access, and Deployment (BEAD) program, with $42 billion to expand broadband internet access across the country. In his speech at the 2024 Democratic National Convention, Biden equated it with the New Deal, calling the broadband expansion “not unlike what Roosevelt did with electricity.”
But three years after its creation, the program has disbursed no money and supplied broadband to zero households. “Thanks to a federal affordability requirement that telecommunications companies say is too tight, many states have sparred with Washington over their funding applications, delaying the rollout,” Politico wrote in September.
“States face a common issue – navigating the complex BEAD process,” Misty Giles, the director of Montana’s Department of Administration, testified before the House Subcommittee on Energy & Technology in September 2024. Giles called the approval process “akin to building a plane while flying it without having the necessary instructions to be successful.” She also said the government “has provided either no guidance, guidance given too late, or guidance changing midstream, all with a lack of a
Article from Reason.com
The Reason Magazine website is a go-to destination for libertarians seeking cogent analysis, investigative reporting, and thought-provoking commentary. Championing the principles of individual freedom, limited government, and free markets, the site offers a diverse range of articles, videos, and podcasts that challenge conventional wisdom and advocate for libertarian solutions. Whether you’re interested in politics, culture, or technology, Reason provides a unique lens that prioritizes liberty and rational discourse. It’s an essential resource for those who value critical thinking and nuanced debate in the pursuit of a freer society.