Bi-Partisan Infrastructure Deal!

[All_Pro_Bills]

24 minutes ago, Over 29 years of fanhood said:

If you are pre tax and dollars you are still exposed. 

I agree.  But you'll experience nominal gains with "hard assets" which I expect worst-case will keep you even with dollar depreciation.  To lower dollar exposure in my 401K, which has limited options, I'm allocated funds to Large Cap Euro/Asia funds and indexes and emerging market funds.   

 

14 minutes ago, SoCal Deek said:

Once again….we agree. But I’d clarify that the ELECTED OFFICIALS of both parties are responsible. I don’t think the American people are.

I think all the citizens allowing themselves to be bribed into voting for politician's that promises them a lot of "free" stuff are complicit.  If I ran for any federal office on an agenda of fiscal responsibility I would lose in a landslide.  Most Americans are going to experience a very large drop in their standard of living in the near future and in some respects they deserve what they're going to get. 

 

Free medical care, free college, free phones, free housing, free food.  EV subsidies and tax credits which I never understand that subsidize EV purchases for a couple pulling down over $250K annually.  I'm entitled to this, I'm entitled to that.  As you and I know nothings free. 

 

 

Edited July 29, 2021 by All_Pro_Bills

[SoCal Deek]

2 minutes ago, All_Pro_Bills said:

I agree.  But you'll experience nominal gains with "hard assets" which I expect worst-case will keep you even with dollar depreciation.  To lower dollar exposure in my 401K, which has limited options, I'm allocated funds to Large Cap Euro/Asia funds and indexes and emerging market funds.   

 

I think all the citizens allowing themselves to be bribed into voting for politician's that promises them a lot of "free" stuff are complicit.  Free medical care, free college, free phones, free housing, free food.  EV subsidies and tax credits which I never understand that subsidize EV purchases for a couple pulling down over $250K annually.  I'm entitled to this, I'm entitled to that.  As you and I know nothings free. 

 

 

I’d differ with you there a bit. Neither the democrat or republican candidate was in the ‘free stuff’ camp in 2020. All of those folks dropped out in the primaries. And I don’t think most people vote for their congressmen based on that either. But…as soon as these folks get in office and sit on those committees, they open up America’s purse strings. It’s just easier than saying no. 

[All_Pro_Bills]

2 minutes ago, SoCal Deek said:

I’d differ with you there a bit. Neither the democrat or republican candidate was in the ‘free stuff’ camp in 2020. All of those folks dropped out in the primaries. And I don’t think most people vote for their congressmen based on that either. But…as soon as these folks get in office and sit on those committees, they open up America’s purse strings. It’s just easier than saying no. 

I can meet you in the middle here.  You've got the party out of power always feigning concern over spending proposals of the other party.  But when they get into the White House those concerns disappear.  Visa, versa.  They produce these wild projections about how the initiative "will pay for itself" but over time it never does. 

 

But I'm still not willing to completely absolve the voters totally of blame.  If I ran for office against these free spenders of either party in Congress on a promise to restore fiscally responsible policies, cut spending, balance the budget, and over time bring the national debt down to zero I wouldn't stand a chance.  And every special interest and money grubber addicted to government spending would be all over me.  Calling me every despicable term and attaching every negative characteristic to me across the political spectrum.  Heck, I can envision some big spending leftist saying "remember what happened in Germany when Hitler tried to balance the budget?" 

 

 

[Irv]

Demented Biden thinks he's FDR with this ridiculous infrastructure bill.  What an idiot.  Another failure.  What a mess.  

[SoCal Deek]

10 minutes ago, All_Pro_Bills said:

I can meet you in the middle here.  You've got the party out of power always feigning concern over spending proposals of the other party.  But when they get into the White House those concerns disappear.  Visa, versa.  They produce these wild projections about how the initiative "will pay for itself" but over time it never does. 

 

But I'm still not willing to completely absolve the voters totally of blame.  If I ran for office against these free spenders of either party in Congress on a promise to restore fiscally responsible policies, cut spending, balance the budget, and over time bring the national debt down to zero I wouldn't stand a chance.  And every special interest and money grubber addicted to government spending would be all over me.  Calling me every despicable term and attaching every negative characteristic to me across the political spectrum.  Heck, I can envision some big spending leftist saying "remember what happened in Germany when Hitler tried to balance the budget?" 

