Administration officials are crafting a plan for a multipart infrastructure and economic package that could cost as much as $3 trillion and fulfill key elements of President Biden’s campaign agenda, according to people involved in the discussions.
The first proposal would center on roads, bridges and other infrastructure projects and include many of the climate-change initiatives Mr. Biden outlined in the “Build Back Better” plan he released during the 2020 campaign.
3 trillion, huh? Let's be clear. If you provided the student counsel of most Junior High schools a 3 trillion dollar budget and they could stimulate the economy. They could spend it on playgrounds, vending machines, and free stuff and it would stimulate the economy.
This isn't an economic plan, this is an admission that the Biden administration has no real plan and is just looking to create stimulation by brute force. If you throw 3 trillion dollars worth of spaghetti at the wall, some of it will stick. In fact, with 3 trillion dollars worth of it, a whole lot of it would probably stick.
We just enjoyed a pre-Covid economy that was probably as good as anything we have experienced in our lifetime, or at least not very far behind any other economies. Unemployment was down for everyone. Wages were up. Inflation was under control. Gas prices were in line. Things were rolling along with common sense economic planning and policy. All without spending 3 trillion dollars to get there.
To be clear, there was approximately a trillion dollars left over from the first Covid relief package passed under Trump. We just passed an additional 1.9 trillion dollar plan, meaning the incoming administration already has nearly three trillion dollars to play around with. That is approximately 60% of the average yearly budget. Adding three trillion more would put us at about 1.5 times the amount of spending for a normal year.
More to the point, our normal discretionary spending only accounts for about 1.5 trillion. That means the Biden administration has about triple that amount and is looking to to add 3 trillion more. So instead of 1.5 trillion in discretionary spending, we would be looking at 7.5 trillion. That is approximately five years worth of discretionary spending that the Biden administration wants to see "added" to the current budget.
That is not an economic plan folks. It's highway robbery of our children's economic future all because the Biden Administration has no common sense plan to fall back on.
17 comments:
I thought all those roads and bridges were fixed with all the Obama shovel ready jobs.
Funny Lil Schittty is you have found JESUS after 4 years of trump spending and tax cuts that broke the country!!!!!! The only shovel ballz, knows is the one stuck up his stupid ass!!!!!! Of course the current needs are all Obama's fault because the GOP mind only can work on blame rather than solving !!!!!!! BWAAAAAAAAAAAAAA!!!!!
America has a deficit problem. But the country’s biggest deficit isn’t the federal budget deficit. It’s the deficit in public investment.
The public investment deficit is the gap between what we should be investing in our future — on infrastructure, education, and basic research — and the relatively little we are investing.
Increasing public investment needs to be a major goal of the Biden administration.
Public investment is similar to private investment in that we invest today because of the payoff in the future. The difference is public investment pays off for all of us, for America.
In the 1960s, we used to make a lot of public investments. But they’ve been steadily declining ever since.
That decline has been largely driven by so-called “deficit hawks” who argue against more federal spending. But as I’ve been saying for years, reducing the federal deficit just for the sake of reducing it makes no sense.
Any business person knows that you borrow money for the sake of investing in the future of your business. Those are wise borrowings. Because then you can pay those debts off when they get bigger.
A national economy works exactly the same way. It doesn’t matter that we’re borrowing money, if we’re investing those monies that we borrowed from abroad — in education, training, infrastructure, factories — but we’re not.
The public return on infrastructure investment, based on 2020 report taking into account the pandemic, averages $2.70 for every single public dollar invested — yet we haven’t made those investments. Our infrastructure today is crumbling.
The CCC saved millions of Americans from starvation and again reducing the taxes on the top .01% didn't trickle down. The percentage of the GDP skyrocketed during the former's administration.
Bloomberg reporting that Biden's vaccine plan is really the Trump plan with a new title. Oof.
Officer Brian Sicknick Died After the Capitol Riot. New Videos Show How He Was Attacked.
By Evan Hill, David Botti, Dmitriy Khavin, Drew Jordan and Malachy BrowneMarch 24, 2021
New videos obtained by The New York Times show publicly for the first time how the U.S. Capitol Police officer who died after facing off with rioters on Jan. 6 was attacked with chemical spray.
The officer, Brian D. Sicknick, who had been guarding the west side of the Capitol, collapsed later that day and died the next night. Little had been known about what happened to Officer Sicknick during the assault, and the previously unpublished videos provide new details about when, where and how he was attacked, as well as about the events leading up to the encounter.
The New York times
Two rioters, Julian Elie Khater and George Pierre Tanios, were arrested on March 14 and charged with assaulting Officer Sicknick and two other officers with chemical spray. The investigation is continuing, and federal prosecutors haven’t ruled out pursuing murder charges.
Here’s what the videos show.
