Posted on 03/30/2021 10:30:52 AM PDT by John W
President Biden will outline his massive $3 to 4 trillion infrastructure plan Wednesday, which will create four tax increases worth around $1.8 trillion, the White House revealed.
The commander-in-chief’s “Build Back Better” proposal, a centerpiece of his post-COVID campaign message, will be split into two packages for Congress to pass.
The first, the White House said, will focus on infrastructure investments specifically.
The second will focus on funding domestic policy areas of Democratic concern, such as providing universal pre-kindergarten and tuition-free community college, as well as health care.
(Excerpt) Read more at google.com ...
What’s that sound I hear? Yup, that’s the economy coming to a screeching wreck. The other sound is Carter style stagflation spinning up...
Oh, they’ve heard of it. To them, it’s a feature, not a bug. Remember, their goal is to destroy self-sufficiency and create government dependency, which of course equals power for them.
z3n wrote:
“
“Conjure magic for them and they’ll be distracted. Take away their freedom, and still they’ll roar. The beating heart of Rome is not the marble of the Senate. It’s the sand of the Colosseum. He’ll bring them death, and they will love him for it.”
“
Gracchus in the movie Gladiator
Hyperinflation is on the way. Already seeing signs.
The greatest crime is theft from generations yet unborn, and it’s being done with gusto.
speechless
(home schooling is tremendous)
How much of the gasoline tax we pay today is designated for highway maintenance??
Of that tax, how much is actually spent for highway maintenance??
Has anyone taking a trip on interstate highways in the past 30-40 years not encountered highway construction projects going on?? ever??
And lots of bike trails! Yippee!!
DOA
I heard that it will be AT LEAST $4 trillion. Some Dems are saying $10 trillion.
Remember Obama’s stimulus? All it did was grow government. The $1 trillion spending became permanent by using continuing resolutions rather than a budget.
This is the same thing.
Biden thinks the extra 2.6 percent in extra taxes for those making over $400,000 will pay for every spending scheme he can think of, as if it’s endless.
Is that for ‘shovel-ready’ jobs?
We fell for that last time - then Odumshit announced they were “not so shovel-ready” ha ha ha Only $4trillion down the drain.
The, universal k-12, they now have fee college, then free medical up to age 25, then expanded unemployment and assorted benefits up to 50k/year, then social security and medicare = never have to work.
The Taxman
Let me tell you how it will be
There’s one for you, nineteen for me
‘Cause I’m the taxman
Yeah, I’m the taxman
Should five per cent appear too small?
Be thankful I don’t take it all
‘Cause I’m the taxman
Yeah, I’m the taxman
(If you drive a car, car)
I’ll tax the street
(If you try to sit, sit)
I’ll tax your seat
(If you get too cold, cold)
I’ll tax the heat
(If you take a walk, walk)
I’ll tax your feet
Taxman!
‘Cause I’m the taxman
Yeah, I’m the taxman
Don’t ask me what I want it for
(Ha, ha, Mr. Wilson)
If you don’t want to pay some more
(Ha, ha, Mr. Heath)
‘Cause I’m the taxman
Yeah, I’m the taxman
Now my advice for those who die
(Taxman!)
Declare the pennies on your eyes
(Taxman!)
‘Cause I’m the taxman
Yeah, I’m the taxman (yeah, I’m the taxman)
And you’re working for no one but me (taxman!)
Songwriters: Harrison George
For non-commercial use only.
Data From: Musixmatch
Inflation, stagflation, hyperinflation, or all three, who cares? /s
4 Trillion?
At what point do we break the bank or printing presses?
___________________________________________________
There is no point where we break either. It’s been figured out for quite awhile (even though many don’t want to admit it). It’s as easy for the Fed to print money as it is for them to digitally add “zeros” to someone’s bank account. The only possible fear is too much inflation too fast. Right now, not many people are worried or care.
The major banks are too big to fail (they know that too).
You and I are just along for the ride.
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