 

 

I’m not totally absolving the voters… but you have to remember that just because an individual voter wants money spent on things THEY want doesn’t mean they don’t support cuts somewhere else. The problem is that nothing ever gets cut! There’s always another advocate to be found on every congressional committee. 
 

I’ll over simplify here but the federal government has two primary roles: protect us from enemies abroad and build stuff across state lines here at home. 

[BillStime]

4 minutes ago, SoCal Deek said:

I’m not totally absolving the voters… but you have to remember that just because an individual voter wants money spent on things THEY want doesn’t mean they don’t support cuts somewhere else. The problem is that nothing ever gets cut! There’s always another advocate to be found on every congressional committee. 
 

I’ll over simplify here but the federal government has two primary roles: protect us from enemies abroad and build stuff across state lines here at home. 

 

Agree.

 

One minor change:

 

I’ll over simplify here but the federal government has two primary roles: protect us from enemies foreign and domestic and build stuff across state lines here at home. 

[All_Pro_Bills]

4 minutes ago, BillStime said:

 

Agree.

 

One minor change:

 

I’ll over simplify here but the federal government has two primary roles: protect us from enemies foreign and domestic and build stuff across state lines here at home. 

Of course you added that as all roads lead to Rome.  So is the government protecting us right now from the domestic enemies working from inside in the government?  

[Westside]

8 minutes ago, BillStime said:

 

Agree.

 

One minor change:

 

I’ll over simplify here but the federal government has two primary roles: protect us from enemies foreign and domestic and build stuff across state lines here at home. 

Unless the government is the enemy. Which everyone with half a brain knows it’s true.

[Over 29 years of fanhood]

50 minutes ago, All_Pro_Bills said:

I agree.  But you'll experience nominal gains with "hard assets" which I expect worst-case will keep you even with dollar depreciation.  To lower dollar exposure in my 401K, which has limited options, I'm allocated funds to Large Cap Euro/Asia funds and indexes and emerging market funds.   

 

 

 

 

Yeah I agree with that and I expect when rates need to go up to deal with inflation the housing market one example of a hard asset will stagnate.

 

We will likely take Europe down with us while the authoritarian but externally capitalist acting China will take their seat in the throne and in a final act, if not done already disband the US dollar as a global reserve currency. Then it’s $50 wonder bread. 

[BillStime]

1 minute ago, All_Pro_Bills said:

Of course you added that as all roads lead to Rome.  So is the government protecting us right now from the domestic enemies working from inside in the government?  

 

Didn't mean to hit a nerve... 😄

[BillStime]

 

[ALF]

Trump threatened to primary GOP lawmakers who favor the bipartisan infrastructure plan.

17 Republicans just voted to advance it, including Mitch McConnell 

 

Former President Donald Trump left no words unspoken in his most direct attempt yet to tank President Joe Biden's $1 trillion infrastructure deal.

The GOP frontman threatened "lots of primaries" ahead for any Republican lawmakers who cooperated with Democrats to get the bipartisan deal passed.

 

Trump, who floated plans for infrastructure spending throughout his presidency, has railed against negotiations in recent days, telling Republican lawmakers to skip the talks — not, it seems, because of any specific issues with the substance but because passage of a bill would be "a victory for the Biden administration and Democrats" and "heavily used in the 2022 election."

 

https://www.businessinsider.com/trump-threatens-to-primary-gop-lawmakers-over-bipartisan-infrastructure-bill-2021-7

[Tiberius]

25 minutes ago, BillStime said:

 

Get er done Joe!!!

15 minutes ago, ALF said:

Trump threatened to primary GOP lawmakers who favor the bipartisan infrastructure plan.

17 Republicans just voted to advance it, including Mitch McConnell 

 

Former President Donald Trump left no words unspoken in his most direct attempt yet to tank President Joe Biden's $1 trillion infrastructure deal.

The GOP frontman threatened "lots of primaries" ahead for any Republican lawmakers who cooperated with Democrats to get the bipartisan deal passed.

 

Trump, who floated plans for infrastructure spending throughout his presidency, has railed against negotiations in recent days, telling Republican lawmakers to skip the talks — not, it seems, because of any specific issues with the substance but because passage of a bill would be "a victory for the Biden administration and Democrats" and "heavily used in the 2022 election."

 

https://www.businessinsider.com/trump-threatens-to-primary-gop-lawmakers-over-bipartisan-infrastructure-bill-2021-7

Trump is such a loser. Just a total sore loser 

[BillStime]

1 hour ago, Irv said:

Demented Biden thinks he's FDR with this ridiculous infrastructure bill.  What an idiot.  Another failure.  What a mess.  

