- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
Memorandum of Understanding on the Principles of an India-Middle East-Europe Economic Corridor: https://www.whitehouse.gov/briefing-room/statements-releases/2023/09/09/memorandum-of-understanding-on-the-principles-of-an-india-middle-east-europe-economic-corridor/
Even if Biden made a good faith attempt at a BRI like initiative to develop other countries infrastructure, no sovereign nation in their right mind would take it. Americans cannot plan that far in advance to build their own infrastructure. 2 years after USBRI gets passed into law, the budget for it would get cut in negotiations with the new Congress. 2 years later it would get more budget cuts or get scrapped completely by a new president. Our system does not have the capability to do any sort of long term projects with any efficiency.