President Joe Biden has introduced a gargantuan spending bill ostensibly aimed at shoring up and expanding America’s crumbling infrastructure, but as usual, there are a lot of things in the measure completely unrelated to ‘infrastructure.’
To be sure, the measure would spend hundreds of billions on roads, bridges, airports, and so forth. In fact, a Washington Post analysis found that the bill earmarks $650 billion for those kinds of projects.
But again, that’s just $650 billion out of $2.2 trillion. So — if this is an ‘infrastructure’ spending bill, where is the other two-thirds of the money (that we don’t have) going?
Breitbart News broke most of the bill down but here are some of the more outrageous line items:
— $400 billion toward expanding access to quality, affordable home- or community-based care for aging relatives and people with disabilities.
— $213 billion to produce, preserve, and retrofit more than two million affordable and sustainable places to live (and we know who will and who won’t ‘qualify’ for these homes, don’t we?)
— $174 billion to win the electric vehicle market
— $80 billion to address Amtrak’s repair backlog; modernize the high traffic Northeast Corridor; improve existing corridors and connect new city pairs (when will we learn that train travel as Amtrak does it is obsolete? Now bullet trains, that’s something else)
— $56 billion in grants and low-cost flexible loans to states, Tribes, territories, and disadvantaged communities across the country
— $50 billion to create a new office at the Department of Commerce dedicated to monitoring domestic industrial capacity (obviously multi-year funding but $50 billion for a new agency?)
— $48 billion in American workforce development infrastructure and worker protection (huh?)
— $40 billion investment in a new Dislocated Workers Program and sector-based training (this is just a sinkhole; have you ever met anyone who said, ‘I got this job through a federal jobs program’?)
— $40 billion to improve the infrastructure of the public housing system in America
— $30 billion in additional funding for R&D that spurs innovation and job creation, including in rural areas (see above ‘sinkhole’ comment)
— $25 billion in airports (only $25 billion?)
— $20 billion for a program that will reconnect neighborhoods cut off by historic investments and ensure new projects increase opportunity, advance racial equity and environmental justice, and promote affordable access (sinkhole, sinkhole, sinkhole)
And so on.
In order to finance this monstrosity, Biden, like a Democrat, wants to impose new taxes and of course, he’s targeting Corporate America, the sector of our economy that produces jobs. In fact, according to sources who spoke to the Washington Post, the idea is to repeal all of President Trump’s 2017 tax reform law and ‘make corporate taxes high again.’
There is also this: At the rate of spending through the final year of Trump’s presidency on COVID ‘relief’ and into Biden’s regime, our government is literally busting the banks.
The Congressional Budget Office issued a report in February noting that over the next 10 years at current rates of spending, our national debt is going to be even more impossible to pay off: $35 trillion.
“Those deficits, which were already projected to be large by historical standards before the onset of the 2020–2021 coronavirus pandemic, have widened significantly as a result of the economic disruption caused by the pandemic and the enactment of legislation in response,” the CBO said.
But hey — what’s another couple of trillion, some of which might go for roads and bridges?