That would be back to back 3 trillion dollar deficits, raising the debt from 16.8 trillion to over 24 trillion in two years
So in just over two years, we have raised the national debt by approximately 44%. That means over the course of the United State's history prior to 2020, we had accumulated approximately 16 trillion dollars in debt. A staggering number by any measure. But in just two years, we are going to be looking at adding approximately 6.2 trillion dollars more.
But, of course, that is before we actually were to add in the new "bipartisan" stimulus infrastructure bill which will cost somewhere between 1.2 and 1.9 trillion dollars. Oh, and let's not forget our drunken sailor concept that we need to add another 3.5 trillion dollars on top of that. Funny how the left thinks that Manchin is being extreme in demanding that we might want to take a pause here.
34 comments:
Biden canceling Chicago trip as his legislative agenda hangs in the balance
By Jeremy Diamond, CNN
Updated Sep 28, 2021
(CNN) - President Joe Biden is canceling plans to travel to Chicago on Wednesday in order to continue leading crucial negotiations in Washington over his legislative agenda, a White House official told CNN.
This is a breaking story and will be updated.
TM & © 2021 Cable News Network, Inc.
A WarnerMedia Company.
All Rights Reserved.
One of President Donald Trump’s lesser known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he’s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt.
The national debt had risen by almost $7.8 trillion during Trump’s time in office.
Bottom up is will eventually reduce the deficit like it did under Bill Clinton's term.
The Bush tax cuts immediately reversed the direction of the deficit.
The tax cuts under Trump did the same thing. Because the Obama record setting economic growth in history the deficit was shrinking.
Your concern about the deficit is remarkable hypocritical.
The reality is that this bill, in its current form, would increase spending by about $350 billion per year out of a federal budget of $5 trillion. That's an increase of 7%.
So you think that increasing spending by 7% per year is excessive.
When we increased militarily spending, you were not concerned.
Roger
Our entire defense budget is about 700 billion and our ENTIRE non-defense Discretionary budget is about 900 Billion.
The two bills together proposed by our Democrats would increase the non-defense discretionary spending by nearly 55% and keep that increase up for 10 years in a row.
Not 7% as suggested by whatever idiot is gaslighting you.
If we increase our military budget by 7% it would cost about a tenth what is being proposed. If we were increasing our non-defense discretionary spending by 7% it would cost us about an eighth of what is being proposed.
So yeah Roger... considering the largest stimulus in history prior to Covid was American Recovery and Reinvestment act and the cost was right around $800 billion over 10 years. Between the existing Covid, the proposed infrastructure and the nonsensical 3.5 trillion, Covid stimulus would be over eight times that Obama.
Over eight times... as in 825% of the largest stimulus ever.
This would be akin to taking the largest amount of money you ever spent on anything, multiply it by 8.25 and then arguing that it's not that much.
Never happened.
"profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch"
Roger is always spectacularly wrong.
"Bernie Sanders just urged progressives to tank the Biden infrastructure bill if Pelosi brings it up for a vote in 2 days".
Ok,
The $3.5 Trillion Democratic Spending Plan Isn’t So Unprecedented. Here’s Why.
It’s a lot of money, but still less than the Great Society — and still not what they spend in Europe.
By Jonathan Cohn
09/28/2021 08:52 PM ET
|
Updated 1 hour ago
Democratic leaders in Congress are still a few votes short of what they need to pass legislation to advance President Joe Biden’s Build Back Better agenda, with a handful of members objecting to the proposal’s scope and, especially, its price tag.
The legislation contains a variety of major initiatives, including subsidies for electric vehicles, a quasi-universal child care program and dental coverage for Medicare recipients. House leaders are still filling in the details of their proposal, while Senate leaders haven’t even introduced legislative language for theirs. But the basic policy vision is clear and, according to available estimates, it would take about $3.5 trillion in new federal outlays over the next decade to realize that.
