New Posts
  • Hi there guest! Welcome to PoliticalJack.com. Register for free to join our community?

Since it's free and won't cost a single penny.

Drumcollie

* See DC's list of Kook posters*
The issue being debated in Washington right now is whether the U.S. should honor its debts for spending that already took place under the last administration.
First there was the 20 Trillion from Previous administrations...You can't just tell the Chinese that you are not going to pay. There is no forgiveness of debt.
 

EatTheRich

President
Horse $hit. The debate is over giving the money that working people earned to those that don't want to work for it.
If you want to discuss repudiating the debt to bond holders who didn’t work for their billions, that’s reasonable. But workers shouldn’t be charged for that anyway.
 

EatTheRich

President
First there was the 20 Trillion from Previous administrations...You can't just tell the Chinese that you are not going to pay. There is no forgiveness of debt.
That’s the point. Raising the debt ceiling means taking responsibility for the debt the government has already contracted; the alternative is just saying you aren’t gonna pay.
 

Spamature

President
And do what???

What would that realistically get us?

What's in the $3.5 trillion reconciliation bill?
By Melissa Quinn, Kathryn Watson

September 30, 2021 / 7:15 AM / CBS News

The 10-year Build Back Better Act would fund everything from free community college to expanded Medicare. Here are some of the major items in the bill. This post will be updated as negotiations reconfigure it.




What's in the Build Back Better Act:
  • Two free years of community college
The legislation provides two years of free community college for all students, regardless of family income. It is anticipated to cost $108 billion.

The bill would also add $80 billion in funding for Pell Grants, which Democrats say hasn't kept pace with the increasing cost of college.

  • Child care and universal pre-K
Every family that applies shall be offered child care assistance for children ages 0 to 5. In all, the plan allocates roughly $450 billion to lower the cost of child care and provide two years of universal pre-K for 3- and 4-year-olds, according to the House Education and Labor Committee.

The panel estimated that this proposal would keep the cost of child care at or below 7% of most families' income.

  • Medicare expansion
This heavily debated provision would expand Medicare to include coverage of dental, hearing and vision services.




Manchin believes the program's solvency should be addressed before it is expanded.

"We need to stabilize it," he told reporters Friday, according to reports. "By 2026, you understand, the trust fund is going to be insolvent."

  • Extended child tax credit
Democrats expanded the child tax credit for 2021 in their $1.9 trillion COVID-19 relief plan, and now want to extend it through 2025.

Under the enhancement, families receive $3,600 per child under age 6, and $3,000 per child age 6 to 18. Most families receive monthly payments of either $250 or $300 per child.

The full expanded child tax credit is available to individuals making up to $75,000 or married couples making up to $150,000.

While Mr. Biden has touted the tax credit's success in lifting children out of poverty, Manchin thinks Democrats' social spending package should impose work requirements for parents who qualify.

"You want to help the children and the parents that are basically providing for those children. There's no work requirements whatsoever. There's no education requirements whatsoever for better skill sets," he told CNN in an interview this month. "Don't you think, if we're going to help the children, that the people should make some effort?"




The House Ways and Means Committee has also endorsed permanent expansions of the earned income tax credit and child and dependent care tax credit.

  • Cut prescription drug prices
Another key provision in the bill is aimed at helping to slash prescription drug prices. Americans on average pay two to three times as much as people in other countries for prescription drugs, according to the White House. Among other things, the legislation allows Medicare to negotiate drug prices. Medicare is currently prohibited by law from negotiating for the best deal.

  • Paid family and medical leave
For the first time in history, the U.S. would have comprehensive paid leave, covering 12 weeks of paid family and medical leave. The legislation would replace at least two-thirds of earnings, up to $4,000 per month, while the lowest-paid workers would receive 80% of their income.

The White House has previously estimated the plan would cost $225 billion over the next 10 years.

  • Climate change
Combating climate change and slowing the rate at which Earth warms will mean transitioning away from fossil fuels, the major source of greenhouse gas emissions.

One provision that Manchin has objected to is the $150 billion "clean electricity performance program," which would pay utility companies that increase their renewable energy supplies by 4% per year. Companies that do not hit this benchmark would face financial penalties. The bill also provides significant funding for forest management and other wildfire control measures.

There are also measures to incentivize the buying of electric vehicles and the construction of charging stations; consumer rebates to homeowners who weatherfit their houses; and financial penalties for oil and gas producers for methane leaks, among other things.

  • Lesser-known provisions
The massive bill has a slew of lesser-known provisions as well.




For instance, the bill would authorize $5 million a year for the Small Business Administration for an entrepreneurial program for formerly incarcerated individuals.

The bill also directs $2.5 billion for the Justice Department to award competitive grants or contracts to local governments, community-based organizations and other groups to support intervention strategies to reduce community violence.


 

EatTheRich

President
According to the Declaration of Independence we have many rights ... life, liberty, and the pursuit of happiness are AMONG them. And according to the Constitution we have more rights than are listed in the Constitution. A right to life implies a right to health care; it implies a right to housing. The right to liberty implies a right to abortion. The right to pursuit of happiness implies a right to seek an education which implies a right to tuition.

Anyway, which is more entitled ... working people insisting that they, too, should be able to live in houses, go to college, or get health care ... or people who don't work insisting on their right, at our expense, to champagne wishes and caviar dreams?
 

Dawg

President
Supporting Member
According to the Declaration of Independence we have many rights ... life, liberty, and the pursuit of happiness are AMONG them. And according to the Constitution we have more rights than are listed in the Constitution. A right to life implies a right to health care; it implies a right to housing. The right to liberty implies a right to abortion. The right to pursuit of happiness implies a right to seek an education which implies a right to tuition.

Anyway, which is more entitled ... working people insisting that they, too, should be able to live in houses, go to college, or get health care ... or people who don't work insisting on their right, at our expense, to champagne wishes and caviar dreams?
Get a lone
Get a home
 

saltydancin

Council Member
With an economy in survival of the fittest fascists mode an infrastructure bill as a buy off about a week to turkey day as SCOTUS Christian Nation interpretation of one nation under God with equal justice under law by granting standing to thieving US Constitution - old glory arsonists whose diatribe of "Eisenhower was a mass murderer war criminal" finds those crooks on Capital Hill "man is God" Bicentennial celebration Klues Klucks duh Klans Federal Lynching churchstate of hate fiefdom enforcement of pure business continuation in those burning Bush's Islam 9/11 Federal Lynching KKK churchstate of hate enforcement "Eisenhower was a mass murderer war criminal" patriot act of suicidal sociopsychopathilogical homicidal human farming governing Americas problems in politics in plain sight 20 years later......
 
Top