PRESIDENT BIDEN SEMI RIGHT APPROACH TO FRANCIS SCOTT KEY BRIDGE COLLAPSE

PRESIDENT BIDEN’S SEMI-RIGHT APPROACH IN BALTIMORE

By: Derek Varsalona

The Baltimore Bridge Collapse is a horrible situation for the American economy.  If you think inflation is bad now, just wait a few days and see the inflation skyrocket since one of America’s busiest ports is closed due to a bridge being in the water.  This was not an act of terrorism but I can assure you that the terrorists are cheering the bridge collapse in Baltimore and getting ideas.

From all indications, this is a terrible accident that happened.  Watch for inflation to go up as a result of this.  Watching for commerce and getting goods and services out is going to be a problem soon.  As for cruising and tourism that is also affected, Baltimore will lose the tourism dollars it taxes as the bridge is in the water.

I applaud President Biden for the quick response to the crisis at hand.  He stays current with the times and realizes this is a terrible tragedy.  The federal government should be giving help in this time of need.  I call for a 25% split in funding among four ways of funding: Federal, State, County of Baltimore, and City of Baltimore should all be helping out in the process of rebuilding the bridge.  This should be a collaborative effort by all four levels of government so not one government sector is funding the entire burden of the reconstruction project.

President Biden was right to call on the Coast Guard to help out in recovery efforts. The Federal Highway Administration and the local government are helping out with this effort.  I applaud this structure by President Biden to relieve some of the burdens by the US taxpayer on the total construction of the bridge.  As always comments accepted.

Francis Scott Key Bridge Collapse

Source: President Joseph R. Biden. “ Remarks by President Biden on the Collapse of the Francis Scott Key Bridge.” The White House. Baltimore: Wednesday, March 27, 2024. 

https://www.whitehouse.gov/briefing-room/speeches-remarks/2024/03/26/remarks-by-president-biden-on-the-collapse-of-the-francis-scott-key-bridge/