The posture of these conservative Democrats is not surprising, given their relative ambivalence toward government programs and federal spending. Putting aside one-time or emergency spending measures, like the pandemic relief measures of the past year and a half, that $3.5 trillion increase in federal spending would represent the largest single increase in ongoing government spending in decades.
Still, there are other ways to measure the scope of what Democrats are proposing. One is to look back a little farther in history to the reforms of the Great Society and New Deal. Another is to look abroad, to peer countries across Western
Europe
By those standards, “Build Back Better” is big, but maybe not as big as it seems.
How Much Democrats Actually Intend To Spend
The arithmetic of those comparisons is more complex than it might seem, so HuffPost enlisted the services of an expert: Richard Kogan, a senior fellow at the Center on Budget and Policy Priorities who previously held a variety of budget-related positions on Capitol Hill and in the Obama administration.
One of the first points Kogan made was that Build Back Better’s new net outlays probably wouldn’t be as large as it seems
Although the bulk of the legislation’s proposals envision spending new money on human services like home care aides for the elderly and people with disabilities, the agenda also includes some proposed initiatives that are supposed to reduce government spending ― in other words, proposals that would make government smaller, not bigger.
To call [the Biden-Democratic] package ‘historically large’ is fundamentally wrong unless one ignores the New Deal, wars and tax cuts.Richard Kogan, senior fellow at the Center on Budget and Policy Priorities
Probably the most significant is a proposal to control the price of prescription drugs. That would mean less government spending through Medicare, which pays for older Americans’ drugs. It would also reduce what the federal government spends to subsidize private insurance through the Affordable Care Act.
For context, today, total federal expenditures are 31.2% of GDP
Taking those savings and some other factors into account, Kogan said, a fair figure for new spending under the Democrats’ proposal is closer to (and quite possibly less than) $2.5 trillion over 10 years. Probably the best way to measure how that would affect the relative size of government would be to calculate it as a percentage of the nation’s gross domestic product over the same 10-year window.
It works out to about 0.9% of GDP, Kagan said.
For context, today, total federal expenditures are 31.2% of GDP
https://m.huffpost.com/us/entry/us_615376a4e4b05040d1d38fdf
Joe Biden is the only recent president who has stood up to the Blob
AuthorKevin DrumPublished onSeptember 28, 2021 – 6:09 pm7 Commentson Joe Biden is the only recent president who has stood up to the Blob
Thank God for Joe Biden:
Gen. Mark A. Milley, chairman of the Joint Chiefs of Staff, testified Thursday that U.S. military officials did not give President Biden a “unanimous” recommendation to leave Afghanistan until 10 days after the fall of its capital city of Kabul.
This is the work of the infamous Blob, the foreign policy establishment made up of the Pentagon, Congress, think tanks, intelligence services, and private contractors. They always lobby for hawkish policies and their combined influence is all but impossible for a president to stand up to.
So it's notable that Biden did stand up to them. He knew what he wanted, and he stuck to his guns even in the face of intense contrary lobbying from both the domestic and foreign versions of the Blob. Any other president probably would have caved in—the generals are only asking for 2,500 troops!—but Biden understood the difference between zero and any other number, no matter how small. It's the difference that keeps forever wars going forever.
We're now out of Afghanistan, as we probably should have been years ago. I doubt that anyone else would have had the spine or the self confidence to get us out. Three cheers for Sleepy Joe.
White House press secretary Jen Psaki on Monday defended House Democrats' tax plan in the face of criticism that the legislation would see taxes and consumer prices rise for many Americans. Psaki insisted President Joe Biden is committed to keeping taxes the same for anyone making less than $400,000 a year, and she called it "absurd" that companies would raise consumer prices in response to higher taxes.
"There are some … who argue that, in the past, companies have passed on these costs to consumers," Psaki said. "We feel that that’s unfair and absurd, and the American people would not stand for that."
https://freebeacon.com/biden-administration/psaki-unfair-and-absurd-to-say-companies-would-raise-prices-in-response-to-tax-increases/
This much stupid should never be this close to this much power.
Yeah, about that "transitory" inflation...
