US$700 billion could build a lot of infrastructure, housing, or manufacturing capacity.
I am now 100% convinced, that the US has power to build those things, but it will not, because it means lives of ordinary people will be elevated even more, this is not what brutal capitalism wants.
If it can make top 1% richer in 10 year span vs good for everyone in 20 years, it will go with former
Thing is, I am still waiting to see where it increases productivity aside from some extremely small niches like speech to text and summarizing some small text very fast.
If you are a software engineer you are missing out a lot, literally a lot!