Chuck Schumer and his Senate Democrat cohorts have decided they will jam through Biden’s radical multi-trillion-dollar social welfare agenda despite GOP concerns and growing rates of inflation.
Republican support is not required to pass the bill as Schumer plans to weaponize the budget reconciliation tactic to hammer through the far-left legislation. The Senate remains evenly split 50-50 between Republicans and Democrats, and Schumer knows he does not have the GOP support to pass the bill legitimately. In fact, he doesn’t even have the full support from his own party, with the more moderate lawmakers raising serious concerns over the bill’s price tag.
Democrats used the same tactic to pass Joe Biden’s massive $1.9 trillion coronavirus relief package back in March, and they fully plan to utilize it again. The pressure is on for the Democrats amid sliding approval ratings across the board and a major lack of success since Biden assumed the White House and Congressional majorities. The chances of a bipartisan deal are slim to none, with many Republicans (and a couple Democrats) have raised major red flags over the federal government’s spending habits amid a rising inflation rate.
However, Biden desperately needs a legislative win — as do many of his Party members. The Democrats expect the president’s full support in jamming through the multi-trillion-dollar social welfare bill, but the hesitancy from the White House is troubling, mainly to the radical Left coalition. As his approval rating (and the ratings of many top Democrats) plummets, it’s unlikely Biden will issue large, sweeping supportive statements of such bold and divisive political maneuvers.
Here are the items really driving up inflation:
Car rental 87.7% (y/y change)
Used cars 45.2%
Gas 45.1%
Laundry machines 29.4%
Airfare 24.6%
Moving 17.3%
Hotels 16.9%
Furniture 8.6%
Bacon 8.4%
TVs 7.6%
Fruit 7.3%
Shoes 6.5%
Fresh fish 6.4%
New cars 5.3%
Milk 5.6%
Rent (OER) 2.3%— Heather Long (@byHeatherLong) July 13, 2021
A bipartisan group of lawmakers are currently working to pass another facet of Biden’s agenda –an actual infrastructure bill that is expected to cost around $1 trillion and will actually address America’s broken waterways, roads, bridges, and other structural projects. Since last month, Biden and 10 lawmakers — five from each party — have attempted to flesh out a bill that will outline and tackle these legitimate structural issues plaguing the nation. Former President Trump also sought to address such problems, and agreed to spend about the same amount to address declining infrastructure across the United States.
In discussing the budget agreement, Schumer and other lawmakers did not respond when asked if they had the support of all 50 Democratic senators, which they will need to succeed. They also have virtually no margin for error in the House, where they will be able to lose no more than three Democratic votes and still prevail.
Senate Majority Leader Chuck Schumer said that gives “every major program that President Biden has asked us for” and pays for it in “a robust way.”
Sen. Mike Lee (R-UT) responded to the news by saying, “$3.5 trillion in new spending is $3.5 trillion too much and $3.5 trillion we don’t have.”
Economist Brian Riedl responded to the Democrat lies on Twitter:
The idea that Senate Democrats have achieved unanimous support for $3.5 trillion(!) in specific reconciliation offsets is absurd. Surprised if they could pass 20% of that. Even their medium-size tax hike proposals have always been a bluff. https://t.co/7KyjCs4rU6
— Brian Riedl 🧀 (@Brian_Riedl) July 14, 2021
Author: Nolan Sheridan
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