Federal Reserve Chairman Jerome Powell, in remarks to be delivered Tuesday, cautioned Washington legislators that the causes of the recent rise in inflation may last longer than anticipated.
In a speech that he will deliver to the Senate Banking Committee, the central bank chair said economic growth has “continued to strengthen” but has been met with upward price pressures caused by supply chain bottlenecks and other factors.
“Inflation is elevated and will likely remain so in coming months before moderating,” Powell said. “As the economy continues to reopen and spending rebounds, we are seeing upward pressure on prices, particularly due to supply bottlenecks in some sectors. These effects have been larger and longer lasting than anticipated, but they will abate, and as they do, inflation is expected to drop back toward our longer-run 2 percent goal.”
https://www.cnbc.com/2021/09/27/fed-chair-powell-to-warn-congress-that-inflation-pressures-could-last-longer-than-expected.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1632776351
45% of those surveyed say they trust Biden a great deal or a fair amount to provide them with accurate information about the virus and pandemic, while 53% said they have little or no trust in him.
https://www.axios.com/axios-ipsos-fall-biden-trust-drops-covid-69b57014-9878-4d15-81ce-08fd37ceefae.html?utm_source=twitter&utm_medium=social&utm_campaign=editorial&utm_content=politics-bidencovid
Gen. Mark A. Milley, chairman of the Joint Chiefs of Staff, testified Thursday that U.S. military officials did not give President Biden a “unanimous” recommendation to leave Afghanistan until 10 days after the fall of its capital city of Kabul.
This is the work of the infamous Blob, the foreign policy establishment made up of the Pentagon, Congress, think tanks, intelligence services, and private contractors. They always lobby for hawkish policies and their combined influence is all bu
Not one of Biden's senior officers could name a dissenting JCS member. They all recommended keeping 2,500 men in country and against the abandonment of Bagram Air Base.
Joe Biden lied on this week with George Stephanopoulos. He ignored his advice and bugged out the military labandoning American citizens, permanent residence, and Afghan allies to their fates.
Turns out the Blob was right and Biden was wrong and deceitful.
The progressive movement is upset about Nancy Pelosi.
Sen. Bernie Sanders (I-VT), in a tweet, urged House progressives to vote down the infrastructure bill President Biden and Speaker Nancy Pelosi want passed — and one that he has already voted for in the Senate.
Said Sanders: “I strongly urge my House colleagues to vote against the bipartisan infrastructure bill until Congress passes a strong reconciliation bill.”
It's going to be interesting for a few days
'Mutually assured destruction': House liberals dig in on halting infrastructure bill
House Democrats are growing particularly frustrated with Sen. Kyrsten Sinema and her negotiating tactics, and the tension spilled out in a meeting.
Rep. Gottheimer: Democrats will be united for Thursday's infrastructure vote
Sept. 28, 2021, 4:30 PM PDT
By Sahil Kapur, Leigh Ann Caldwell and Garrett Haake
WASHINGTON — House progressives are digging in on their resistance to passing the infrastructure bill this week, repeating their threat to block the measure despite Speaker Nancy Pelosi's call to pass it quickly and tackle the social safety net package later.
Rep. Pramila Jayapal, D-Wash., the chair of the progressive caucus, which boasts 95 House members, told NBC News that "nothing has changed" and more than half her caucus is prepared to vote down the infrastructure bill if it comes up before the larger tax-and-spending bill has passed the Senate.
The wrangling comes during a chaotic week where Democrats are locked in a separate standoff with Republicans over how to keep the government funded ahead of a Thursday night deadline and avert debt default before an Oct. 18 cutoff.
The progressive resistance won support from allies the Senate, as Sen. Bernie Sanders, I-Vt., called on House colleagues "to vote against the bipartisan infrastructure bill until Congress passes a strong reconciliation bill."
"My fear is that if the dual agreement that was reached is broken, and we just pass the infrastructure bill, the leverage that we have here in the Senate to pass the reconciliation bill will be largely gone," Sanders said in an interview.
