The United States risks lose its economic advantage in the world if large-scale investments will not be carried out, including in its own infrastructure. This was stated by US President Joe Biden, speaking in Michigan with a speech dedicated to the country’s infrastructure development plan.
“We are in a turning point. Every 40-80 years in American history we find yourself in a turning point when we need to choose, in which direction we will go,” the president is convinced.
“For a long time, America set the tempo to the whole world. For most of the 20th century, we were leading in a world with a significant advantage in terms of investments in ourselves, our people and our country,” the head of the White House said . “But then something happened. We slowed down, we stopped investing in ourselves,” he noted.
According to the president, “America is still the largest economy in the world.” “But we are like a country risk of losing your advantage,” – warned Biden.