When was Trump’s Infrastructure Week? Was it before or after Trump Care week? 
 

Everything was always two weeks away - right?

 

What a mess

[B-Man]

Oh my: “I do not support a bill that costs $3.5 trillion,” says AZ Sen. Kyrsten Sinema. 

 

“Perhaps Senate Republicans are smarter than they’ve looked in this infrastructure negotiation — or maybe they just lucked out. After the GOP’s negotiating group announced an agreement in principle on the bipartisan infrastructure bill, Chuck Schumer announced that he’d move forward on both that bill and the parallel $3.5 trillion package containing everything Republicans wouldn’t support. The bigger bill would move through reconciliation, cutting out the GOP entirely as long as Schumer can hold all 50 of his caucus together. Not so fast, Kyrsten Sinema declared shortly afterward.”

 

 

Plus: “If Sinema’s getting worried about the ticket price in relation to purplish Arizona, Joe Manchin has to be getting the shakes in deep-red West Virginia. West Virginians have a long track record of being in the Bacon Party, so some of this might be mitigated by how much pork-barrel spending Manchin can direct to the Mountain State. However, with inflation burning a hole in working-class buying power and Democrats attempting an end run to get a lot of progressive wish-list items funded under the rubric of ‘infrastructure,’ it remains to be seen just how enthusiastic Manchin will be for the Pelosi-Schumer Special.”

 

 

 

[Irv]

45 minutes ago, BillStime said:

When was Trump’s Infrastructure Week? Was it before or after Trump Care week? 
 

Everything was always two weeks away - right?

 

What a mess

 

Trump hasn't been President for 6 months.  The topic was Biden's infrastructure failure.  Pay attention and try to stay on topic.  What a mess.  

[BillStime]

1 minute ago, Irv said:

 

Trump hasn't been President for 6 months.  The topic was Biden's infrastructure failure.  Pay attention and try to stay on topic.  What a mess.  

 

So you agree - TFG is a mess.  Thanks

[B-Man]

 

 

Back to the topic:

 

 

North Carolina Congressman Proposes to Kill 2,378 Pet Projects in New Budget

 

https://www.dailysignal.com/2021/07/27/exclusive-north-carolina-congressman-proposes-to-kill-2378-pet-projects-in-new-budget/

 

 

 

[SoCal Deek]

6 hours ago, BillStime said:

 

Agree.

 

One minor change:

 

I’ll over simplify here but the federal government has two primary roles: protect us from enemies foreign and domestic and build stuff across state lines here at home. 

So if we agree....and you know we rarely do...when do we start cutting out EVERYTHING else that this bloated government's apparently determined is part of their job description? 

[BillStime]

1 minute ago, SoCal Deek said:

So if we agree....and you know we rarely do...when do we start cutting out EVERYTHING else that this bloated government's apparently determined is part of their job description? 

 

When we get elected to office?

[SoCal Deek]

1 minute ago, BillStime said:

 

When we get elected to office?

You and I are gonna make quite a pair...that's for sure! We'll show 'em.

[B-Man]

3 minutes ago, BillStime said:

 

When we get elected to office?

 

1 minute ago, SoCal Deek said:

You and I are gonna make quite a pair...that's for sure! We'll show 'em.

 

 

TERM LIMITS !!

 

[SoCal Deek]

7 minutes ago, B-Man said:

 

 

 

TERM LIMITS !!

 

So you're saying we have a chance?  Sweet!  I'll start printing posters.

[B-Man]

 

 

Sen. Schumer reminds us that if the $3.5 trillion infrastructure bill doesn’t pass we could be dead in ‘a few short years’

 

 

Chuck must be exhausted from all the “we’re all gonna die” goalpost shifting over the last few decades.

 

https://twitchy.com/dougp-3137/2021/07/29/sen-schumer-reminds-us-that-if-the-3-5-trillion-infrastructure-bill-doesnt-pass-we-could-be-dead-in-a-few-short-years/

[SoCal Deek]

2 minutes ago, B-Man said:

 

 

Sen. Schumer reminds us that if the $3.5 trillion infrastructure bill doesn’t pass we could be dead in ‘a few short years’

 

 

Chuck must be exhausted from all the “we’re all gonna die” goalpost shifting over the last few decades.

