Economy

BREAKING NOW: Joe Manchin Calls $3.5 Trillion Spending Package ‘Fiscal Insanity’

posted by Hannity Staff - 9.30.21

Democratic Senator Joe Manchin released a scathing statement Wednesday night on his party’s $3.5 trillion ‘Build Back Better’ plan, asking fellow legislators “how much is enough?” after spending $5.4 trillion since last March.

“Respectfully, as I have said for months, I can’t support $3.5 trillion more in spending when we have already spent $5.4 trillion since last March. At some point, all of us, regardless of party must ask the simple question – how much is enough?” posted Manchin on his Senate website.

“What I have made clear to the President and Democratic leaders is that spending trillions more on new and expanded government programs, when we can’t even pay for the essential social programs, like Social Security and Medicare, is the definition of fiscal insanity. Suggesting that spending trillions more will not have an impact on inflation ignores the everyday reality that America’s families continue pay an unavoidable inflation tax. Proposing a historic expansion of social programs while ignoring the fact we are not in a recession and that millions of jobs remain open will only feed a dysfunction that could weaken our economic recovery. This is the shared reality we all now face, and it is this reality that must shape the future decisions that we, as elected leaders, must make,” he wrote.

“If there is one final lesson that will continue to guide me in this difficult debate ahead it is this: America is a great nation but great nations throughout history have been weakened by careless spending and bad policies. Now, more than ever, we must work together to avoid these fatal mistakes so that we may fulfill our greatest responsibility as elected leaders and pass on a better America to the next generation,” he concluded.

Read Manchin’s full statement here.

FANTASYLAND: Pelosi Says the ‘Dollar Amount’ for Biden’s $3.5 TRILLION Package is Actually ‘Zero’

posted by Hannity Staff - 9.29.21

Speaker of the House Nancy Pelosi continued to tout Joe Biden’s massive $3.5 trillion spending proposal this week, once-again telling journalists that the shocking price-tag will magically cost “zero.”

“It’s not about a dollar amount…the dollar amount, as the president said, is zero. This bill will be paid for,” Pelosi told reporters at the US Capitol.

A frustrated reporter grilled Press Secretary Jen Psaki Tuesday over the Biden administration’s massive $3.5 trillion spending package; asking if the White House understands that somebody ultimately has to pay the price for the spending increase.

“Do you guys acknowledge the broader truth that it does cost somebody?? Right? The cost of the investments the president wants to make, they’re not simply a free lunch, right? Whether they’re going to cost people who smoke cigarettes, or businesspeople, or companies, or rich people… The cost of what the President wants to do falls on somebody, right?” asked one reporter.

“There’s a clear difference between what we’re talking about as it relates to taxpayer funds, or funding that would lead to our debt? Right?” deflected the Press Secretary.

Watch Pelosi’s comments above.

FLASHBACK: Biden, Pelosi Say the $1.9T ‘American Rescue Plan’ Will ‘Cut Childhood Poverty In Half!’

posted by Hannity Staff - 9.30.21

As Democrats rush to pass another $3.5 trillion spending package through Congress this week, users on social media questioned promises made earlier this year when President Biden and Speaker Pelosi both claimed the ‘American Rescue Plan’ would “cut childhood poverty in half.”

“This plan is going to make it possible to cut child poverty in half. Let me say it again: A, significant historic [sic] will cut child poverty in half,” said Biden on March 6.

“Poverty is set to be cut in half this year, with the share of Americans living in poverty set to reach the lowest level on record,” added Nancy Pelosi.

 

 

Democrats now claim the latest $3.5 trillion will actually “cost zero dollars.”

“It’s not about a dollar amount…the dollar amount, as the president said, is zero. This bill will be paid for,” Pelosi told reporters at the US Capitol.

A frustrated reporter grilled Press Secretary Jen Psaki Tuesday over the Biden administration’s massive $3.5 trillion spending package; asking if the White House understands that somebody ultimately has to pay the price for the spending increase.

“Do you guys acknowledge the broader truth that it does cost somebody?? Right? The cost of the investments the president wants to make, they’re not simply a free lunch, right? Whether they’re going to cost people who smoke cigarettes, or businesspeople, or companies, or rich people… The cost of what the President wants to do falls on somebody, right?” asked one reporter.

“There’s a clear difference between what we’re talking about as it relates to taxpayer funds, or funding that would lead to our debt? Right?” deflected the Press Secretary.

Watch Pelosi’s comments above.

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