Oh, look. We have another trillion-dollar bill in President Joe Biden’s first year. This is, what, the fifth one in the first seven months? So gross.
Republicans are not caving. Only a few Republicans in government care about fiscal responsibility. The majority are big government and big spending politicians, just like their counterparts.
The bill is 2,702 pages.
From Reuters:
Senators said the 2,702-page bill included $550 billion in new spending over five years for items such as roads, rail, electric vehicle charging stations and replacing lead water pipes on top of $450 billion in previously approved funds.”I believe we can quickly process relevant amendments and pass this bill in days,” Senate Majority Leader Chuck Schumer, a New York Democrat, said of the legislation after it was announced by a bipartisan group of senators.”This is a really important bill because it takes our big, aging and outdated infrastructure in this country and modernizes it. That’s good for everybody,” said Senator Rob Portman, the lead Republican negotiator.
The government will look inside itself to pay the bill. One way is “selling off billions of dollars worth of oil from the Strategic Petroleum Reserve starting in 2028.” They will also use leftover COVID relief money, extend budget cuts, and delay implementing a Medicare drug rebate rule.
Senate Finance Chairman Ron Wyden ranted about people not paying taxes on cryptocurrency. A bipartisan group said extending “some tax reporting rules to cryptocurrency brokers” would give the government tens of billions of dollars.
The Senate might pass the bill this week.
The bill would head to the House of Representatives, where Democratic leadership will pair it with the “human-infrastructure” bill that costs $3.5 trillion.
“Human-infrastructure” is code for Progressive Far-Left Pet Projects.
Trillion. Will we ever see a bill under a trillion again? I doubt it.
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