 

https://twitchy.com/dougp-3137/2021/07/29/sen-schumer-reminds-us-that-if-the-3-5-trillion-infrastructure-bill-doesnt-pass-we-could-be-dead-in-a-few-short-years/

He was probably just referring to him, Nancy, and Joe.....which is true.  The over/under on all three of them lasting until morning is not good.

[Tiberius]

No! We don't want it! We should just be bad then we can complain everything is bad!

 

-

 

Quote

including $37.5 million to projects at Buffalo Niagara International Airport. Other pots of money that could end up helping Western New York include the $65 billion set aside to bring broadband internet to underserved urban and rural areas, as well as $3.85 billion aimed at rebuilding land ports of entry at the northern and southern borders.

https://buffalonews.com/news/local/even-with-cuts-infrastructure-deal-could-bring-unprecedented-funding-to-wny/article_306d5170-f09a-11eb-bd8e-3b5aa01a2715.html#tracking-source=home-top-story-1

[Governor]

4 hours ago, Tiberius said:

No! We don't want it! We should just be bad then we can complain everything is bad!

 

-

 

https://buffalonews.com/news/local/even-with-cuts-infrastructure-deal-could-bring-unprecedented-funding-to-wny/article_306d5170-f09a-11eb-bd8e-3b5aa01a2715.html#tracking-source=home-top-story-1

I’m not using no commie internet. I’ll go back to Netscape dial-up then I’ll set myself on fire.

[Tiberius]

7 hours ago, Governor said:

I’m not using no commie internet. I’ll go back to Netscape dial-up then I’ll set myself on fire.

I read on on one of B-Man's web places that the commies can send Critical Race Theory right through the internet!

[Tenhigh]

Tibs and Govenor, you don't have any issue with a bill this large?  You don't want any of the pork cut out of it at all?

[Governor]

42 minutes ago, Tenhigh said:

Tibs and Govenor, you don't have any issue with a bill this large?  You don't want any of the pork cut out of it at all?

Which bill? We don’t really know what will be in either one when it passes.

 

I would prefer to have money for high-speed rail throughout this country. 

The Medicare expansion is a big one for me. Hopefully that makes the reconciliation bill.

[ALF]

I'm for the $1.2T bill ,  the $3.5T would be too much for me. Focus on stopping covid then look at the shape of the economy then.

[B-Man]

https://www.powerlineblog.com/archives/2021/07/some-dare-call-it-infrastructure.php

 

SOME DARE CALL IT INFRASTRUCTURE

 

I don’t think we have a text to go to yet, but I have absolutely no doubt that the editors of the Wall Street Journal correctly assess the so-called bipartisan infrastructure deal as “not so grand.” If the Journal has these details right, that is a grand understatement. They highlight “an epic binge of green subsidies and more handouts for states and localities.” To wit:

 

Consider mass transit, which received $70 billion in pandemic relief. Only about $20 billion of that has been spent. Yet Congress now will dole out another $90 billion over five years.

 

This is the “largest Federal investment in public transit in history,” a White House fact sheet boasts. Taxpayers in Little Rock are again subsidizing New York City’s subway and its fat union contracts. The deal includes an additional $66 billion for rail, $30 billion of which is earmarked for Amtrak’s northeast corridor—a subsidy for political commuters.

 

Rail has long been an obsession of President Biden, though he’s lately become fixated with electric cars. He scored $7.5 billion for a “national network” of electric-vehicle charging stations. Even FDR didn’t get a New Deal program to build gas stations.

 

Energy Secretary Jennifer Granholm is also a big winner. She’ll run a green venture capital fund rivaling Kleiner Perkins with tens of billions to throw around at carbon capture, hydrogen, electric flying taxis, buses and high-speed mass-transit hyperloop. She will also be in charge of creating a “smart” grid with no less than $73 billion for transmission lines and batteries to back up heavily subsidized wind and solar power.

 

One of the worst parts of the deal is the $65 billion government intrusion into broadband markets. States—i.e., politicians—will get $40 billion to build out broadband in “underserved” areas. The nation’s broadband networks have been built by private companies, which invest tens of billion dollars each year, including $67 billion in a government spectrum auction that Senators plan to use to pay for their deal.

 

Some 99% of American households have access to high speed fixed or mobile broadband. But liberals complain about phantom “digital redlining,” so the deal creates a $30 monthly broadband subsidy for low-income households. According to a White House summary, internet providers will have to abide by rules in Mr. Biden’s competition executive order. Could the return of Barack Obama’s net neutrality rules be coming by this back door?

