Inflation Reduction Act: 8/12/22 - $740B Bill PASSES, Biden signs it into law!

[Pressure]

I remember when the president had what they call a “bully pulpit”. Very different when you have the president of your own party calling you out than a senator.

He just called them out in private and in public.

 

[ZoeGod]

This bill not getting passed. The dems just need to get more seats next year an pass the bill they want.

Dems are projected to lose the House because of gerrymandering. They will maintain control of the Senante but this is a replay of the Obama presidency post 2010. Even if Biden wins in 2024 nothing will be done in Washington and there will be deadlock because the GQP will simply obstruct anything Biden wants done. So they have to pass this to show their voters they did something and possible help them to maintain control the Senate and presidency in 2024.

 

[ill_will82]

 

[Hood Critic]

I don't understand how the media keeps framing this as an avoidance rather than what it is - kicking the can down the road.

 

[Hood Critic]

Nobody on tv is doing it better

 

[the cac mamba]

You're the one saying it matters. If it does then the solution is to Raise the taxes considering we just lowered them .

We do collect taxes. There's short-term gain and long-term gain. Universal pre-K is long term gain. More of those kids will be able to get jobs, aka pay taxes. Post office cash checking and medicare negotiation of medicine generates and saves money upfront. Climate change.... well if you don't want to clean up pollution and stave off long-term effects (rising oceans, increase greenhouse gases, etc), then just say "let it all burn".

theres nothing wrong with saying "i want to run up massive debt to pay for the social programs i want"

so just fukkin say it what's with this disingenuous bullshyt?

 

[Pressure]

theres nothing wrong with saying "i want to run up massive debt to pay for the social programs i want"

so just fukkin say it what's with this disingenuous bullshyt?

If you raise and enforce taxes you can have social programs without incurring debt.

The disingenuous part here is the suggestion that a 3.5tn infrastructure bill is 3.5tn in debt.

 

[the cac mamba]

If you raise and enforce taxes you can have social programs without incurring debt.

The disingenuous part here is the suggestion that a 3.5tn infrastructure bill is 3.5tn in debt.

oh, but suggesting that it "actually costs 0" isn't

 

[storyteller]

theres nothing wrong with saying "i want to run up massive debt to pay for the social programs i want"

so just fukkin say it what's with this disingenuous bullshyt?

You're missing what they're saying...taxes raise revenue which is then used to pay down the debt. They're not saying "I want to run up massive debt to pay for the social programs" but rather, "I want to raise taxes to pay for the social programs without increasing the debt." The debt doesn't go up because the taxes pay for the programs.

 

[the cac mamba]

You're missing what they're saying...taxes raise revenue which is then used to pay down the debt. They're not saying "I want to run up massive debt to pay for the social programs" but rather, "I want to raise taxes to pay for the social programs without increasing the debt." The debt doesn't go up because the taxes pay for the programs.

i dont disagree with doing that

but you're talking about perpetuity, when you could just straight up seize the 1 percent's wealth and it runs the government for half a year. then what?

lets rob bezos and zuckerberg of everything, tomorrow, all 250 billion. then next year they're broke. where do we go next year?

 

[AquaCityBoy]

"b-B-bUt wEs vUrGiNyA iZ n0t cAl1F0rN1A!!!11"

 

[Pressure]

i dont disagree with doing that

but you're talking about perpetuity, when you could just straight up seize the 1 percent's wealth and it runs the government for half a year. then what?

lets rob bezos and zuckerberg of everything, tomorrow, all 250 billion. then next year they're broke. where do we go next year?

What does the federal government gain by having zero debt or a surplus?

 

[the cac mamba]

What does the federal government gain by having zero debt or a surplus?

not having to print more, which leads to inflation . actually funding things. not having to talk about things like social security running out

breh, i just explicitly said i dont care about the debt like 20 posts ago. im not tryna argue with anyone in here

but if it makes you feel better, you can act like all this shyt isnt gonna collapse some day. like i said, we won't be around for it. i don't care

 

[storyteller]

i dont disagree with doing that

but you're talking about perpetuity, when you could just straight up seize the 1 percent's wealth and it runs the government for half a year. then what?

lets rob bezos and zuckerberg of everything, tomorrow, all 250 billion. then next year they're broke. where do we go next year?

Thats...not how taxation works.

 

[ill_will82]

"b-B-bUt wEs vUrGiNyA iZ n0t cAl1F0rN1A!!!11"

Man fukk this dude he so full of shyt. Him & Sinema both need to be primaried after this shyt is resolved. If the Dems don't get anything passed they both need to be challenged by democrats in their own states.