Sponsored Content

Intermarkets' Privacy Policy

Donate to Ace of Spades HQ!

Sponsored Content: GenBiz GenBiz GenBiz

Recent Entries
Absent Friends
Ann Wilson(Empire1) 2022
Dave In Texas 2022
Jesse in D.C. 2022
OregonMuse 2022
redc1c4 2021
Tami 2021
Chavez the Hugo 2020
Ibguy 2020
Rickl 2019
Joffen 2014
Cutting The Cord And Email Security
Moron Meet-Ups

« The Morning Rant: Athletes Being Benched for Refusing to Promote LGBT, Both Here in the US and Abroad | Main | Anti-White Racist: Whites Can't Be Non-Binary. They're the White Supremacists Who Enforce the Cisnormative Gender Binary on BIPOCs. »
August 05, 2022

Kyrsten Sinema Agrees to $730 Billion Build Back Brandon Bill

They're claiming it's a $430 billion bill, because, supposedly, $300 billion will not be spent, but used to retired debt. $730 billion will be raised by increased taxes, $430 will be spent, $300 billion will be spent to retire debt.

Only I don't believe that last part. I think the full $730 billion will be spent over the next several years, with a plan -- an IOU -- to retire $300 billion in debt in the last five years of the ten-year plan.

Which will never happen.

But this is how the score bills to Con the Rubes.

I suppose the good news is: It could have been worse.

Democratic U.S. Senator Kyrsten Sinema said on Thursday she agreed to "move forward" on a $430 billion drug pricing, energy and tax bill, subject to a Senate arbiter's approval of the bill, which Democrats intend to pass over Republican objections.

The bill known as the Inflation Reduction Act...


As mentioned yesterday, this bill increases federal spending in an already highly inflationary environment. It will not "reduce inflation." It will increase it.

Theoretically, in the "out-years," the years in the tail end of the 10-year scheme of the spending plan, cuts in spending will be made and that will in theory cut inflation... six, seven or eight years from now.

But 1, that doesn't help us with the acute and unbearably high inflation we're seeing now and 2, no one believes those cuts will ever take place. They're an accounting gimmick to get the spending through while pretending the bill is actually "revenue neutral."

Congress does not have to follow through on this spending cut "plan." They announce a "plan" just to get their spending increases smuggled through reconciliation. Next year, they can pass another ten year "plan" that also increases spending -- but also claims to "cut spending," promising cuts in the out years.

And those cuts never come.

And we just keep increasing spending forever.

And increasing inflation.

This is the "Inflation Expansion Act."

... introduced last week by Schumer and Democratic Senator Joe Manchin, is a key priority for Democrats and President Joe Biden ahead of November's election battle for control of the U.S. Congress.

The act will help people save money on prescription drugs and health premiums, Biden said in a statement on Thursday.

"It will make our tax system more fair by making corporations pay a minimum tax," he said.

Is it just me, or does anyone else find your enthusiasm for protecting corporations -- which not only paid to "fortify the election," but then also bankrolled the riots and arsons and murders of BLM -- falling to zero?

They're a Democrat constituency now. They can get their favors from the Democrats.

I don't know why we're doing favors for people who hate us. Fuck them to hell. I don't care if the whole Fortune 500 winds up paying 70% corporate tax rates.

Democrats will need all 50 of their votes -- plus Vice President Suzy Fartclam as a tie-breaking vote -- to pass this through budget reconciliation, assuming the parliamentarian permits it. The parliamentarian will review each provision to determine that each is actually germane to the budget and that the whole, theoretically, reduces the budget deficit. Which is what is required to pass a budget bill on 50 votes instead of 60.

If any Democrats get covid or, who knows, monkeypox, that would complicate matters.

digg this
posted by Ace at 12:03 PM

| Access Comments

Recent Comments
Anonosaurus Wrecks aka Hangdog Barkston [/s] [/b] [/i]: "Everybody was kink fu fighing Those lips were fas ..."

Theodore: " ONT already! ..."

Gouverneur Morris : "Early ONT Woot! ..."

[/i][/s][/b][/u]blaster: "[i]Sasquatch exist! They really do![/i] Nurse, ..."

Mufasa: "260 Honestly, wouldn't mind f*cking a lion but twi ..."

Infidel: "Made one of Mom's favorite winter drinks. (RIP) ..."

Diesel Jones, Biologist: "Honestly, wouldn't mind f*cking a lion but twitter ..."

this one time at banned camp: "Iz Is Still Banninated?!? ..."

Kindltot: "[i]I did pretty good avoiding all nuts this month ..."

vmom stabby stabby stabby stabby stabamillion: "Fen, thus may be helpful regarding Matins and Vesp ..."

Gonzotx : "Enough of this f-king dinner with Kanye amd the pe ..."

...: "Once you find yourself saying "And this is where T ..."

Recent Entries

Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64