The intraparty feuding casts doubt over whether the House can pass the infrastructure bill on Thursday, as Pelosi has planned — even though Democrats are united in support of the legislation. The larger bill isn't yet ready for a vote yet and is still being drafted, as Democrats work through a series of disputes over price tag and policy.
Rep. Pramila Jayapal, D-Wash., speaks to reporters as she leaves the U.S. Capitol on Sept. 28, 2021.Kevin Dietsch / Getty Images
Rep. Annie Kuster, D-N.H., said Democrats will get the job done. But she added, "Probably not this week."
Some Democrats say they're prepared to vote for the infrastructure bill this week.
"We need both bills. To threaten to vote against one until and unless the other one is ready for 'my' approval is not only hostage-taking but risks backfiring," Rep. Gerry Connolly, D-Va., told NBC News. "Because the people who are passionately in favor of the infrastructure bill, if you defeat it, may very well decide, they'll return the favor on your favorite bill: reconciliation."
"We have to understand we're in the situation of mutually assured destruction here. The old 'MAD' — Cold War. You kill my bill, I'll kill yours. And we don't want to kill either one," he said.
But among Democrats in both chambers, there is growing frustration with centrist Sens. Joe Manchin, D-W.Va., and Kyrsten Sinema, D-Ariz., for rejecting the $3.5 trillion level without specifying what they would support. Some on the left blame them for holding up both bills.
"If they don't actually negotiate on the entire bill, and we're not going to get too close," Jayapal said. "They need to tell us what they don't agree with, and we need to actually be able to negotiate."
Sinema draws progressive ire
Sinema, in particular, has been an enigma to many in the House.
It was fucking funny.
'It was all made up!' Maddow reveals bombshell Rudy Giuliani testimony about origins of Trump's big election lie
Bob Brigham
September 28, 2021
MSNBC anchor Rachel Maddow on Tuesday examined the origins of former President Donald Trump's "Big Lie" of election fraud, which she described as the "current animating force" in the Republican Party.
"I mentioned a few days ago that a Colorado lawsuit was about to become a font of information about where all this stuff came from, about how these lies and conspiracy theories about the election got invented, how they came up with this stuff, how they started propagating it," she said. "I may be wrong, and I'll correct myself if I am, but so far this has not been previously reported on TV."
Maddow noted a deposition of Rudy Giuliani, where he was "under oath explaining the due diligence he did as a lawyer, as an officer of the court, when he decided he needed to go public with these claims that the election was stolen."
Maddow explained Giuliani was asked, "As I'm hearing your testimony, in terms of eyes-on information about your claims about Dominion Voting Systems, we've got some media reports that you generally described, and then you looked at some Facebook postings that you described?"
"I don't remember if it was Facebook," Giulian replied. "Those social media posts get all one to me — Facebook, Instagram, Twitter."
"Anything else you laid eyes on?" Giuliani was asked.
"Right now, I can't recall anything else that I laid eyes on," he replied.
At another point in the deposition, Giuliani revealed that he had no evidence to back up his claim that a witness was credible. He went on to deny he was holding a trial by press conference, arguing it was actually just an investigation by press conference.
Giuliani, a former associate attorney general of the United States, argued he would be a "terrible lawyer" if he verified unfounded claims before repeating them.
"Again, this deposition from Rudy Giuliani, filed in a defamation cates, but that story he admits was just concocted is what ultimately led to the attack on the U.S. Capitol building on January 6," Maddow noted. "It's all made up."
What's driving Biden's declining popularity with Texas Hispanics?
The poll found that *two-thirds* disapprove of his handling of the border crisis.
Approve: 25%
Disapprove: 66%
Contrary to myths peddled by liberal commentators, Hispanics oppose open borders.
https://twitter.com/GiancarloSopo/status/1442956495742816256?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1442956495742816256%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.powerlineblog.com%2Farchives%2F2021%2F09%2Fhispanics-hate-biden.php
There was no "bigger LIE" than the 'Russia, Russia, Russia' hoax/coup attempt, and Ralph 'strap-on' Maddow was one of the hoaxes prominent purveyors.
