The unresolved issue that garnered the most DC press last week was the infrastructure bill package which is still in limbo as of this writing. It consists of two legislative bills; one a traditional infrastructure package which appears to have bipartisan support (at least in the Senate) and a larger “fix much of what is deficient in America while preparing it for the future bill”. I am of the school of thought that we should be concentrating on the content of the second bill and not its price tag. For the purposes of today’s discussion I will largely break that rule.
This article is being written early Saturday morning and cannot possibly take into account any action(s) between its writing and publishing.
Last week was another with a plethora of legitimate candidates for the biggest political story. I’m selecting infrastructure but with a huge caveat.
In sports to a large degree a coach is only as good as their players. Politics is similar. Joe Biden is the new “coach” and he has assembled some great talent around him. His Treasury Secretary is Janet Yellen. While the former guy had a Wall Street C-lister with a trophy wife at Treasury; Biden has one of the world’s best economists. Saturday the difference showed and it was the beginning of a win for America. Continue reading Yellin’ For Yellen
Wednesday night I watched President Biden’s State of the Union Address that technically wasn’t a State of the Union Address. It was a “substantial sandwich”.
President Biden’s infrastructure proposal is very popular with the American people. Surveys show that when it is coupled with the plan to finance it by increasing taxes on the wealthy it is even more popular. How often do you find support for tax increases? Donald Trump won in 2016 in part by riding a populism wave. Trump turned out to be anything but a populist but he fooled enough people for at least a few months. Here is the important point: couple those two facts together and I have most of the answer to the question: How are we going to pay for new programs?