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Calista241

(5,633 posts)
Wed Nov 10, 2021, 10:14 PM Nov 2021

Manchin may delay Biden social spending plan over inflation

This discussion thread was locked as off-topic by Omaha Steve (a host of the Latest Breaking News forum).

Source: Axios

Red-hot inflation data validates the instinct of Sen. Joe Manchin (D-W.Va.) to punt President Biden’s Build Back Better agenda until next year — potentially killing a quick deal on the $1.75 trillion package, people familiar with the matter tell Axios.

Why it matters: The data released Wednesday set the president and White House staff scrambling. Slowing down work on the massive tax-and-spending plan is against the fervent desire of the administration and House progressives.

With a limited number of legislative days left in the year, Manchin is content to focus on the issues that need to be addressed, Axios is told. They include funding the government, raising the debt ceiling and passing the National Defense Authorization Act.

Manchin, like a group of House moderates, also wants to see a Congressional Budget Office analysis of the true cost of each of Biden’s proposed programs, as well as the tax proposals to fund them.

Read more: https://www.axios.com/manchin-chill-bbb-6b58cd70-6c07-40f9-af4e-c944a7b3a39d.html

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Manchin may delay Biden social spending plan over inflation (Original Post) Calista241 Nov 2021 OP
He is wrong. The BBB bill isn't or wouldn't contribute to inflation. The reason we have inflation JohnSJ Nov 2021 #1
Hes basically made it clear he wouldn't vote for it as long as the BIF gets passed. ColinC Nov 2021 #3
Something will pass JohnSJ Nov 2021 #4
If it does it won't be in this congress. ColinC Nov 2021 #7
there... myohmy2 Nov 2021 #18
Then it's never. ColinC Nov 2021 #19
Simple fix: block the debt ceiling until Manchin agrees to pass BBB Fiendish Thingy Nov 2021 #2
Not a wise thing to do, gambling with disaster JohnSJ Nov 2021 #5
GOP Strategies are used because they are affective. ColinC Nov 2021 #8
Not passing BBB will mean disaster for the working poor, children and the planet Fiendish Thingy Nov 2021 #15
Does this surprise anyone? Bettie Nov 2021 #6
Sigh. Joinfortmill Nov 2021 #9
Stupid move Dopers_Greed Nov 2021 #10
If this is true, I've lost all respect for Manchin. He gave his word that iluvtennis Nov 2021 #11
Of course he is Rebl2 Nov 2021 #12
Did Manchin see what the 1.5 trillion tax cut in 2017 did... turbinetree Nov 2021 #13
CBO Scoring Is A Good Idea DallasNE Nov 2021 #14
Plenty of Americans and pension funds invest in commercial and government Deminpenn Nov 2021 #21
It's 'Whack A Mole' With Manchin WHITT Nov 2021 #16
WHO THE HELL DO THIS CLOWN THINK HE IS ? ------ monkeyman1 Nov 2021 #17
He reminds me of Lucy left-of-center2012 Nov 2021 #20
After a review by forum hosts....LOCKING Omaha Steve Nov 2021 #22
 

JohnSJ

(98,883 posts)
1. He is wrong. The BBB bill isn't or wouldn't contribute to inflation. The reason we have inflation
Wed Nov 10, 2021, 10:19 PM
Nov 2021

is because of the mismanagement of the pandemic by trump and associates, the trade wars, etc., which contributed to inflation by artificially causes shortages

ColinC

(11,098 posts)
3. Hes basically made it clear he wouldn't vote for it as long as the BIF gets passed.
Wed Nov 10, 2021, 10:30 PM
Nov 2021

I expect him to follow through with not voting for it.

 

JohnSJ

(98,883 posts)
4. Something will pass
Wed Nov 10, 2021, 10:37 PM
Nov 2021

ColinC

(11,098 posts)
7. If it does it won't be in this congress.
Wed Nov 10, 2021, 10:51 PM
Nov 2021

If we have more seats the next congress, then i would feel that prospect more promising.

myohmy2

(3,721 posts)
18. there...
Thu Nov 11, 2021, 03:00 AM
Nov 2021

...won't be a 'next congress'...

...without a significant Social Climate BBB bill, the people's bill, many just won't show up...

...the pukes will be energized, our people will have totally given up and don't forget, given a little time and plenty of money trump and his pukes have known to turn average distraught Americans into voting idiots...

...it's now or never...

ColinC

(11,098 posts)
19. Then it's never.
Thu Nov 11, 2021, 03:05 AM
Nov 2021

I'm resigned to that idea and really really hope I'm wrong.

Fiendish Thingy

(23,219 posts)
2. Simple fix: block the debt ceiling until Manchin agrees to pass BBB
Wed Nov 10, 2021, 10:28 PM
Nov 2021

Crashing the world economy would inflict pain on Manchin and his donors.

Either block the debt ceiling, or include in the BBB so that the bill must pass in order to save the economy.

