Biden Battles His Base

As the ongoing Democrat civil war threatened to derail President Biden's entire "Build Back Better" agenda, the White House announced late last night that the president was delaying his flight to Europe so he could present a "framework" deal to the House Democrat Caucus this morning. 

Remember, far-left socialists in the House of Representatives are blocking passage of the "smaller" $1.2 trillion physical infrastructure bill because they want to ensure their priorities are included in the bigger $3.5 trillion "Build Back Better" / reconciliation bill, as Biden calls it. (More accurately, it's a "Tear Down Faster" bill.) 

Biden desperately wants "a win" on his radical climate change agenda before he goes to Glasgow with virtually the entire cabinet. (Apparently, it requires a lot of people to surrender our sovereignty on the altar of climate change.) And there's a lot of radical environmental policies even in the "smaller" $1.2 trillion physical infrastructure bill.

So, instead of letting congressional Democrats continue to fight over the details of the larger reconciliation bill, Biden is now telling them what the bill will be. The White House proposal for the reconciliation bill now stands at $1.75 trillion. Between the two bills, Biden wants to spend another $3 trillion. He must really like inflation!

The largest part of the new reconciliation bill is $555 billion for the radical Green New Deal, policies first pushed by socialist Alexandria Ocasio-Cortez. The main way the bill's costs are paid for is by putting the IRS on steroids to squeeze $400 billion in new revenue out of taxpayers through additional audits. (You can read more details here.)

Later today, Speaker Nancy Pelosi is putting the $1.2 trillion physical infrastructure bill on the House floor for a vote, daring the House Progressive Caucus to torpedo it all.

Senator Bernie Sanders is furious, and is reportedly urging House Progressives to tank the physical infrastructure vote, which they seem likely to do. 

Is it possible our economy will escape the crushing impact of these socialist policies? Perhaps, but I'm not betting on it.