Typical Democratic weak-sauce...start with a moderately high number, then cave to GOP pressure to then consider an figure 1/4 of Biden's original proposal.President Joe Biden celebrated his tentative deal with a group of Democratic and Republican senators on a $579 billion infrastructure plan, saying it would create millions of jobs while fulfilling a major piece of his economic agenda.
Yes, something is better than nothing...but letting Republicans (and conservative Democrats) dictate the terms of a major bill when Democrats have the WH, the Senate, and the House...pathetic.
Here's the original proposal:
https://www.cnn.com/2021/03/31/polit...ner/index.html
Now compare that to the current proposal...Yes, you can't always get what you want, to quote from a famous Rolling Stones song, but will America get what it needs? That remains to be seen.
Financing even this watered-down version will be interesting:
That's pretty vague, IMHO, and counting on "greater economic growth" is especially risky when that future growth is pretty unpredictable. And what are these unspecified "public-private partnerships", and sales from the SPR means what?The cost of the expenditures would be offset by a variety of revenue-raising provisions, including stronger enforcement of tax collections from the wealthy, sales from the Strategic Petroleum Reserve, unspecified “public-private partnerships” and assumptions that the infrastructure investments would lead to greater economic growth.
I find this comment by Indiana GOP Senator Mike Braun interesting:
Funny how GOP Congressmen & women have no trouble voting for a tax cut that benefitted mostly the rich (and themselves), and might likely raise the national debt by almost 2 trillion dollars over an 11 year span:“The main question among the rest of us Republicans would be is how big is the secondary package going to be and how you’re going to pay for that,”
https://publicintegrity.org/inequali...ofit-congress/
If the voting record in Congress plays out the way it has since Biden got elected, I don't see how even this meager attempt passes the Senate, especially since Dr. No has gone on record as opposing anything the Biden Administration tries to do...![]()
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