The News Media has provided a disservice when it comes to the Build Back Better bill

[F1fan]

The wonders of having a fiat economy. I suppose a person can do anything at the national money press willy-nilly.

Bidens solution? Print more money. Smart guy he is for sure. Who cares about the debt ceiling?

It's what all modern presidents have done, including trump. Why would Biden do any differently? The alternative is unacceptable. Don't like it? Stop electing presidents that cut taxes on the wealthy that results in higher deficits, which leads to cutting the budget, which leads to eventual dysfunction in society. If we are going to be a civilized nation we need to create stability, maintain infrastructure, and pay the bills with appropriate tax rates.

Ands to the point of this thread, FOX News feeds your comments, just to offer right wingers something to criticize Biden for even though every president does it.

 

[F1fan]

I like the ideas in the bill but think they need to be fully paid for with no accounting gimmicks.

Of course neither right nor left cares about the deficit. The right cuts taxes and increases the deficit. The left spends money and increases the deficit. And anyone who tries to do something about the deficit gets chopped into tiny pieces and skewered by those who benefit from lack of financial sanity.

The difference is that the right thinks trickle down will cover the costs, and the left thinks building infrastructure will improve the opportunity to benefit the economy as a whole. i think the left has a more realistic approach.

 

[F1fan]

From what I understand there are raised taxes on corporations and those with income over $400,000, and there is not much debt left, and it is claimed that better enforcement on paying taxes will take care of the rest. The ignorance on stuff like this stunning to me. It's because people are paying more attention to politics.

Frankly I don't think there's any chance of reform. I suspect the GOP will arrange to take over the USA with the exception of perhaps 20 states, and the nation as a whole will likely suffer a collapse of the economy and society, which includes democracy. I suspect a decade before there is any return to some political and social stability.

 

[The Hammer]

The linked article made it sound all positive.
But it never mentioned inflation, which will be
exacerbated by the massive increase in deficit
spending. That has deleterious effects too.

A problem with "Build It Back Better" is presenting
it as an infrastructure bill. But it's also massive
social spending. Not saying that's not worth doing,
but the bait & switch aspect is a PR problem.

Social spending is investing in "human Infrastructure", the one aspect of society that keeps it running. IMO

 

[sun rise]

The difference is that the right thinks trickle down will cover the costs, and the left thinks building infrastructure will improve the opportunity to benefit the economy as a whole. i think the left has a more realistic approach.

I am on the left. My solution is to make everyone pay their fair share which means that the rich don't pay a lower rate than those on the bottom and corporations get their tax goodies taken away so they pay what any business pays.

 

[Revoltingest]

Social spending is investing in "human Infrastructure", the one aspect of society that keeps it running. IMO

"Infrastructure" is being used to suggest civil engineering projects.
BTW, I favor increasing social spending in some areas.
But Biden never contacted me for my opinions.

 

[Lyndon]

thank God!!

 

[We Never Know]

The wonders of having a fiat economy. I suppose a person can do anything at the national money press willy-nilly.

Bidens solution? Print more money. Smart guy he is for sure. Who cares about the debt ceiling?

One problem is infrastructure has always taken a back seat to other things.
You don't wait until your house is falling down before deciding to repair it.

 

[F1fan]

One problem is infrastructure has always taken a back seat to other things.
You don't wait until your house is falling down before deciding to repair it.

Even trump campaigned on infrastructure investment. It was never brought up as a priority. Tax cuts came in 2017 and they were expected to boost the economy. It did in upper scale earners and minimally in the middle class. Revenue dropped, and there was no appetite for spending. And then came Covid.

 

[Kooky]

Reminds me of Gogo Yubari...
"You call that begging?"

beg to differ - Wiktionary

 

[Twilight Hue]

One problem is infrastructure has always taken a back seat to other things.
You don't wait until your house is falling down before deciding to repair it.

Our failing infrastructure speech has been lauded for decades and decades. It's part of the elect me and I will do this shtick. Push play, rewind, do it again next election.

 

[Audie]

The linked article made it sound all positive.
But it never mentioned inflation, which will be
exacerbated by the massive increase in deficit
spending. That has deleterious effects too.

A problem with "Build It Back Better" is presenting
it as an infrastructure bill. But it's also massive
social spending. Not saying that's not worth doing,
but the bait & switch aspect is a PR problem.

"Dig The Hole Deeper"

 

[Audie]

Someone will eventually pay.

Sell Hawaii to China

 

[Audie]

It's what all modern presidents have done, including trump. Why would Biden do any differently? The alternative is unacceptable. Don't like it? Stop electing presidents that cut taxes on the wealthy that results in higher deficits, which leads to cutting the budget, which leads to eventual dysfunction in society. If we are going to be a civilized nation we need to create stability, maintain infrastructure, and pay the bills with appropriate tax rates.

Ands to the point of this thread, FOX News feeds your comments, just to offer right wingers something to criticize Biden for even though every president does it.

Biden needs no help with things to criticize.

 

[Revoltingest]

Sell Hawaii to China

We like Hawaii.
Besides, inflation reduces our debt to China.

 

[Audie]

We like Hawaii.
Besides, inflation reduces our debt to China.

Rats.

 

[F1fan]

Our failing infrastructure speech has been lauded for decades and decades. It's part of the elect me and I will do this shtick. Push play, rewind, do it again next election.

But it isn't schtick for anyone but conservatives who won't cooperate with Democrats. Even trump knew we had to do something. Republicans juts don't care. That democrats are taking this issue seriously is not a liability. The defeat of the bill is because there are no republicans who will cooperate with Democrats.

 

[F1fan]

Biden needs no help with things to criticize.

I think he's done a pretty good job considering what he inherited. trump would be doing worse for America. Biden's only serious flaw is being rooted in an era when he could trust republicans. Obama was naive in this regard. It's funny that Biden has such a low approval rating. I think people are disappointed because Biden didn't make all the consequences of trump's incompetence disappear overnight, like magic. The expectations were so high. But Covid is still here, and the mutations keep coming, just as experts predicted.

 

[Audie]

I think he's done a pretty good job considering what he inherited. trump would be doing worse for America. Biden's only serious flaw is being rooted in an era when he could trust republicans. Obama was naive in this regard. It's funny that Biden has such a low approval rating. I think people are disappointed because Biden didn't make all the consequences of trump's incompetence disappear overnight, like magic. The expectations were so high. But Covid is still here, and the mutations keep coming, just as experts predicted.

That is not how he / things look from over here..

 

[Twilight Hue]

But it isn't schtick for anyone but conservatives who won't cooperate with Democrats. Even trump knew we had to do something. Republicans juts don't care. That democrats are taking this issue seriously is not a liability. The defeat of the bill is because there are no republicans who will cooperate with Democrats.

Only as seriously for repaying their union friends who helped fund their elections, lucrative bids, leaving us, the public, with miles and miles of cones and barriers with nobody on them half the time and of course , the proverbial five men supervising one guy with a shovel digging a ditch. Year after year after year.