Mere moments after Biden spends nearly $2 trillion on a COVID stimulus package, he’s planning yet another measure that will surely send America on brink of disaster.
The Biden administration is set to unveil the first installment of their multitrillion-dollar economic recovery package this week. The measure focuses on rebuilding of roads, bridges and other infrastructure, while a separate bill is said to follow in April. The second bill reportedly focuses on child and health care.
On Sunday, White House press secretary Jen Psaki confirmed the administration’s plans. The strategy to split the enormous spending package is said to give Biden the opportunity to get more Republicans on board.
Biden is scheduled to release the details of his plan on Wednesday during a speech in Pittsburgh. The plan, with its magnificent price tag, will likely receive some backlash from Republicans though many in the GOP have voiced their support when Trump proposed a similar plan during his first term. However, given the weariness most conservatives are experiencing over the trillion-dollar COVID stimulus bill, all bets are off for Biden’s new spending measures.
Plans are still in flux and the White House has yet to introduce ways to pay for their massive spending measures. Economic experts are weary of Biden’s spending, claiming a tax increase alone isn’t enough to foot the bill.
But work on passing broad infrastructure legislation in a Senate split 50-50 with Vice President Kamala Harris providing a tiebreaking vote could prove more difficult. Moderate Sen. Joe Manchin, D-W.Va., recently said he will block infrastructure legislation if Republicans aren’t included.
Author: Howard Landis