by confoundedinterest17
Effectively, the US Senate “Bipartisan” infrastructure invoice will probably go very shortly. And it’s EXPENSIVE ($1 trillion +), type of like the dual asteroids within the movie “Deep Influence” the place the bigger meteor, the $3.5 trillion funds decision coming proper behind the smaller meteor.
Right here is the two,702 web page infrastructure invoice. Sure, 2,702 pages of pork-barrel spending with zero financial affect.
In line with the Penn Wharton Funds Mannequin, there isn’t a financial affect to the Senate’s infrastructure invoice, however there will probably be a rise in Federal debt of 1.3% by 2031.
To make certain, repairing roads and bridges is an ongoing Federal expenditure, however why isn’t there extra spending on safety in opposition to EMP (electromagnetic pulse) that would fry our electrical grid and ship our financial system again to the stone age? Frankly, I’d fairly see spending on defending our electrical grid that spend $66 billion on Amtrak or the $16 billion on electrical buses, and so on.
The primary of those two asteroids will lead to a large enhance in Federal debt with no corresponding enhance in GDP. Thus, M2 Cash Velocity (GDP/M2 Cash Inventory) will sink even additional.
Right here is a photograph of the dual asteroids (spending payments) which can be approaching the US financial system. And video!
The place does it finish?
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