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After Friday night’s 11th-hour vote in the House resulted in the passage of the $1.2 trillion infrastructure bill – thanks to 13 uniparty Republicans who joined the Congressional Black Caucus in short-sheeting House Progressives – the Wall Street Journal and Forbes have published refreshers of what what America is supposedly getting out of the largest investment in infrastructure in more than a decade. From 10,000 feet, investments span refurbishing aging roads, bridges and ports, replacing lead pipes, upgrading and hardening the nation’s power grid, and of course – a healthy investment in ‘infrastructure’ to battle the ever-looming man-made climate change disaster that we’re told will turn coastal cities into a modern Atlantis.
To help pay for the roughly $550 billion in new spending (nearly half is previously approved funding), more than $200 billion in unused coronavirus relief funds will be repurposed, along with $50 billion from a Trump-era rule on Medicare rebates, and another $50 billion from various states’ unused unemployment insurance supplemental funds. Where the rest will come from? Tax hikes and IRS colonoscopies are slated to offset the upcoming social spending bill, assuming Democrats are able to slip both into the reconciliation bill that somehow passes muster for moderate Democrat Senators Joe Manchin (WV) and Kyrsten Sinema (AZ).
In truth, it isn’t paid for at all.
Anyhow, drilling down – in addition to including controversial cryptocurrency tax reporting requirements, the infrastructure bill will invest in the following via Forbes :
Roads and bridges: Headlining the 2,702-page bill ‘s spending, roughly $110 billion of new funds would go toward improving the nation’s roads and bridges, and investments in other major transportation programs.
Public transit: The package also includes the largest-ever federal investment in public transit, allotting $39 billion to modernize systems, improve access for the elderly and people with disabilities, and repair more than 24,000 buses, 5,000 rail cars and thousands of miles of train tracks.
Amtrak: The legislation marks the largest investment in passenger rail since the creation of Amtrak 50 years ago, with $66 billion earmarked for high-speed rail, safety improvements, Amtrak grants and to modernize the […]
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We Often Feel Like David Taking on Giants
Today’s Goliath is the Mainstream Media Industrial Complex that brainwashes the masses.
Our mission is very straightforward: To counter the false narratives and nefarious agendas destroying America today. It isn’t easy for obvious reasons; despite incredible growth over the last year we are still a very tiny fish in a huge media pond. But we’re fighting and we will continue to do so, Lord willing, for as long as we possibly can. The battle for America’s present and future is too important for us to back down to the giants that stand in our way.
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