THE WORST ITEMS IN BIDEN’S ‘INFRASTRUCTURE’ BILL
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THE WORST ITEMS IN BIDEN’S ‘INFRASTRUCTURE’ BILL
President Joe Biden has introduced a gargantuan spending bill ostensibly aimed at shoring up and expanding America’s crumbling infrastructure, but as usual, there are a lot of things in the measure completely unrelated to ‘infrastructure.’ . . .
In fact, a Washington Post analysis found that the bill earmarks $650 billion for those kinds of projects.
But again, that’s just $650 billion out of $2.2 trillion. So — if this is an ‘infrastructure’ spending bill, where is the other two-thirds of the money (that we don’t have) going?
Breitbart News broke most of the bill down but here are some of the more outrageous line items:
— $400 billion toward expanding access to quality, affordable home- or community-based care for aging relatives and people with disabilities.
— $213 billion to produce, preserve, and retrofit more than two million affordable and sustainable places to live . . .
— $174 billion to win the electric vehicle market
— $80 billion to address Amtrak’s repair backlog; modernize the high traffic Northeast Corridor; improve existing corridors and connect new city pairs . . .
— $56 billion in grants and low-cost flexible loans to states, Tribes, territories, and disadvantaged communities across the country
— $50 billion to create a new office at the Department of Commerce dedicated to monitoring domestic industrial capacity . .
— $48 billion in American workforce development infrastructure and worker protection . . .
— $40 billion investment in a new Dislocated Workers Program and sector-based training . . .
— $40 billion to improve the infrastructure of the public housing system in America
— $30 billion in additional funding for R&D that spurs innovation and job creation, including in rural areas . . .
— $25 billion in airports . . .
— $20 billion for a program that will reconnect neighborhoods cut off by historic investments and ensure new projects increase opportunity, advance racial equity and environmental justice, and promote affordable access . . .
In order to finance this monstrosity, Biden, . . . wants to impose new taxes and of course, he’s targeting Corporate America, the sector of our economy that produces jobs. In fact, according to sources who spoke to the Washington Post, the idea is to repeal all of President Trump’s 2017 tax reform law and ‘make corporate taxes high again.’ . . .
The Congressional Budget Office issued a report in February noting that over the next 10 years at current rates of spending, our national debt is going to be even more impossible to pay off: $35 trillion. . . .
“Those deficits, which were already projected to be large by historical standards before the onset of the 2020–2021 coronavirus pandemic, have widened significantly as a result of the economic disruption caused by the pandemic and the enactment of legislation in response,” the CBO said. . . .
Which of these line items in Biden’s ‘Infrastructure’ Bill to you is the most harmful? Discuss in the comments below!
(Excerpt from Trending Politics. Article by Jonathan Davis. Photo Credit: Getty Images.)
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Comments
This analysis is misleading. The two items I am familiar with have been imported from the Endless Frontier Act. The bill specified $100 billion for research in 10 key technologies and $10 billion for Midwest “regional technology hubs.” Both were to be administered by agencies in the Department of Commerce. The American Jobs Plan cuts the research money to $50 billion but increases the money to regional tech hubs. Not sure what the authors of the source article combined to reach $30 billion.
Let’s get back o prayer and out of detailed political analysis provided without a good understanding of the issues.
SPEND MORE MONEY PRINT MORE MONEY AND YOUR MONEY WILL BE WORTHLESS LIKE PRE NAZI GERMANY. THEN WITH WORTHLESS GERMAN MARKS WHAT WAS NEXT, NAZI GERMANY , WW2 AND ALL THE DESTRUCTION OF WAR ALL THE DEATHS. THAT IS WHAT WE HAVE NOW WITH THE BIDEN ADMINISTRATION. A STODEN ELECTION WITH LIES CORRUPTION THAT GOES WITH THIS MAXIST FACIST ANTI CHRISTIAN ANTI AMERICAN DEMON RATIC LEFTIST EVIL ANTILIFE ADMINISTRATION. SPEAK UP STAND UP AGAINST THIS EVIL TAKE OVER