In the 1940s and 1950s, state and local government debt was much lower than today. Federal, state, and local governments grew substantially during the 20th century. Spending, revenue, and debt increased as the population grew, and the government invested more in infrastructure, education, and social programs. Leading up to the Great Recession that began at the end of 2007, total state and local government debt increased sharply. It has been falling since 2010 but increased between 2019 and 2020.
It does not matter what the ten programs are because the Republicans disagree with every one of them. The false presentation of the proposed legislation is the problem here, not the Fake price tag declared by the CBO. The other issue is the exploding National Debt. Since the start of the Pandemic, the debt has risen from $22.7 Trillion to $27.8 Trillion. That increase belongs to both Trump and Biden.
Given that the average US home price is only $270,000, it means that the average family is paying more for the government’s debt than they are for their own home. The average family of 4 is essentially making payments on a small house for themselves, and a big house that our congress decided to buy. The average family’s taxes could go down nearly $2,300 dollars per month if they weren’t supporting this national debt.
That is where politics and reason have gone in Washington. It is all fun and games as the backroom deals determine the fate of a bill and the future of our country. Our ace in the game is that the filibuster survives this battle. If this comes down to reconciliation, then the bill has a 50-50 chance. If the filibuster in the Senate survives, then this bill is dead on arrival.
When most people hear “infrastructure,” they think of roads, bridges, tunnels, and so on. But the Biden administration’s definition of the term is Olympian-gymnastics-level flexible. Apparently, the president considers it “infrastructure spending” to allocate $213 billion to build or retrofit 2 million “sustainable” houses and buildings. They also slip in $40 billion for public housing, stating this will “disproportionately benefit women, people of color, and people with disabilities.”
The recent passing of the $1.9 trillion relief package by House Democrats exposes, once again, the corrupt method used routinely to ensure passage of legislation that is weak or politically biased.