BOHICA

Senate approves Democrats’ $3.5-trillion budget blueprint in another win for Biden

WASHINGTON — 

Democrats early Wednesday pushed a $3.5-trillion framework for bolstering family services and health and environment programs through the Senate, advancing President Biden’s expansive vision for reshaping federal priorities just hours after handing him a triumph on a hefty infrastructure package.

Lawmakers approved Democrats’ budget resolution on a party-line 50-49 vote, a crucial step for a president and party set on training the government’s fiscal might at assisting families, creating jobs and fighting climate change. Higher taxes on the wealthy and corporations would pay for much of it.

Passage came despite an avalanche of Republican amendments intended to make their rivals pay a price in next year’s elections for control of Congress.

House leaders announced that their chamber would return from summer recess in two weeks to vote on the fiscal blueprint, which contemplates disbursing the $3.5 trillion over the next decade. Final congressional approval, which seems certain, would protect a subsequent bill to enact the spending and tax changes from a Republican filibuster in the 50-50 Senate — a tactic that would probably kill it.

They can try and spin this any way they want, it won’t matter in the long run.

Three and a half Trillion dollars is going to be Chump Change when everyone is running around with fist fulls of this kind of stuff.

17 thoughts on “BOHICA

  1. LOL…Going to be nice to pay off the house and truck with pocket change. Of course buying 2×4’s for $3.5B and gasoline at $6B per gallon aren’t gonna help all that much. Good reason to stock up on everything you possibly can right now, and pay ‘stuff’ off as the money starts coming with more and more Zero’s on it.

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  2. Be aware in several recent counties that had massive inflation that your Debts didn’t get cheaper to pay off. The Banks got the Governments to “Adjust” the debt to meet NEW Values of the Countries Money. Banker OWN the Politicians if you didn’t realize that, OR they are Destroyed BY the Politicians with the second Trick see below.

    Barring that the Government simply forces ALL current currency into Revision. In Venezuela for example (PLENTY examples available BTW) The Bolivar became the “Strong Bolivar” in a 10-1 transaction exchange under the law that the Old Bolivar was to become WORTHLESS at Midnight the end of that week.

    Mexico has had several such “Adjustments” in the past 50 years. In many South American Countries folks had Bank Accounts in BOTH the Local Currency AND the US Dollar. In Mexico they had a Bank Holiday and the next Monday Moring ALL the US Dollar Accounts were CONVERTED to Pesos AT THE Government’s Official Exchange Rate…..

    Actually this happened in Europe in recent history. Look to Cypress and Greece. Look to the fall of several Kings in European History over such Currency Adjustments. The Fall of Rome in the debasement of the silver dinar from 90% silver to finally a base metal coin with a silver dross coating.

    Part of the rage in the French Revolution was about Currency Debasement in order to fund the Royalty’s expensive habits and wars. Let the eat cake ring a bell?

    STAY OUT OF DEBT as best as you can.

    Liked by 2 people

  3. Liberals, Conservatives, Democrats, Republicans…….the only difference in spending habits between any of them and a drunken sailor is that when a drunken sailor is broke, he goes home!

    At least the Dems/Libs do EXACTLY what they say they are going to do. Repubs/Conservatives say anything their constituents want to hear and when in office do the exact opposite.

    Liked by 2 people

    • “At least the Dems/Libs do EXACTLY what they say they are going to do. Repubs/Conservatives say anything their constituents want to hear”

      Not that I’d ever use the word ‘respect’ in the same sentence with democrat but there is value to recognize the difference and I do detest being lied to (repubs) even more than having the evil depolyed (dems) against me.

      Liked by 1 person

  4. wally street journal headline this a.m.

    “McConnell Credits Biden for Infrastructure Breakthrough, Dismisses Trump Criticism”

    FYI this goes to budget reconciliation, that is where they can add to the bill and then pass it.
    That is how harry reid got bummer care put into law in 2010. It was added and a full floor vote is not required.

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  5. “Passage came despite an avalanche of Republican amendments intended to make their rivals pay a price in next year’s elections for control of Congress” BULLSHIT HIS LIPS WERE MOVING

    Liked by 1 person

  6. Don’t forget your taxes will go up accordingly until you hit the point you can’t pay them and there will be any number of people at the courthouse door auction to buy your house from the government.

    Liked by 1 person

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