If there is a cable news clown with LESS credibility than Maddow, I'd like to know who they are.
It was fucking funny.
'It was all made up!' Maddow reveals bombshell Rudy Giuliani testimony about origins of Trump's big election lie
Well anything Maddow utters is "made up" and is "fucking funny".
Things are changing at MSNBC. They have a new president that want to reorient the network to hard news and away from opinion and commentary. She wants it to be more like rival CNN. 🙄🙄🙄
She wants it to be more like rival CNN.
Where they openly and unapologetically and pathologically LIE, while passing it off as "hard news."
Seems like a bold strategy, Cotton...
The white house Wendy's girl admitting their tax plan WILL increase inflation cost on the Poor and middle income earners was a bit of honesty.
How badly are open borders hurting Biden, so much so Obama is against them.
THE SILENCE FROM THE TRUMP SLURPERS WAS DEAFENING WHEN DONNIE BROKE THE RECORDS TO BOTH SPENDING AND THE RECORD DEFICIT HE LED BY HIS TAX BREAKS......THE GOAT FUCKER BENT OVER AND ASKED FOR ANOTHER!!!!!! BWAAAAAAPAAAAAA!!!!
Ronna McDaniel
https://twitter.com/RichardGrenell/status/1441036224047697925
When will the media and Big Tech apologize for censoring the CONFIRMED Hunter Biden laptop story?
Richard Grenell
And when will the 50 former intelligence officials who said it was Russia be held to account?
They issued their letter 3 weeks before the election. It was election interference.
Where’s @maggieNYT?
the state media FAKE NEWS doesn't apologize for their gaslighting
it was their plan
and it worked on ignorant voters
Jewish Deplorable
This is the most important video you’ll see in a very long time
Perfectly captures the insanity of the moment we’re living in
Great job @mazemoore
Tony Shaffer
The Progressive Left is a Cult...and they want you to behave like an ignorant sheep and pretend their hypocrisy does not exist...
VIDEO:
https://mobile.twitter.com/T_S_P_O_O_K_Y/status/1441986760658018304
WRT is much more dangerous than CRT.
A growing number of elected Republicans are openly promoting "white replacement theory," a decades-old conspiracy theory that's animated terrorist attacks, including the 1995 Oklahoma City bombing.
Why it matters: This mainstreams what once was the sole provenance of white supremacists.
What it is: "White replacement theory" posit the existence of a plot to change America's racial composition by methodically enacting policies that reduce white Americans' political power.
The conspiracies encompass strains of anti-Semitism as well as racism and anti-immigrant sentiment.
Driving the news: Fox News host Tucker Carlson has for years alluded to elements of replacement theory. Former President Trump emboldened some believers, as well, including by retweeting accounts that identified themselves as believers in "white genocide."
Carlson's recent defiance, in the face of the Anti-Defamation League's calls for him to resign, have put these conspiracies back into the spotlight, along with the pronouncements of some high-profile elected officials.Rep. Matt Gaetz (R-Fla.) last week tweeted an explicit endorsement of WRT. Gaetz later tweeted that he doesn't think of replacement "solely on race/ethnicity terms," blaming "the Left" for taking him out of context.
Other Republican officials have endorsed tenets of WRT without explicitly using the term.
Texas Lt. Gov. Dan Patrick recently told Fox News' Laura Ingraham that the Biden administration's immigration policy is designed to eventually create a giant new group of Democratic voters and "every one of them [will have] two or three children."Rep. Scott Perry (R-Pa.) said during a committee hearing in April: "For many Americans, what seems to be happening, or what they believe right now is happening, is, what appears to them is, we're replacing national-born American — native-born Americans, to permanently transform the landscape of this very nation."
Spokespeople for Gaetz and Patrick did not respond to requests for comment for this story. Perry's office declined to comment on the record about his comments, and a Fox News spokesperson declined comment.