Mr. Khater and Mr. Tanios arrive near the police line on the west side of the Capitol at 2:09 p.m., more than an hour into the battle between rioters and police officers, according to an F.B.I. affidavit. An independent video journalist at the scene films Mr. Khater shortly after he arrives. Mr. Khater observes the fighting as tear gas and chemical spray waft through the crowd, then turns back toward where Mr. Tanios is standing.
At 2:14 p.m., he and Mr. Tanios huddle just a few yards from the police line, according to the F.B.I. Part of their conversation is captured in a separate video.
“Give me that bear shit,” Mr. Khater tells Mr. Tanios, most likely referring to a canister of bear repellent spray that prosecutors say Mr. Tanios purchased earlier that day.
He appears to retrieve something from Mr. Tanios’s backpack. After Mr. Tanios tells him to wait, Mr. Khater responds, “They just sprayed me.” He holds a white spray canister in his right hand.
On Monday, federal prosecutors alleged in court that Mr. Khater and Mr. Tanios were carrying Frontiersman bear spray, which is manufactured by Sabre, a company that makes self-defense products including pepper spray and stun guns. Though made from the same ingredient, bear spray can be many times more powerful than pepper sprays sold for self-defense and is not meant for use on humans.
Images of the bear spray sold by Sabre appear to be similar to the canister seen in Mr. Khater’s hand at one point in the video.
By 2:20 p.m., six minutes later, Mr. Khater has returned to the police line, where Officer Sicknick and his colleagues are standing behind a row of bike rack barricades. He stands just a few feet from Officer Sicknick, who can be seen wearing a blue Capitol Police jacket, bicycle helmet and black coronavirus face mask.
For about two minutes, Mr. Khater waits in the crowd, observing the police. Then, at 2:23 p.m., rioters try to pull the bike racks away from the officers. As a lieutenant in a white uniform fires a spray into the crowd, and a rioter charges in to attack a Metropolitan Police officer, Mr. Khater raises his arm over other rioters and sprays something toward Officer Sicknick.
A thin stream of liquid is visible shooting from a canister in Mr. Khater’s hand. It is unclear in the video what Mr. Khater is firing, and prosecutors have alleged that Mr. Tanios brought two smaller canisters of pepper spray to the Capitol in addition to two cans of Frontiersman bear spray.
Officer Sicknick reacts immediately to the spray, turning and raising his hand.
In court on Monday, prosecutors played body camera footage of the incident for the first time. The grainy videos showed Mr. Khater raising his hand and discharging a chemical spray at the officers, who stumble back, cover their eyes and at times call out in pain. The Metropolitan Police Department has declined to release that footage to the public.
The officer, Brian D. Sicknick, who had been guarding the west side of the Capitol, collapsed later that day and died the next night. Little had been known about what happened to Officer Sicknick during the assault, and the previously unpublished videos provide new details about when, where and how he was attacked, as well as about the events leading up to the encounter.
Officer Sicknick collapsed later that day after returning to his division office and was taken to a local hospital, according to the Capitol Police. That night, he texted his brother to say he had been “pepper-sprayed” but was in “good shape,” his brother told ProPublica. At some point over the next 24 hours, Officer Sicknick’s condition apparently deteriorated. He was put on a ventilator and treated for a blood clot and a stroke, his brother said. He died at about 9:30 p.m. on Jan. 7.
Another Capitol Police officer who was standing next to Officer Sicknick during the attack told investigators that she still had burn scabs under her eyes from the spray three weeks after Jan. 6.
Washington’s chief medical examiner has yet to release Officer Sicknick’s autopsy or cause of death. Michael R. Sherwin, who as acting U.S. attorney in Washington had been leading the Capitol riot investigations, told “60 Minutes” that if evidence connected the chemicals sprayed at Officer Sicknick with his death, “that's a murder case.”
https://www.nytimes.com/interactive/2021/03/24/us/officer-sicknick-capitol-riot.html?action=click&module=Top%20Stories&pgtype=Homepage
Bloomberg reporting that Biden's vaccine plan is really the Trump plan with a new title
Interesting considering trump did not have a plan!!!!!!!!!!!
Trump Administration Had No Coronavirus Vaccine Distribution ...
www.usnews.com › news › top-news
Jan 24, 2021 · WASHINGTON (Reuters) - There was no distribution plan for the coronavirus vaccine set up by the Trump administration as the virus raged in its last months in office, new President Joe Biden's chief...
Scott, It's highway robbery of our children's economic future all because the Biden Administration has no common sense plan to fall back on.
Republicans have been saying this same thing since 1933.
Going back through history, there were only two Republican Presidents, have left office with a strong economy, Eisenhower and Ronald Reagan. Reagan would be a RINO today.
The risk of inflation is very low.
So, our children will inherit a great economy.
Instead of an economy weakened by the former, when he mishandled the covid-19 pandemic if he had reelected.
