Get Ready for Massive U.S. Inflation - What's in the $1.2 Trillion Bipartisan Bill6 Nov 2021 13:05
Just to change the subject. The following items are supposedly included in the $1.2Trillion dollar "Infrastructure" Plan:
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$400 billion for childcare and universal preschool. The plan is designed to save most American families more than half of their spending on childcare by providing two years of free preschool for every 3- and 4-year-old in America and additional funding for childcare.
$150 billion for home care. This funding expands home care for seniors and the disabled.
$200 billion for Child Tax Credit and Earned Income Credit. The proposal extends the expanded Child Tax Credit for one year and provides additional funds to extend the expanded Earned Income Tax Credit.
$150 billion for home care. This would expand access to high-quality home care for older Americans and people with disabilities.
$555 billion for clean energy and climate. The plan proposes cutting greenhouse gas pollution by over a gigaton in 2030, reducing consumer energy costs, helping to create more clean air and water, and creating hundreds of thousands of jobs.
$130 billion in ACA credits. This money will be used to expand affordable healthcare coverage, reduce premiums for more than 9 million Americans, and deliver healthcare to uninsured people in states that are not enrolled in expanded Medicaid coverage.
$35 billion Medicare hearing coverage. While dental and vision coverage did not make the cut, Medicare recipients will have coverage for hearing aids and hearing tests.
$150 billion for housing. The plan invests in affordable housing, including construction and rehabilitation of homes, as well as investments in rental assistance and housing vouchers.
$40 billion higher ed and workforce. The legislation will increase Pell grants and provide post-high school education opportunities including through apprenticeship programs for underserved communities.
$90 billion for equity and other investments. Spending in this area will be designed to achieve equity through investments in maternal health, community violence interventions, and nutrition according to the Whitehouse.
$100 billion for immigration. This is part of the framework, but also separate, since it requires a ruling by the Senate parliamentarian. This would constitute an investment to reform the immigration system, reduce backlogs, expand legal representation, and make border processing more efficient and humane.
All this case sloshing around the U.S. financial system, together with the "real" infrastructure spend, should see us gain through both the demand for metals for building infrastructure and the efforts of people to stay one step ahead of hyper-inflation.
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I've been waiting almost two years for this moment. Now I'm going to see if the U.S. Democrats will succeed in making me rich whilst making their country poor.
GLA
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