Between the lines: Victims' advocates say giving credence to conspiracy theories could encourage violence.
In 2019, a gunman inspired by WRT killed 23 people at a Walmart in Patrick's state of Texas. A gunman inspired by WRT killed 11 people at a synagogue in Perry's state of Pennsylvania in 2018.
How we got here: Far-right and white supremacist groups in the U.S. and Europe have latched onto several iterations of these conspiracies, accusing liberals of plotting against white people either with public policy or violence.
"White genocide" is believed to have been coined by the late David Lane, an American neo-Nazi who in 1984 was convicted for his role in the murder of Jewish radio host Alan Berg.Lane was part of a domestic terrorist group called The Order, named after a fictional terrorist group in a racist book called The Turner Diaries, which inspired Timothy McVeigh and other mass murderers.The Turner Diaries and another WRT novel called The Camp of the Saints recently saw their online values surge.
A "reconquista" theory, similar to WRT, spread for years in the American Southwest. Some conservatives promoted claims about Mexican Americans wanting California, New Mexico and other swaths of the region to be given to Mexico.
Lou Dobbs in 2006 drew charges of racism from Latino academics and activists after telling viewers about such supposed designs.
"Replacement theory" or the "great replacement" was popularized in Europe in the 2000s, as believers argued that native white Europeans were being systematically supplanted by non-white immigrants.
In the U.S., the "replacement theory" and "white genocide" rhetoric and movements seemed to merge as white supremacists gathered in Charlottesville, Va., for the "Unite the Right" rally that turned deadly in 2017.
The bottom line: WRT is racist. And some U.S. politicians and highly rated TV pundits are saying the quiet part out loud.
Beaners and Mooslimbs the is WRT language
https://www.axios.com/white-replacement-theory-gains-ground-among-gop-b171e37d-3f27-43f2-bc25-a084c9fe7aad.html
Hmmmm since rrb and a couple others are not a Republican of Trump. I wonder if he would support her?
Liz Cheney positioned for 2024 presidential run as 'Never Trump' Republican: father's former adviser
David Edwards
September 29, 2021
Rep. Liz Cheney (R-WY) could be the best hope for anti-Trump Republicans in the 2024 presidential race.
Eric Edelman, a former adviser to Cheney's father, told CNN that the Wyoming Republican was best positioned to take on former President Donald Trump in 2024.
"If there was going to be a Never Trump candidate, I can't think of anyone better," Edelman explained.
Cheney is currently in a primary battle against Harriet Hageman to keep her seat. Hageman was endorsed by Trump after Cheney voted to impeach the former president for inciting an attack on the U.S. Capitol.
The congresswoman has enjoyed her two biggest quarters of fundraising in the months since Trump made her a target in the Republican primary election.
Cheney has said she would do "whatever it takes" to prevent Trump from taking over the White House again. She is scheduled to attend a fundraising event in New Hampshire on Nov. 9. New Hampshire will also hold the first presidential primary election in 2024.
https://www.rawstory.com/liz-cheney-2024-2655192033/
Eric Edelman, a former adviser to Cheney's father, told CNN that the Wyoming Republican was best positioned to take on former President Donald Trump in 2024.
A Liz Cheney run for President would be wonderful for Trump and the GOP.
All of those never-Trumpers like Bill Krystol would have someone to actually support, rather than using their hatred of Trump to vote Democrat. Liz Cheney would take almost zero votes from anyone who would otherwise vote for Trump.
But would probably take a lot of votes away from Biden, garnering all of those Republicans and Independents who simply refuse to vote for Trump. It would probably help bring some of those anti-Trump Republicans to the polls where they would vote for Cheney and then downvote for other Republicans.
I would think this would be a massive assist to both Trump and the GOP.
WRT is much more dangerous than CRT.
Gee this the first I've heard of WRT. I can only conclude that it came from the feverous imagination of some leftist academic or journalist.
It's typical because because the left needed a counter theory to distract attention from the disastrous CRT.
Naturally Roger falls for it hook, line, and sinker.
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