 

JohnSJ

(98,883 posts)
5. Not a wise thing to do, gambling with disaster
Wed Nov 10, 2021, 10:39 PM
Nov 2021

ColinC

(11,098 posts)
8. GOP Strategies are used because they are affective.
Wed Nov 10, 2021, 10:52 PM
Nov 2021

Not because they are moral.

Fiendish Thingy

(23,219 posts)
15. Not passing BBB will mean disaster for the working poor, children and the planet
Thu Nov 11, 2021, 01:18 AM
Nov 2021

So it’s a fair trade off IMO.

Bettie

(19,702 posts)
6. Does this surprise anyone?
Wed Nov 10, 2021, 10:41 PM
Nov 2021

He wanted the BIF. He got that, so now he says "fuck you" to the people who need the BBB. They don't matter to him.

Joinfortmill

(21,157 posts)
9. Sigh.
Wed Nov 10, 2021, 10:52 PM
Nov 2021

Dopers_Greed

(2,647 posts)
10. Stupid move
Wed Nov 10, 2021, 10:52 PM
Nov 2021

Considering that the BBB plan would help the average American with the inflation problem...

iluvtennis

(21,497 posts)
11. If this is true, I've lost all respect for Manchin. He gave his word that
Wed Nov 10, 2021, 11:19 PM
Nov 2021

to President Biden that he supported the BBB social spending program framework.

And now he’s going back on his word. Rep Jayapal and the progressives must be feeling really used:

I’m sending out positive vibes that this story isn’t true.

Rebl2

(17,738 posts)
12. Of course he is
Wed Nov 10, 2021, 11:35 PM
Nov 2021

Why is nobody talking about the drop in the deficit? Is it no big deal? Seems like it should be!

turbinetree

(27,545 posts)
13. Did Manchin see what the 1.5 trillion tax cut in 2017 did...
Wed Nov 10, 2021, 11:52 PM
Nov 2021

to the average person in this country ......my tax rate will go up after 2005....and this &^%$#()@?: is worried about what ......hell the tax cut isn't paid for.....

DallasNE

(8,007 posts)
14. CBO Scoring Is A Good Idea
Thu Nov 11, 2021, 12:19 AM
Nov 2021

Why hasn;t it already been perofrmed.

Manchin should know better that to raise the false flag on inflation. If he really wants to know where inflation is headed once we ar past the supply chain issues behind. The best measure of that is interest rates - one of the leading indicators on the economy. Indeed, this is a Republican talking point so it is unreliable to begin with.

Deminpenn

(17,504 posts)
21. Plenty of Americans and pension funds invest in commercial and government
Thu Nov 11, 2021, 07:53 AM
Nov 2021

bonds as a safe investment that would provide them interest income. The run of extremely low inflation has made the yield from those investments miniscule. It has also limited COLAs in social security and pensions like CSRS. There were several years where there was no COLA at all because inflation was non-existant. Inflation helps income catch up with prices. Even the Fed has a target yearly inflation of 2-3%.

The recent inflation was to be expected as the world economies were artificially shut down during the pandemic. The rebound was always going to be strong from pent up demand and businesses having to re-open and gear up production rapidly. Inflation was always going to be temporary as well, but a year or two of 5-6% isn't the end of the world.

WHITT

(2,868 posts)
16. It's 'Whack A Mole' With Manchin
Thu Nov 11, 2021, 01:27 AM
Nov 2021

He said the BBB was too expensive, but the cost is $0. He claims he's worried about the federal debt, but the BBB pays down debt. He claims he's worried about inflation, but the BBB is not inflationary, as it's paid for, unlike his BIF, which will add hundreds of billions to the federal debt. He claims he's concerned the BBB would create an "entitlement society", but he's driving a Maserati and living on a giant yacht.

 

monkeyman1

(5,109 posts)
17. WHO THE HELL DO THIS CLOWN THINK HE IS ? ------
Thu Nov 11, 2021, 02:35 AM
Nov 2021

THIS BUZZARD BAIT GUY NEED'S TO DO HIS HOME WORK & START HELPING PEOPLE AND DO HIS DAMN JOB ! HE IS OF NO USE TO THE U.S. PEOPLE & JUST A ANOTHER -ME-ME-ME - TFG ! 2 people can f%#k -up a whole country , wtf !

left-of-center2012

(34,195 posts)
20. He reminds me of Lucy
Thu Nov 11, 2021, 06:22 AM
Nov 2021

Lucy pulling the football away from Charlie Brown.

Omaha Steve

(109,221 posts)
22. After a review by forum hosts....LOCKING
Thu Nov 11, 2021, 08:09 AM
Nov 2021

Analysis of what may happen is not LBN.

Post the latest news from reputable mainstream news websites and blogs. Important news of national interest only. No analysis or opinion pieces. No duplicates. News stories must have been published within the last 12 hours. Use the published title of the story as the title of the discussion thread.



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