It NEVER was going be that much money ….
Like a trying to get a ‘deal’ on anything….
You start off high ……
Then bargin down….
For Biden , Pelosi and Schumer?
It isn’t the Republican, we keep pointing out…
It’s his own party members in the Senate and now the House….
( Dem Senator Manchin is already up on his $1.5 trillion original holding amount…Dem Senator Sinema will have to also budge somewhat)
And all THAT ?
Makes talking about the filibusters is really just talk….
President Biden WILL accept cuts in the end to opening figure….
It just how much…..
President Biden and Democratic leaders in Congress in recent days have slashed their ambitions for a major expansion of America’s social safety net to a package worth $2.3 trillion or less, which will force hard choices about how to scale back a proposal that the president hopes will be transformational.
The figure is substantially less than Mr. Biden’s earlier plan, which called for $3.5 trillion in new spending and tax cuts to spur a generational expansion of government in Americans’ lives, including efforts to fight climate change and child poverty, increase access to education and help American companies compete with China.
Democratic leaders will probably need to narrow their plans for free community college, child tax credits and universal prekindergarten so they are offered only to lower- and middle-income Americans, according to party members involved in the negotiations.
The White House is also debating whether to try to keep as many programs as possible, by cutting their duration or reach, or to jettison some initiatives entirely to keep others largely intact, according to people familiar with the discussions.
The cuts represent a blow to Mr. Biden’s agenda, but the remaining plans would still deliver significant benefits to a wide range of Americans. Mr. Biden and his aides have known for months that they would most likely need to reduce the size and scope of his plans to satisfy moderates in his party. But the president has stressed, in public and in private conversations with Democrats, that even a smaller bill could shift the landscape of the American economy and help the party hold power in midterm elections next year.
“These bills are about competitiveness versus complacency,” Mr. Biden said Tuesday in Michigan, where he spoke at a union hall to promote not only the policies in his spending bill, but a smaller, bipartisan infrastructure bill that has passed the Senate but not the House. “They’re about opportunity versus decay.”….
In a virtual meeting with about a dozen liberal Democrats on Monday, Biden suggested a package in the range of $1.9 trillion to $2.2 trillion for the safety-net bill, according to people with knowledge of the private discussion — significantly lower than his initial goal of $3.5 trillion….
“Democrats in both chambers are now eyeing a price tag in the roughly $2 trillion range, down from the initial $3.5 trillion,” Politico reports.
“Pelosi held a call with leadership and committee chairs today that broached one of the trickiest questions the party faces — whether to prioritize as many new programs as possible in the bill, even if they don’t last long, or to narrow the bill’s scope and focus on cementing the legacy of new programs.”
Said Pelosi: “The theme among members is to do fewer things better.”
image….NY Times
Gee I thought it was going to stay at 3.5 Trill.
Glad we have you here to state the obvious.
Exactly who were these “lawmakers” who actually thought the figure wouldn’t change?
Whatever happened to the $6 trillion?
After all, it takes real cash for that bloodthirsty Bolshevik ideologue, Commissar J. Biden, to launch America into Marxist Socialism (= the 20th century anywhere else).
The New Budget Deficit
The federal government’s budget deficit for FY 2021 was nearly $2.8 trillion, according to a new estimate from the Congressional Budget Office.
Punchbowl News: “While still enormous, that’s actually better than FY 2020’s record budget deficit by $362 billion, CBO noted. That’s because revenue was up significantly from the year before — by more than $620 billion — while spending stayed consistent with estimates. This shows just how far the U.S. economy has recovered from its pandemic lows — and how far it still has to go.”