This week has been a very expensive week for the United States, beginning with the destruction in Texas, and ending with President Joe Biden pledging $4 billion of your tax dollars to aid other vaccination programmes around the world.
As well as this, President Biden’s long-awaited order of re-joining the Paris Climate Agreement has now come into effect, bringing the United States back into a treaty without the consent of Congress.
What did President Biden announce?
As one of his first attempts to repair this so-called damage, President Biden pledged at a virtual G7 on Friday, that the United States will pull up $4 billion into a programme to aid the vaccination efforts of those currently struggling around the world.
A noble policy nonetheless, but one that causes complications at home, with an American economy that is already on its knees as a result of statewide, endless lockdowns.
The $4 billion worth of aid will be distributed in separate parts, with the first $2 billion being funnelled through the World Health Organisation’s Covid-19 Vaccines Global Access initiative or COVAX for short.
Since the United States has re-joined the WHO, they are now able to assist with their vaccination schemes worldwide.
The initiative is designated to target aid for 92 countries whose economies fall in the low to the middle-income bracket.
The final $2 billion will be distributed where fit, in 4 instalments of $500,000,000 to prop up aid in the vaccination schemes of these low to middle-income nations.
What about the PCA?
One of the very first executive orders President Biden signed into law was to reverse President Trump’s decision to leave the Paris Climate Agreement, something which many opponents of the decision argue that he needs to the approval of Congress, as many count this agreement as an international treaty.
For the United States to enter a treaty, the proposal needs to win a 2/3rds majority in the Senate, something that Biden would be very unlikely to achieve, given senior Republican opposition to the agreement.
However, by re-joining the PCA, the administration will now need to set out their climate targets, as well adhering to the reduction of their own emissions, something which the President has started working on, by cutting 11,000 jobs after he announced the Keystone XL Pipeline would be scrapped.
In a time of economic uncertainty, thanks to the pandemic, re-joining an initiative that could have a negative impact on the economy may not be the best plan.