Let me put the new and relevant information at the top, to avoid having to scroll down to the bottom of a long post>
THANK GOD that Senator Joe Manchin (D-WVa) and Kyrsten Sinema of Arizona opposed the HUGE and expensive $3.5 Trillion BBB bill. The U.S. Inflation rate, already TOO high NOW, would be SO MUCH worse if this $3.5 Trillion bill had passed. Look at the discussion of the M2 Money Supply, as HitRed referenced (linked below).
The cost of FOOD and gasoline are increasing too fast NOW. If this bill, desired by STOOOPID Liberal Democrats (most of whom have no real sense of Business and Economics) had passed, the inflation rate would be SO MUCH worse. You can read details at the link below in this same Forum:
https://www.conquerclub.com/forum/viewtopic.php?f=8&t=236960&start=125Thank Goodness that this BILL DIED. Learn some BASIC economics, Liberal Democrats.
Build Back Better Dies … Again
In a final admission of defeat, the administration is rebranding its ‘Build Back Better World’ foreign-policy initiative, removing references to its failed domestic agenda.
BY AUSTIN AHLMAN APRIL 28, 2022
https://prospect.org/politics/build-back-better-dies-again/jusplay4fun wrote:Getting there; #1 of 4 major bills to pass.
#2 & 3 deal with the actual infrastructure and (3) the $3.5 TRILLION social "infrastructure" or welfare bill
#4 is raising the ceiling on the Federal debt, likely needed to be done before or by Oct. 18.
btw: the $3.5 TRILLION bill, that I already referenced to the White House website and information, includes lots of money for Climate Control and Child Care.
Sen. Manchin correctly raised the need for fiscal responsibility, citing the need to fix (i.e., adequately funding) Medicare and Social Security. He basically said that $3.5 TRILLION is TOO expensive and is willing to consider about $1.5 TRILLION for some of these matters. The Liberal Democrats in the House (mostly) want it ALL, the smaller 1.2 Trillion actual infrastructure and the MASSIVE $3.5 TRILLION bill too and many moderate House Democrats say that this is TOO EXPENSIVE.'We are not there yet': Vote on infrastructure bill delayed as Biden budget negotiations drag
Bart Jansen, Savannah Behrmann, Rick Rouan, Joey Garrison
USA TODAY
WASHINGTON – The House delayed a vote Thursday on a $1.2 trillion bipartisan infrastructure bill as negotiations continue on separate legislation with President Joe Biden's social welfare priorities.
They said the officials and aides are working on language that could bring Sens. Joe Manchin of West Virginia and Kyrsten Sinema of Arizona on board.
The negotiations capped a busy day in the nation's capital. Congress passed a separate piece of legislation Thursday to avert a government shutdown hours before a midnight deadline. The chambers approved the measure that funds the government through Dec. 3, sending the bill to Biden for his signature.
“But we are not there yet, and so, we will need some additional time to finish the work, starting tomorrow morning first thing.”
Late into the night, White House officials negotiated with moderate Sens. Joe Manchin, D-W.Va., and Kyrsten Sinema, D-Ariz., who have opposed the price tag of Biden’s $3.5 trillion budget reconciliation plan. Without its passage, progressive House Democrats vowed to vote down the infrastructure bill.
https://www.usatoday.com/story/news/politics/2021/09/30/congress-government-funding-averting-shutdown-infrastructure/5927545001/The bipartisan infrastructure vote has been delayed. Here's a recap of how today's negotiations unfolded.
From CNN's Alex Rogers, Melanie Zanona and Daniella Diaz
House Speaker Nancy Pelosi ruled against putting a $1 trillion infrastructure bill on the floor Thursday night, according to a leadership aide, after progressives rebelled, potentially delaying consideration until Democrats strike an agreement on a separate, much larger social safety net and climate legislation.
Pelosi's decision came after hours of intense negotiations, including a call with President Biden and a crush of meetings and calls with members of the House Democratic caucus.
The progressives' stance today: Liberal Democrats were confident this week that they had the numbers to block the bill, which would spend hundreds of billions of dollars upgrading roads, bridges, transit, rail, broadband, airports, ports and waterways.
They hope their hardball tactics would push moderates to support their top priority: a $3.5 trillion bill known as the Build Back Better Act. That legislation would expand the child tax credit and Medicare's ability to cover vision, hearing and dental care, fund community college and universal pre-kindergarten initiatives, combat climate change, and fund elder care and paid leave programs. The $3.5 trillion bill would be paid for, at least in part, by tax increases primarily on corporations and the wealthy.
Vermont Sen. Bernie Sanders told CNN that the infrastructure deal should be "defeated" and railed against Pelosi's late-night deal-making effort.
https://www.cnn.com/politics/live-news/government-shutdown-congress-infrastructure-vote-09-30-21/index.html