 

Sickening, with worse yet to come.

[plenzmd1]

I

Quote

Consider mass transit, which received $70 billion in pandemic relief. Only about $20 billion of that has been spent. Yet Congress now will dole out another $90 billion over five years.

 

This is the “largest Federal investment in public transit in history,” a White House fact sheet boasts. Taxpayers in Little Rock are again subsidizing New York City’s subway and its fat union contracts. The deal includes an additional $66 billion for rail, $30 billion of which is earmarked for Amtrak’s northeast corridor—a subsidy for political commuters.

@B-Man...things to consdier even before this bill hits and as a result of the American Rescue PLan

 

1) Richmond GRTC...folks who run the buses...have already announced no fares through 2022 they are so flush with cash right now

 

2) Richmond , the city, is looking for input from the citizens on " how they would spend $144M...cause ya know..the feds just giving us money we don't really need.But i guess none of that can go towards infrastructure

 

https://www.rva.gov/press-releases-and-announcements/news/city-asks-public-input-american-rescue-plan-act-spending

[ALF]

Here's what's in the bipartisan infrastructure bill

 

https://www.cnn.com/2021/07/28/politics/infrastructure-bill-explained/index.html

[SoCal Deek]

Or….we could fix the interstate roads and bridges. 

[Tiberius]

3 hours ago, ALF said:

Here's what's in the bipartisan infrastructure bill

 

https://www.cnn.com/2021/07/28/politics/infrastructure-bill-explained/index.html

Can’t believe we are getting a bi partisan bill moving forward. 

[Over 29 years of fanhood]

On 7/30/2021 at 9:49 AM, Governor said:

Which bill? We don’t really know what will be in either one when it passes.

 

I would prefer to have money for high-speed rail throughout this country. 

The Medicare expansion is a big one for me. Hopefully that makes the reconciliation bill.

 

😂 choo choo trains? Are you serious man? 

smh- it’s like the monorail Simpsons episode. 

 

On 7/29/2021 at 8:48 PM, Tiberius said:

No! We don't want it! We should just be bad then we can complain everything is bad!

 

-

 

https://buffalonews.com/news/local/even-with-cuts-infrastructure-deal-could-bring-unprecedented-funding-to-wny/article_306d5170-f09a-11eb-bd8e-3b5aa01a2715.html#tracking-source=home-top-story-1

 

Since I understand  rural internet service quite well, I can confidently tell you $65 billion is a ph$&@ing ridiculous number. it’s clearly a big corporate bribe. 

[B-Man]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Much more at the link: https://twitchy.com/samj-3930/2021/08/02/studies-on-people-hitting-deer-infrastructure-oilfield_rando-goes-through-infrastructure-bill-line-by-line-and-its-hilariously-infuriating/

[B-Man]

 

 

Nancy Pelosi Screwed up and People Are Starting to Realize It

 

 

With the advancement of the so-called bipartisan infrastructure deal in the Senate, the ball is soon to return to the House’s court. That means Nancy Pelosi is going to have to decide whether she’s going to follow through on her prior threats made to appease her left flank or if she’s going to betray the socialist wing to keep moderate support from collapsing.

 

Previously, Pelosi had asserted that she would not advance the infrastructure deal until reconciliation passed the Senate. Of course, that never made any sense. What’s the point of a bipartisan deal if Democrats are just going to shove through $3.5 trillion in spending anyway? Meanwhile, Republicans have calculated (in error, in my opinion) that by passing an infrastructure deal as a show of goodwill, they can get Sinema and Manchin to neuter the coming reconciliation effort.

 

For a while, the ranks seemed to be holding for the Democrats. Now, cracks in the wall are forming, and the question is becoming who does Pelosi want to tick off the most?

 

More at the link: https://redstate.com/bonchie/2021/08/02/nancy-pelosi-screwed-up-and-people-are-starting-to-realize-it-n420210

 

 

[Westside]

On 8/2/2021 at 11:42 AM, B-Man said:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Much more at the link: https://twitchy.com/samj-3930/2021/08/02/studies-on-people-hitting-deer-infrastructure-oilfield_rando-goes-through-infrastructure-bill-line-by-line-and-its-hilariously-infuriating/

This money will end up in the bank accounts of the elite. Woo hoo for infrastructure. 
They don’t even try to hide it anymore.