So there’s a “bipartisan deal” on infrastructure that cuts out much of the original infrastructure plan, which was supposed to be urgently needed for the country. They say it can’t pass without an accompanying guarantee of a Reconciliation bill to pass the rest of what was proposed.
So in other words, we’ll get the entire original proposal (or maybe nothing) through reconciliation except months later than we would have if we had just passed it using Reconciliation in the first place, but leaving little time for much of the rest of Biden’s agenda, never mind all the bills the House has been passing.
This “deal” is because Biden, who was going to convince Republicans to work with him, couldn’t convince Democrats like Manchin to work with him. And Biden caved on taxing the rich.
Also you have to “pay for” something that will bring us trillions in future economic gains? But one way they are going to “pay for” it is by selling public infrastructure to private interests who can then charge US a fee to use OUR infrastructure.
PS For those who mistakenly think the US govt “borrows,” the interest rate is close to below zero when inflation is added in, so we actually “make money” if we “borrow.” But we absolutely can’t issue T-Bills to “pay for” the infrastructure that will bring us trillions of benefit.
PSS The US govt MAKES dollars. It doesn’t borrow them. It also chooses to sell T-Bills, for different reasons.
PASS Also, Republicans can now take credit for the infrastructure spending the public wants, even after cutting it by 2/3. Or is that 3/4?