Let's break this down...

Author: TyroneIrish (17556 Posts - Joined: Oct 8, 2020)
Posted at 11:49 am on Aug 17, 2022

> $1.9T "American Rescue Plan"...as the SF FED noted...while the increase in spending would add to inflation (~3%), it is the wise choice, given the very real threat of "Deflation"...a much harder challenge to overcome.

> $1.2T "Bi-Partisan Infrastructure Bill"...what enterprise doesn't maintain its capital investments?...what enterprise doesn't invest in preparing for future changes it knows are coming (i.e. energy shift away from fossil fuels)?...this spending was essential and even the Republicans knew it.

> $0.28T "CHIPS Bill"...Again, a bi-partisan piece of legislation for national security in this critical field...a very good investment in our future.

> $0.48T "Inflation Reduction Act"...Reduces the national debt without raising taxes...(note: Corporate tax rate is still 21%)...lowers prescription drug costs, etc.

Each expense has been justified...as opposed to the ONLY meaningful legislation enacted by the Trump administration...tax reductions in good times, and primarily for those who didn't need it.

What the real headline should be is "Republicans Embarrassed by Success of Biden Administration Progress"...have to run, but I'll be back to illustrate more how today's GOP must not be allowed to control anything in this country...hopefully, this will change significantly in the not-too-distant future, as we need a viable two-party system.


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