by Disillusioned JW 23 Replies latest social current
Its core intent is to rebuild the country's infrastructure which has declined over the years and create jobs in the process.
The con or negative is that the country right now is in severe debt, if ever there was a time for the country's economy to improve is now, perhaps that virus problem is just about over things can kick back in.
A couple of years from now we will see how well this program succeeds.
It will no doubt be noted and evaluated in the next election.
Its core intent is to rebuild the country's infrastructure which has declined over the years and create jobs in the process.
It's being called an "infrastructure" bill, but in reality infrastructure (roads, bridges, airports, etc) are less than 10% of the spending. It includes things like raising taxes on businesses and the middle class; it includes paying for free child care and elder care; it includes requiring banks to report ANY monetary transaction over $600. (Currently this is set for $10,000 CASH transactions.)
It is said in reality it will cost taxpayers over $10 TRILLION, which will likely jump-start the high inflation we are already seeing. Most here are likely too old to recall the Jimmy Carter years in the White House. Inflation was over 14%. Mortgage interest was as high as 18%. This Biden Boondoggle will bring the same kind of results.
This Biden Boondoggle will bring the same kind of results.
Will it come to that remains to be seen.
If it does get that bad Washington/Biden will know about it pretty quickly.
I'm starting to hate Commiefornia!
I only curse Biden, when I go to the gas station , super market , and watch the news
Biden is not running shit. He is obviously mentally ill from dementia. He can not even read a teleapromter. The spending bill I doubt will pass. In 6 months we will start election season. The mid terms are now seen will be a slaughter for the left. Things can change but thank Manchin and Sinema for not running with the far left idiots. 3 to 5 trilling like its nothing. At some point the Gov will not take in enough to service the interest on the debt. If this cripples the dollar then we could lose the US dollar as the reserve currency. Every barrel of oil bought and sold is bought and sold on the US dollar. We loose that to the euro or some other currency and its game over.
Several months ago a major portion of the proposed Build Back Better Act was passed by both chambers of the USA congress in the form the Infrastructure bill. it was signed into law by my lawfully elected USA President Biden.
This week a large portion of the climate change provisions and a large portion of the health care provisions of the proposed Build Back Better Act were passed by the USA Senate in the form of the Inflation Reduction Act. Manchin played a major role in negotiating for that bill. Senator Ron Wyden of the great politically progressive state of Oregon saved the bill by adding an amendment which raises money in new taxes to offset Senator Sinema request that a particular tax loophole not be closed. Sinema then fully supported the bill and voted for it. The Inflation Reduction Act even has provisions to make a substantial cut in the USA federal budget deficit. Awesome!
Yesterday (last Friday) the USA House passed the Inflation Reduction Act and soon the legislation will go to President Biden for him to sign it into law - see https://www.usatoday.com/story/news/politics/2022/08/12/house-passes-inflation-reduction-act/10287418002/ for more information. This is incredibly great news! I am so thrilled! During recent months other legislation promoted by Biden has been passed and signed into law by Biden (such as the bipartisan legislation pertaining to gun safety and the bipartisan "CHIPS and Science Act"). Biden is thus now winning on major portions of his progressive agenda (which is also Bernie Sanders' agenda - agenda that I voted for Biden for President in the general election of 2020 (and when I voted for Bernie for President in the Democratic Party's primary in 2020). Hurray! Hurray! Hurray!
Biden is now showing that he can get both chambers of the USA congress to get important legislation passed - something which in 2020 he said he would do if were to get elected as President! He is fulfilling his campaign promises. Biden is now on a roll of win after win after win after win! My side, the progressive side, is now wining - big time! It will Make the United States of America Even Greater! I favor what I am now calling the "Make America Even Greater" movement!
Furthermore, there are now polls which indicate that the Democratic party might even gain one to three seats in the USA Senate and also retain their control in the USA House of Representatives (hopefully without loosing any seats) in the midterm elections of 2022. Those matters are also very encouraging to me.
I'm starting to hate Commiefornia!
May I ask what state you reside in? Because if you're in a red (republican) state, there's a high chance that a significant portion of your state budget is funded by those 'socialist' blue states you so despise. I'd be happy to have you go it alone. Thrilled even.
The GDP of "commiefornia" would be 5th in the world as a sovereign nation, just behind Germany and just ahead of the UK. Mississippi would be somewhere around Cuba.
Pay us back before you leave, though.
I am just about to replace my aging hit water heater with a much more efficient one. I’m hoping to get a tax rebate to help cover the additional cost, thanks to the new law.
I think it is part of a global agenda for the "elite" to take over the world and make slaves of the average person. "you will have nothing and you will be happy"
