Posted on 03/22/2021 11:28:10 AM PDT by Theoria
A pair of proposals would invest in infrastructure, education, work force development and fighting climate change, with the aim of making the economy more productive.
President Biden’s economic advisers are preparing to recommend spending as much as $3 trillion on a sweeping set of efforts aimed at boosting the economy, reducing carbon emissions and narrowing economic inequality, beginning with a giant infrastructure plan that may be financed in part through tax increases on corporations and the rich.
After months of internal debate, Mr. Biden’s advisers are expected to present a proposal to the president this week that recommends carving his economic agenda into separate legislative pieces, rather than trying to push a mammoth package through Congress, according to people familiar with the plans and documents obtained by The New York Times.
The total new spending in the plans would likely be $3 trillion, a person familiar with them said. That figure does not include the cost of extending new temporary tax cuts meant to fight poverty, which could reach hundreds of billions of dollars, according to estimates prepared by administration officials. Officials have not yet determined the exact breakdown in cost between the two packages.
Mr. Biden supports all of the individual spending and tax cut proposals under consideration, but it is unclear whether he will back splitting his agenda into pieces, or what legislative strategy he and Democratic leaders will pursue to maximize the chances of pushing the new programs through Congress given their narrow majorities in both chambers.
(Excerpt) Read more at nytimes.com ...
infrastructure, democrat slush fund
education, democrat slush fund
work force development, democrat slush fund
fighting climate change, democrat slush fund
Where is all this money coming from. Wow.
Big wind, Sleazy solar, and God knows what else.
All you young folks get on the gravy train...
So which stocks will benefit most from this debacle?
Some real Keynesians would be a good thing compared to the garbage of today. Keynes wouldn’t spend like this, and he would be trying to balance the budget. The R’s and D’s who have been running up the debt are on a different level.
Just a mere matter of how fast the can run the US Treasury Dept’s printing presses, refill the ink containers and load paper. No biggie, at this point. We’re in so far over our heads, it barely matters anymore.
Why not 50 trillion?
Timing is everything.
I think it was less than 24 months from the time Solyndra got half a billion from Caliph Baraq (via “Stimulus Sheriff” Joe Biden) until they went bankrupt.
Hey Joe, What cha goanna do when the well runs dry?
Exactly, and while they’re at it, a few more stimulus checks, too!
We are in deep trouble with this spending.
That “borrowing”, not “spending”.
I think brain dead Joe Biden was installed illegally via the coup so that he could take the blame for the Democrat’ plan to Cloward-Piven the economy into the ground with insane spending.
This
Yeah, everyone know money grows in computers! /sarc
Simple, the income tax is only there for the government to control citizens.
That is finally why the feral government is giving the money to the proles, they're starving so they have to spend the money.
Sure it does... Thsts where the paper comes from
As long as they start with my street....it needs to be repaved bad......
I wonder how many trillions reparations are going to cost because you know it’s coming.
exactly, taxes are meant to control and punish certain groups or ideas....
Take from one group to win votes in another group...
Tax the crap out of fossil fuels to push the green new deal, etc....
They’re countless examples...
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