Joe Biden Accused of Dropping Hyperinflation Bomb on Economy

Joe Biden Accused of Dropping Hyperinflation Bomb on Economy

( – On Friday, November 19, House Democrats passed the nearly $2.3 trillion partisan, semi-socialist, climate change bill labeled “Build Back Better.” The legislation passed 220-213, with all Republicans and one Democrat voting against it. The bill now heads to the Senate, where it’s likely to meet a very different fate. In October, President Joe Biden, moderate Sens. Joe Manchin (D-WV) and Kyrsten Sinema (D-AZ) stripped the bill down and removed many provisions both said they wouldn’t vote for in the bill. Democrats and Republicans are evenly divided in the Senate. If even one Democrat votes against the legislation, it will die swiftly.

On Sunday, Sen. Steve Daines scolded Democrats for the reckless bill. He said the Democrats were injecting borrowed money into the US economy. If the Senate passed the House bill, the Montana Senator stressed that it would raise the national debt by $800 billion over the first five years. Danes called it tantamount to dropping an inflation bomb on the economy.

Normally, the House and Senate Democrats would gather to hammer the legislation to ensure both chambers agreed on the framework. Instead, last week, House Democrats steamrolled the Senate and put controversial measures back in the bill that the two moderate Senators took out in October. It’s likely to force Manchin’s hand. The West Virginia Senator previously stated he’s okay if the bill is at $0, meaning it’s never passed into law.

Stay tuned. This is an ever-evolving situation as Democratic infighting over the legislation continues.

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