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Joe Manchin writes for the WSJ: why I won’t support my party’s 3.5T dollar bill
Posted on 9/2/21 at 2:30 pm
Posted on 9/2/21 at 2:30 pm
quote:
The nation faces an unprecedented array of challenges and will inevitably encounter additional crises in the future. Yet some in Congress have a strange belief there is an infinite supply of money to deal with any current or future crisis, and that spending trillions upon trillions will have no negative consequence for the future. I disagree.
An overheating economy has imposed a costly “inflation tax” on every middle- and working-class American. At $28.7 trillion and growing, the nation’s debt has reached record levels. Over the past 18 months, we’ve spent more than $5 trillion responding to the coronavirus pandemic. Now Democratic congressional leaders propose to pass the largest single spending bill in history with no regard to rising inflation, crippling debt or the inevitability of future crises. Ignoring the fiscal consequences of our policy choices will create a disastrous future for the next generation of Americans.
Those who believe such concerns are overstated should ask themselves: What do we do if the pandemic gets worse under the next viral mutation? What do we do if there is a financial crisis like the one that led to the Great Recession? What if we face a terrorist attack or major international conflict? How will America respond to such crises if we needlessly spend trillions of dollars today?
Instead of rushing to spend trillions on new government programs and additional stimulus funding, Congress should hit a strategic pause on the budget-reconciliation legislation. A pause is warranted because it will provide more clarity on the trajectory of the pandemic, and it will allow us to determine whether inflation is transitory or not. While some have suggested this reconciliation legislation must be passed now, I believe that making budgetary decisions under artificial political deadlines never leads to good policy or sound decisions. I have always said if I can’t explain it, I can’t vote for it, and I can’t explain why my Democratic colleagues are rushing to spend $3.5 trillion.
Many in Washington have convinced themselves we can add trillions of dollars more to our nearly $29 trillion national debt with no repercussions. Regardless of political party, elected leaders are sent to Washington to make tough decisions and not simply go along to get along.
For those who will dismiss my unwillingness to support a $3.5 trillion bill as political posturing, I hope they heed the powerful words of Adm. Mike Mullen, a former chairman of the Joint Chiefs of Staff, who called debt the biggest threat to national security. His comments echoed the fear and concern I’ve heard from many economic experts I’ve personally met with.
At a time of intense political and policy divisions, it would serve us well to remember that members of Congress swear allegiance to this nation and fidelity to its Constitution, not to a political party. By placing a strategic pause on this budgetary proposal, by significantly reducing the size of any possible reconciliation bill to only what America can afford and needs to spend, we can and will build a better and stronger nation for all our families.
Good for manchin
Posted on 9/2/21 at 2:33 pm to HailHailtoMichigan!
Question for Joe Manchin:
Joe, why are you still in the damn democrat party? Come on man!
Joe, why are you still in the damn democrat party? Come on man!
This post was edited on 9/3/21 at 9:26 am
Posted on 9/2/21 at 2:34 pm to HailHailtoMichigan!
BS
He will vote for it just like he every time.
That guy is full of crap.
He will vote for it just like he every time.
That guy is full of crap.
Posted on 9/2/21 at 2:34 pm to HailHailtoMichigan!
HHTM is NOT happy about this.
Posted on 9/2/21 at 3:11 pm to HailHailtoMichigan!
Don't be surprised if Dems settle for a minimally downsized bill with some nice pork for West Virginia.
This post was edited on 9/2/21 at 3:12 pm
Posted on 9/2/21 at 3:31 pm to HailHailtoMichigan!
I take what he says with a grain of salt.
Maybe the left needed to up their ante for him to sign off
Maybe the left needed to up their ante for him to sign off
Posted on 9/2/21 at 3:44 pm to HailHailtoMichigan!
He is going to force another RINO to be exposed.
Posted on 9/2/21 at 3:47 pm to HailHailtoMichigan!
quote:
I have always said if I can’t explain it, I can’t vote for it, and I can’t explain why my Democratic colleagues are rushing to spend $3.5 trillion.
Mr. Manchin,
You must look at the evidence to discover the truth. When every stitch of evidence has been reviewed and all other possibilities have been ultimately and incontestably ruled out, then what you are left with (no matter how improbable it seems) is the truth.
So what is the truth in this scenario? Your Democratic colleagues are trying to destroy America. I challenge you to take your bias out of the equation, look at it all for exactly what it is, and see if you can prove me wrong.
Sincerely,
The Axe.
Posted on 9/2/21 at 3:53 pm to HailHailtoMichigan!
He'll waffle and change his mind and carry the party load. It's all a front.
Posted on 9/2/21 at 3:59 pm to HailHailtoMichigan!
They will knock it down to 3.495 trillion and he will jump on board
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