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Biden Team Preparing Up to $3 Trillion in
New Spending for the Economy

Original Article

Posted By: earlybird, 3/22/2021 1:40:57 PM

WASHINGTON — 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.

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Reply 1 - Posted by: jalo1951 3/22/2021 1:43:58 PM (No. 731605)
So anybody taking bets on when the depression starts?
19 people like this.

Reply 2 - Posted by: earlybird 3/22/2021 1:46:36 PM (No. 731607)
FTA: The package under consideration would begin that effort in earnest. The first legislative piece under discussion, which some Biden officials consider more appealing to Republicans, business leaders and many moderate Senate Democrats, would combine investments in manufacturing and advanced industries with what would be the most aggressive spending yet by the United States to reduce carbon emissions and combat climate change. It would spend heavily on infrastructure improvements, clean energy deployment and the development of other “high-growth industries of the future” like 5G telecommunications. It includes money for rural broadband, advanced training for millions of workers and 1 million affordable and energy-efficient housing units. Documents suggest it will include nearly $1 trillion in spending alone on the construction of roads, bridges, rail lines, ports, electric vehicle charging stations and improvements to the electric grid and other parts of the power sector.
3 people like this.

Reply 3 - Posted by: montwoodcliff 3/22/2021 1:47:41 PM (No. 731608)
The Market will crash In September /October time frame but certainly by January. Enjoy the ride while you can.
13 people like this.

Reply 4 - Posted by: Lawsy0 3/22/2021 1:49:51 PM (No. 731609)
Capital B. Capital S. If the Donkey brigade cared about boosting the economy, they would offer a massive tax cut. They don't so they won't. They will whiz on our legs and tell us it's raining. Commiecrats!
18 people like this.

Reply 5 - Posted by: Penney 3/22/2021 1:53:03 PM (No. 731612)
The fox is in the hen house, destroying what it can't steal!
15 people like this.

Reply 6 - Posted by: marbles 3/22/2021 1:53:08 PM (No. 731613)
The planned death of America brought to you by people that will make money from it.
23 people like this.

Reply 7 - Posted by: Californian 3/22/2021 1:54:53 PM (No. 731615)
Fire up the printing machines! We got a lot of money to print from thin air! I wonder why they even bother taxing anyone. Just print more money. Inflation? What's that?
18 people like this.

Reply 8 - Posted by: Cindiana 3/22/2021 2:10:44 PM (No. 731623)
Hold on a minute. Didn't Stinky and his Community Reinvestment Act (was that the name?) take care of the infrastructure? There sure were a ton of those huge green signs all the heck over the place.
9 people like this.

Reply 9 - Posted by: Starboard_side 3/22/2021 2:26:15 PM (No. 731631)
It's all designed to make it seem Republicans look mean-spirited and heartless. FTA: The second plan under discussion is focused on what many progressives call the nation’s human infrastructure — students, workers and people left on the sidelines of the job market — according to documents and people familiar with the discussions. It would spend heavily on education and on programs meant to increase the participation of women in the labor force, by helping them balance work and caregiving. It includes free community college, universal pre-K education, a national paid leave program and efforts to reduce child care costs. That plan would also extend or make permanent two temporary provisions of Mr. Biden’s recent relief bill: expanded subsidies for low- and middle-income Americans to buy health insurance and tax credits aimed at cutting poverty, particularly for children. (this is to expand funding to support Obamacare)
4 people like this.

Reply 10 - Posted by: stablemoney 3/22/2021 2:26:34 PM (No. 731632)
The rich will wait for Biden to be gone, before selling anything, so they won't be paying the taxes. The corporations will pass any tax increases on with the pricing of their products. Who will be paying any tax increases will be the middle class. The spending will be financed by money printing. When a Democrat smiles and shows their teeth, all the teeth are rotten. That's the visualization I get when I look at them.
6 people like this.

Reply 11 - Posted by: Thos Weatherby 3/22/2021 2:54:53 PM (No. 731649)
Time to move in to Bitcoin.
3 people like this.

Reply 12 - Posted by: udanja99 3/22/2021 3:05:41 PM (No. 731658)
How about opening up the country and giving EVERYONE a big tax cut instead? Who’s going to pay for ANY spending when so many people are out of work from the lockdown and not paying taxes?
7 people like this.

Reply 13 - Posted by: lakerman1 3/22/2021 3:18:23 PM (No. 731668)
Welcome to New Zimbabwe.
6 people like this.

Reply 14 - Posted by: Venturer 3/22/2021 3:47:32 PM (No. 731701)
Patton's Rock Soup method.
0 people like this.

Reply 15 - Posted by: kono 3/22/2021 4:07:26 PM (No. 731712)
By "for the economy", of course, the headline means "to destroy the economy."
1 person likes this.

Reply 16 - Posted by: DVC 3/22/2021 4:41:15 PM (No. 731758)
They WILL be destroying the US economy, and with it, much of the world econmy.
3 people like this.

Reply 17 - Posted by: GoodDeal 3/22/2021 5:13:25 PM (No. 731787)
The dollar is expected to crash by the end of the year. Stock market will plummet. The economy is on a big-time sugar high, like a kid that just ate his big bag of Halloween candy. After the high wears off the crash hits.
3 people like this.

Reply 18 - Posted by: bad-hair 3/22/2021 5:22:09 PM (No. 731797)
That's right. 3 Trillion's a pretty good start. Tax the evil corporations (except Amazon who delivers my stuff) and the dirty rich bastids. Especially the ones in Antigua, Grand Cayman and Switzerland.
0 people like this.

Reply 19 - Posted by: Hermit_Crab 3/22/2021 5:50:27 PM (No. 731840)
Why not quit fooling around and make it an even quadrillion??? I'm thinking of moving to Zimbabwe, or building a time machine and going back to Weimar era Germany just for a more sanely run economy
2 people like this.

Reply 20 - Posted by: Bur Oak 3/22/2021 6:16:24 PM (No. 731877)
Return to the future of the 1970's and Jimmy Carter. Stagflation here we come!
4 people like this.

Reply 21 - Posted by: red1066 3/22/2021 6:35:03 PM (No. 731898)
Want to save the economy? Don't spend any of it.
1 person likes this.

Reply 22 - Posted by: dst4life 3/22/2021 7:50:28 PM (No. 731961)
The way Leftists view the economy is like believing you can dump diesel view into a gasoline engine and make it run. Sputter, sputter, sputter. . . . Kaput.
0 people like this.

Reply 23 - Posted by: formerNYer 3/22/2021 7:58:18 PM (No. 731970)
Contact your investment councilors and tell them to move your money into inflation safe investments. Save save save, you going to need it. Do not buy cars, boats, major appliances unless it's absolutely necessary. Hard times coming, if this bill passes.
0 people like this.

Reply 24 - Posted by: Smart11344 3/22/2021 9:41:13 PM (No. 732012)
Biden's newest campaign slogan: BANKRUPT AMERICA before 2022.
1 person likes this.

Reply 25 - Posted by: LC Chihuahua 3/22/2021 10:23:25 PM (No. 732042)
1 person likes this.

Reply 26 - Posted by: 24tea@Mag 3/22/2021 11:59:52 PM (No. 732093)
Not my economy! How much is round robin to the Biden Cartel?
0 people like this.

Reply 27 - Posted by: The Remnants 3/23/2021 2:57:00 PM (No. 732821)
Remember when Obama yucked it up about how "they never had any shovel-ready projects"? But the monies set aside for them disappeared without any accounting for them. How much more of a banana republic can be become, and it is basically only two months.
0 people like this.

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