- Drew Berquist - https://www.drewberquist.com -

Biden Admits Defeat, Republicans Win On Budget Bill

In a stunning crash of policy and politics, Joe Biden has lost on his budget bill as his poll numbers continue to plummet. The Republicans handed him a thrashing less than a year into his term. They were mightily aided by moderate Democrat Senators Manchin and Sinema. Joe Biden admits his defeat and pathetically tries to spin it in his words below.

FNC: “President Biden on Friday maintained that his spending bill would not add to the deficit and said it likely would not reach $3.5 trillion this year, as moderate and progressive Democrats continue to debate a price tag for the package. But he pledged to continue to push for more spending, saying, ‘we’re going to keep coming because the more we demonstrate it works, the more we can do.’

Biden, during a visit to Connecticut Friday, touted the $1 trillion bipartisan infrastructure bill, and the $3.5 trillion spending plan awaiting approval in Congress, saying they are ‘about strengthening the economy for decades to come.’ Congressional Democrats are targeting the end of October to pass an infrastructure package and reconciliation. That timeline could slip into November or beyond amid the ongoing clashes between moderate and progressive Democrats on the size of the the president’s $3.5 trillion spending plan.”

“Both of these bills spend out over 10 years, take the infrastructure, build all those investments and roads, bridges, highways, high-speed internet, water, clean water, everything represents less than one half of one percent of our economy each year,” Biden said. “If you add it all up, and the cost of the bill … in terms of adding to the deficit, is zero…we’re probably not going to get $3.5 trillion this year, we’re going to get something less than that…But I’m going to negotiate,” he said. “I’m going to get it done with the grace of God…big corporations and the very wealthy will start paying their fair share,” he added.

Biden concluded, “Let me be clear, nobody — and since I got elected when I was campaigning — nobody, who makes under $400,000 a year, which is a lot of money, will see their taxes go up one single penny. Nobody, not one…There’s no reason why, as I said, billionaires should pay a lower tax rate, literally a lower tax rate than a school teacher and a firefighter. I don’t think we should punish anybody, but just pay your fair share. Just pay your fair share.”  Sad, but hilarious and the very lying agitprop that doomed his socialist budget.