MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘infrastructure package’

EconomicPolicyJournal.com: AOC Wants Biden to Boost Infrastructure Spending to $10 Trillion

Posted by M. C. on April 2, 2021

Maddow must have been short on time because she did not get a chance to ask AOC how she would pay for a $10 trillion program, or ask her about the economic distortions government programs cause or ask her why she wants to promote standard of living lowering unions.

https://www.economicpolicyjournal.com/2021/04/aoc-wants-biden-to-boost-infrastructure.html

Rep. Alexandria Ocasio-Cortez (D-N.Y.) told MSNBC’s Rachel Maddow that President Biden’s $2.25 trillion infrastructure package is  “encouraging.”

However, she added that she has “serious concerns that it’s not enough.” 

AOC said that the U.S. could “realistically need $10 trillion over 10 years.”

“I know that may by an eye-popping figure for some people, but we need to understand that we are in a devastating economic moment. Millions of people in the United States are unemployed. We have a truly crippled health care system and a planetary crisis on our hands, and we’re the wealthiest nation in the history of the world. So we can do $10 trillion,” she told Maddow. 

And here is the part where Rep. Ocasio-Cortez mentions the 10 trillion number that caught @Lawrence ‘s attention.

We’ll have the full @AOC interview published later tonight. pic.twitter.com/y7ZXNr9sht— Maddow Blog (@MaddowBlog) April 1, 2021

Maddow must have been short on time because she did not get a chance to ask AOC how she would pay for a $10 trillion program, or ask her about the economic distortions government programs cause or ask her why she wants to promote standard of living lowering unions.  –RW

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EconomicPolicyJournal.com: In His First 100 Days, Biden Plans to Out Do All of Trump’s 2020 Mad Spending

Posted by M. C. on January 10, 2021

According to Axios, Biden wants to follow this up with a $3 trillion tax and infrastructure package.

Yes, give most Americans $1,400 (in addition to the $600 they are now receiving) and then tax the hell out of the “rich.” In addition to raising capital gains taxes for all.

This is what the Democratic control of both houses of Congress is going to bring.

https://www.economicpolicyjournal.com/2021/01/in-his-first-100-days-biden-plans-to.html

Joe Biden is considering asking Congress to give Americans the balance of the $2,000 per person coronavirus payments that was promoted by Trump, Axios reports. In addition, Biden wants to send funds to state and local governments to fill gaps in revenue that were created by governors and mayors that locked down their jurisdictions because of COVID-19.

Then, get this.

According to Axios, Biden wants to follow this up with a $3 trillion tax and infrastructure package.

Yes, give most Americans $1,400 (in addition to the $600 they are now receiving) and then tax the hell out of the “rich.” In addition to raising capital gains taxes for all.

This is what the Democratic control of both houses of Congress is going to bring.

Mitch as majority leader, though a crony himself, would have stopped a lot of this.

Needless to say, the spending Biden is proposing here is going to be much higher than what will be generated by any new taxes, so Jay Powell at the Federal Reserve better start ordering a lot more barrels of green ink.

RW

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