Alky alky alky Alky alky alky Alky alky alky will be sober for nine years in June 25th
President in waiting, Kamala Harris is calling on Congress — and the Senate in particular — to pass gun control measures in the wake of two mass shootings that left a total of 18 people dead in the span of one week.
"The point here is Congress needs to act," Harris said on "CBS This Morning" Wednesday. "On the House side, they did. There are two bills which the president is prepared to sign, and so we need the Senate to act."
The two measures passed by the House of Representatives are aimed at expanding background checks for gun sales.
Just six days after a 21-year-old gunman killed eight people — six of them women of Asian descent — across three spas in Georgia, another 21-year-old in Boulder, Colorado shot 10 people dead at a supermarket. One of the victims included a Boulder police officer, who was first to respond to the scene.
Law and Order matters to both sides.
I think it is safe to leave the flowery bell-bottoms in the closet. Serious inflation is still very unlikely, albeit now more likely than it was. The jobs market is much more flexible than in the 1970s, making wage-price spirals difficult, while there is still plenty of international competition to restrict the ability of companies to jack up prices. These trends might reverse, but it will take years for unions to build their power and economies to be reoriented to domestic production.
Immigration reform offers the opportunity to heal partisan divisions and foster the prospect of growth and prosperity. Senators Dick Durbin and Lindsey Graham have reintroduced the Dream Act, a bill that has sat on desks in Congress for 20 years and would provide a path for immigrants who came to the United States illegally as children. Any action with this group would be beneficial to our economy, not to mention humane, but immigration reform should not end there. Addressing the legal status of Dreamers has to be the first step in an immigration agenda that propels our economy forward in the era after the pandemic is over.
Dreamers are immigrants who came to America as children. Lots of them have no recollection of their native countries. They were educated in our schools, have jobs, own homes, and have started families here. Providing them with a pathway to citizenship allows them to pursue the occupation of their greatest productivity. So that bill from Durbin and Graham would allow the recipients of Deferred Action for Childhood Arrivals and eligible residents to apply for citizenship in a strict earned pathway. They have to graduate from high school, pass a background check, commit no serious crimes, pay an application fee, and be proficient in English.
Immigration reform bodes well for taxpayers, job creation, and economic growth. This is because immigrants are important factors with our market infrastructures. The more than 800,000 recipients of Deferred Action for Childhood Arrivals contribute over $3 billion to the federal balance sheet and more than $40 billion in our economic productivity each year. Those numbers are estimated to balloon, as they are on track to add more than $430 billion to our economic growth over the next decade.
Far from stealing positions from native born workers, as Donald Trump continues to misleadingly assert to his followers, immigrants generally add to job creation and wage growth in the United States. For instance, 40 percent of recipients of Deferred Action for Childhood Arrivals have finished secondary degrees. They are nurses, teachers, public servants, and business owners with communities around the country.
During the pandemic, over 30 percent of recipients of Deferred Action for Childhood Arrivals have worked in essential jobs, as part of the 22 million immigrants nationwide who are essential employees. Five million of those essential workers are undocumented. Failing to move with their residency status hurts the economy and the industries we count on every day, while reform will fuel the economy at a time when it needs it most.
The Dream Act is one part of the ambitious legalization at the heart of the immigration reform of President Biden. But legalization should be the first move rather than the final objective. Conservatives have to insist that the core visa system be infused with a vision for growth that builds a globally competitive 21st century labor force. Immigrants already have the higher labor activity rate when compared with native born citizens.
They are also more likely to start a business. In fact, nearly 20 percent of self employed workers in the United States are foreign born. Diverse skill sets and talents from across the world have spawned innovation and job creation in this country for years, despite that under 10 percent of visas are awarded based on economic criteria. Think of the effects of making business central to the decision to award an immigrant visa.
Visa reform can also solve the growth problem. In the postwar period, an American saw the standard of living double in 30 years. In the course of your career, your ability to support a family and pursue retirement could become twice as large. The future is more bleak. The latest government estimates indicate it could take over 75 years to double income for each individual. The American dream is shrinking over the horizon.
More rapid growth will be essential to the welfare of American families. Congress can bolster economic growth by taking opportunities to seek common ground with smarter immigration policies. The Dream Act is a great place to start for our lawmakers, but the work should continue to harness immigration reform as one tool for economic ascent.
Douglas Holtz Eakin is president of the American Action Forum. He served as the director for the Congressional Budget Office under President Bush.
Immigration reform needs Republicans to stop worrying about the former, and work with the President instead of acting irrationally like the former asshole.
He served as the director for the Congressional Budget Office under President Bush.
You know the CBO director isn’t nominated by POTUS, right?
THWAP!!
Hey Roger...
Everyone knew that Sicknick was sprayed with pepper spray.
How many words did you waste telling us what everyone already knew?
All this is is a lame attempt by the left to buy back the rank and file union vote they lost to Trump.
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