So-called infratructure bill will create no economic growth - U of PA study says | Beaufort County Now | Tillis and Burr negotiated this boondoggle with Biden and support it

Coronavirus Disease 2019 (COVID-19)

The University of Pennsylvania's Penn-Wharton Budget Model is one of the most respected budget analysis reports on federal budgets and spending, along with the CBO analysis.  For the "bi-partisan" bill negotiated between Biden and a group of RINOs including Thom Tillis and Richard Burr called loosely an "infrastructure" bill, the Penn-Wharton Budget model says it will produce no measurable economic benefit either short term by 2030 or long term by 2050 in terms of boosting such things as jobs or GDP.

The bill will produce $548 billion in additional spending, $132 billion in new taxes, and add $351 billion to the deficit.    The total cost is $1.2 Trillion but part of that is repurposing unspent money from Covid relief bills.

The other major analysis, by the Congressional Budget Office says the bill will add $256 Billion to the deficit.

With inflation already raging, this bill will only fan the flames to push it higher.

,https://budgetmodel.wharton.upenn.edu/issues/2021/8/5/updated-bipartisan-senate-infrastructure-deal

https://www.breitbart.com/politics/2021/08/05/study-so-called-bipartisan-infrastructure-bill-creates-no-significant-economic-growth/

https://www.cbo.gov/publication/57406

Of the major candidates in the 2022 US Senate primary in North Carolina, only Congressman Ted Budd has come out in opposition to this bill.  The other two major candidates have been silent.

While the bill has a little bit of infrastructure dressing, most of it is green new deal or social spending.


Go Back




Comments

( August 7th, 2021 @ 10:48 am )
 
This hodgepodge of horrible horrors bill is so bad on so many levels. It could be called the Big Brother Bill just on the privacy and heavy handed governmental intrusion aspects alone. Going down the list of things included in this so called infrastructure bill there's really very little good in it.

Could North Carolina have any less Senate representation? Repeal the 17th Amendment. What on earth could we have to lose?
( August 6th, 2021 @ 10:02 am )
 
This Tillis-Biden-Burr monster is a corrupt boondoggle for the green energy grifters:
redstate.com
( August 6th, 2021 @ 7:16 am )
 
The bill hit a snag when lawmakers in the Senate have filled nearly 300 amendments to the bill. www.zerohedge.com
( August 6th, 2021 @ 6:41 am )
 
The RINOs could not wait to get on board with the hidden liberalism that is in this bill. Complain to the Republican Party in Raleigh if you want to make a difference.
( August 5th, 2021 @ 8:43 pm )
 
Tillis and Burr are supporting national milage tax in their "infrastructure" bill. The bill sets up a pilot program for a tax on how many miles you drive your car or truck. This also has serious privacy implications. redstate.com



Biden Admits Eviction Moratorium Unconstitutional Rant & Rave, Editorials, Beaufort Observer, Op-Ed & Politics Forgetting our Christian Heritage is national suicide


HbAD0

Latest Op-Ed & Politics

The World, the "President's" constituents, and America's patriots got a full on dose of something not witnessed in my lifetime - the roadmap for the dissolution of a presidency, and as intellectually frail as it might have appeared, it is now in the pronounced period of dénouement.
White House Press Secretary Jen Psaki said on Tuesday that the situation in Eastern Europe has grown so dire that “we are now at a stage where Russia could at any point launch an attack in Ukraine.”
Writing "In God We Trust" on his cars and trying to buy loyalty and silence with arbitrary raises and position reclassifications will only keep maligned staff quiet for a short while.

HbAD1

Florida Republican Governor Ron DeSantis slammed Democrat President Joe Biden in remarks this week during an interview, saying that there were a lot of problems around the country with “Brandon,” a name used to mock Biden, in office.
Jeffrey Epstein, the wealthy pedophile who was found dead in his New York City jail cell in 2019 as he faced new criminal charges, reportedly visited then-President Bill Clinton’s White House numerous times and brought several women.
On the Fourth of July, Missouri Congresswoman and outspoken ‘Defund the Police’ advocate, Cori Bush tweeted this statement.
Democratic U.S. candidate Cheri Beasley tweeted Wednesday that if she had been in the Senate, she would have voted in favor of the Freedom to Vote Act and the John Lewis Voting Rights Advancement Act.
Judges in redistricting trial refused to sanction defendants over maps drawn by Rep. Destin Hall and staffers during "strategy sessions."

HbAD2

The Republican Lieutenant Governors Association (RLGA), a caucus of the Republican State Leadership Committee, today announced its 2022 Executive Committee.
even France announces it may move in same direction
The General Assembly returned to Raleigh this week to act on two pieces of legislation including HB 605
Less than a week before lawyers on both sides of the case were scheduled to head to the N.C. Court of Appeals, a lawsuit challenging key decisions in North Carolina’s Medicaid “transformation” is going away.
Today, Republican National Committee (RNC) Chairwoman Ronna McDaniel released the following statement on Biden’s disastrous first year in office
I see that Ernie had a fund raiser in Bath Saturday night that was well attended by his staff and a few other people.
On Friday, the Biden administration revealed it has information indicating Russia has planted operatives in eastern Ukraine to conduct a false-flag operation in order to provoke a Russian intervention.
Today’s oral arguments at the U.S. Supreme Court about the Biden administration’s vaccine mandate produced a fascinating exchange, courtesy of Justice Amy Coney Barrett.

HbAD3

 
Back to Top