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Another 2 Trillion Dollar Bill proposed By Biden Maybe?

serfserf Member Posts: 9,225 ✭✭✭✭
edited March 2021 in Politics

Yep the debt ceiling is meaningless now in Washington D.C. but watch those taxes start rising very soon! Tax and spend is all government does now Oh! I forgot they give amnesty to Illegals on the Southern border.

Making new goods & services with jobs is a thing of the past for Uncle Sam.

https://www.forbes.com/sites/sarahhansen/2021/03/01/bidens-infrastructure-bill-could-be-2-trillion-behemoth-heres-what-goldman-sachs-is-expecting/?sh=4ed395056071 serf

Biden's Infrastructure Bill Could Be $2 Trillion

In a research note late Sunday, Goldman Sachs’ analysts said they expect the proposal will be worth at least $2 trillion—and potentially even double that—over the next 10 years based on previous proposals and estimates of how much investment will be necessary to shore up U.S. infrastructure. 

They also note that the upcoming package could be broader in scope than expected and has the potential to expand beyond infrastructure, green energy, and climate change initiatives to include a spate of Democratic priorities including childcare, healthcare, and education initiatives, though the Washington Post reported last month that Democrats are far from united on what the final proposal should look like.

Neil Bradley, chief policy officer at the right-leaning Chamber of Commerce, told the Financial Times last week that corporate tax hikes in the bill will “make American companies less competitive at the very moment that we need a broad economic recovery” and will “make passing a bill probably next to impossible.”

Comments

  • mac10mac10 Member Posts: 2,144 ✭✭✭✭

    i saw gas at 2.9 in MIch

  • dunbarboyzdunbarboyz Member Posts: 1,468 ✭✭✭✭

    Going to have to quit working to not pay taxes.

  • chiefrchiefr Member Posts: 13,008 ✭✭✭✭
    edited March 2021

    I quit worrying about debt in 2009. The latest 1.9T is equivalent to a popcorn fart in a hurricane.

  • serfserf Member Posts: 9,225 ✭✭✭✭

    How long can the USA buy stuff on borrowed money with no increase with interest rates in borrowing money .When the Federal Reserve buy's their own debt and try to hide it with low interest rates? Soon it will be evident it's all a sham.

    This why The Fed Now system is being created by money changers to by pass the ability to create more money by the fractional system of national banks.

    serf

    ttps://www.investopedia.com/articles/investing/081415/understanding-how-federal-reserve-creates-money.asp

    So, if the Fed issues $1 billion in reserves to a bank, it can then lend $900 million to borrowers. These borrowers will then ultimately deposit those funds back to the banking systems (either directly or indirectly from people paid with the loaned money), which can then be loaned out at 90%—so if that $900 million is deposited, an additional $810 million may be deposited. Ultimately, through this money multiplier effect, the $1 billion in reserves will turn into $10 billion in new credit money in the economy.

    *****************************************************************************************************

    This why The Fed Now system is being created by the money changers to by-pass the ability to create more money by the fractional system of the national banks. It's not going to work for long as they are grasping at straws at this point.

    SDR's and The IMF bank will be the central bank of the world when they play with all central banks in the world with their carousels of adding wealth to a broke country which we are headed for sooner than later here in America but taxes will be punitive on the rich,just watch. Fees and Taxes on the common people will increase too

  • chiefrchiefr Member Posts: 13,008 ✭✭✭✭

    Serf, you need to look at what happens to debt from a historical perspective. From the Greeks, Egyptians, Romans, the Germans, Tsarist Russia, all the way thru post WWII as of late EU.

  • serfserf Member Posts: 9,225 ✭✭✭✭

    When they (BIS) forms a new world reserve currency in the near future I don't look for a complete Jubilee for U.S.tax payers. Only a war would stop The u.s Dollar from losing a reserve currency status and they would have to be winning it. Never in History has money been manipulated so much by fiat money.

    serf

    https://www.youtube.com/watch?v=ZaA_UqwzNEM

  • BrookwoodBrookwood Member, Moderator Posts: 11,399 ******

    Ya! It gets divided out in the form of reparations to the ancestors of those who were mistreated some 150 years later! 🤣

  • serfserf Member Posts: 9,225 ✭✭✭✭
    edited March 2021

    And here it comes the carrot first then the stick is next! Get ready for a New taxes for the working class! Now is this for electrical auto's only? I doubt it.

    serf

    A By-the-Mile Tax on Driving Gains Steam

    https://www.bloomberg.com/news/articles/2021-03-12/by-the-mile-vehicle-tax-to-help-fund-infrastructure-gains-steam

    Biden has promised to roll out a large infrastructure package that is expected to incorporate ideas to boost the nation’s transportation and clean energy sectors now that Congress has passed his Covid relief bill.

    “It not only creates jobs, but it makes us a hell of a lot more competitive around the world if we have the best infrastructure in the world,” he said after a March 4 meeting with Democratic lawmakers on the infrastructure topic at the White House.

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