{"id":8408,"date":"2022-07-20T12:45:08","date_gmt":"2022-07-20T12:45:08","guid":{"rendered":"http:\/\/lonecandle.com\/?p=8408"},"modified":"2022-07-20T12:45:08","modified_gmt":"2022-07-20T12:45:08","slug":"bidens-incredible-shrinking-infrastructure-plan","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=8408","title":{"rendered":"Biden\u2019s incredible shrinking infrastructure plan"},"content":{"rendered":"\n<p>\n\n&#8220;The inflation plaguing Joe Biden\u2019s presidency is also shrinking what\u2019s so far been his crowning legislative achievement \u2014 the infrastructure bill that Congress enacted just seven months ago.<\/p>\n\n\n\n<p>Democrats have hailed the infrastructure law, with its $550 billion in new road, rail and broadband funding, as a transformative shift for the country. But inflation \u2014&nbsp;<a href=\"https:\/\/www.politico.com\/news\/2022\/06\/10\/inflation-new-high-may-00038786\" target=\"_blank\" rel=\"noreferrer noopener\">which reached a 40-year high of 8.6 percent last month<\/a>&nbsp;\u2014 has already slashed billions from its value, forcing states to cancel or delay projects as costs balloon.&#8221;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.politico.com\/news\/2022\/06\/17\/democrats-shrinking-infrastructure-plan-00039588\">https:\/\/www.politico.com\/news\/2022\/06\/17\/democrats-shrinking-infrastructure-plan-00039588<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;The inflation plaguing Joe Biden\u2019s presidency is also shrinking what\u2019s so far been his crowning legislative achievement \u2014 the infrastructure bill that Congress enacted just seven months ago.<\/p>\n<p>Democrats have hailed the infrastructure law, with its $550 billion in new road, rail and broadband funding, as a transformative shift for the country. But inflation \u2014 which reached a 40-year high of 8.6 percent last month \u2014 has already slashed billions from its value, forcing states to cancel or delay projects as costs balloon.&#8221;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[1316,1247,780,216,226],"class_list":["post-8408","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-inflation","tag-infrastructure","tag-joe-biden","tag-protectionism","tag-trade"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/8408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8408"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/8408\/revisions"}],"predecessor-version":[{"id":8409,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/8408\/revisions\/8409"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}