President Joe Biden announced a bipartisan infrastructure plan worth almost $1 trillion came to fruition. Biden and the Democrat and Republican senators with him appeared happy and content. I saw a tweet celebrating the view of those senators laughing and smiling together.
Aw, how sweet. Aw, how gross.
I do not just mean the view of those people getting along. They’re not supposed to get along. I like gridlock.
I described the value as gross: $1.2 trillion. Will we ever see a bill under a trillion again? I doubt it.
But will the bill pass? Biden made the announcement. He appeared as joyful as everyone else. Yet, he said he would not sign the bill unless Congress also passes a reconciliation bill.
The reconciliation bill includes the “human infrastructure” the progressives and far-left want so bad.
So what did this group of swamp people agree on? From the White House fact sheet:
The bill costs $973 billion over five years. However, the bill is valued at $1.2 trillion if it continued over eight years:
*New spending + baseline (over 5 years) = $973B*New spending + baseline (over 8 years) = $1,209B
It’s cute how the WH used a B in the second line. I had to do a double-take! The writer should have us a T for trillion.
The White House fact sheet only offered vague payment sources for this trillion-dollar monstrosity. Does it shock anyone that “Reduce the IRS tax gap” appears at the top? I didn’t think so.
The list includes a partnership between the public and private sector, using existing federal funds, and having states and local governments invest in broadband infrastructure.
Biden has his photo of bipartisanship in the media, but a colossal point remains mostly buried.
All of it is null and void unless Congress passes a reconciliation bill filled with the “human infrastructure” in Biden’s original wishlist:
Absent from the bipartisan deal are broad swaths of Mr. Biden’s original $2.3 trillion infrastructure package, which included hundreds of billions in funding for home care, housing, and workforce development, and his $1.8 trillion plan on childcare and education. It also doesn’t include the White House’s plan to raise taxes on corporations and high-income Americans to finance the cost of the spending.
Biden told reporters today:
“I expect that in the coming months this summer, before the fiscal year is over, that we will have voted on this bill, the infrastructure bill, as well as voted on the budget resolution. But if only one comes to me, this is the only one that comes to me, I’m not signing it. It’s in tandem,” Biden told reporters at the White House.—“I expect that in the coming months this summer, before the fiscal year is over, that we will have voted on this bill, the infrastructure bill, as well as voted on the budget resolution. But if only one comes to me, this is the only one that comes to me, I’m not signing it. It’s in tandem,” Biden told reporters at the White House.
In other words, the infrastructure bill will likely not happen. Democrat moderate Sens. Joe Manchin and Kyrsten Sinema said they would work with their colleagues on a reconciliation bill, but I doubt they will agree to it.
Eleven Republicans support bipartisan efforts, but that will likely go to zero with the reconciliation bill. It might even lower once they all review the infrastructure bill.
In other words, the comradeship showed off at the White House is all fake. It means nothing because the reconciliation bill will not pass.
They got their photo op.
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