Rebuilding of Francis Scott Key Bridge in Baltimore

SOURCE www.breitbart.com
President Joe Biden announced that the government will pay for the entire cost of rebuilding the Francis Scott Key Bridge in Baltimore, Maryland, after a cargo ship hit the bridge. The bridge's collapse poses risks to the U.S. economy, including potential inflation and supply chain disruptions.

Key Points

  • Cargo ship hitting the bridge led to its collapse
  • Government to cover the entire cost of reconstruction
  • Potential risks to the U.S. economy due to the bridge's closure

Pros

  • Government taking responsibility for rebuilding critical infrastructure
  • Commitment to supporting the people of Baltimore and protecting jobs

Cons

  • Potential increase in budget deficit and exacerbation of inflation due to government funding for repairs