Every penny of that $3.5 trillion will be returned many times over.

[Kid Berwyn]

Look how the Apollo Program changed the world by going to the moon.



These engineers work on Telstar 1, a pioneering global communication satellite.

“Build Back Better” is an investment in Uncle Sam, the United States of America, We the People.

Unlike the conservatives who oppose it with no plan today and nothing to show for 40-years of Trickle-Down, this investment would create trillions in real value. It is a plan of action for building a better future. Spread over a decade, the money would be returned untold times in sustainability, infrastructure, and quality of life.

[Celerity]

1. Manchin literally, just now, called it 'fiscal insanity'

[Kid Berwyn]

7. Nothing crazy about taxing those who've benefited from all USA provides.

“Taxes are what we pay for a civilized society.” — Justice Oliver Wendell Holmes

[Kid Berwyn]

8. The conservatives negotiate in bad faith to buy time.

President Biden and the Democratic Partyneed to communicate directly to the People that reality — and then use the opportunity to detail exactly what the BBB bill does and for WHOM:

The Build Back Better Bill Is Transformative. So Say It, Democrats.

Typically, Democratic bills that help working people throw a bone to corporate America. But this bill is different. From Biden on down, Democrats need to say that.

by Faiz Shakir
The New Republic/September 27, 2021

Excerpt…

Among two options the White House would do well to consider: First, give President Biden a chance to interact in a town hall setting outside the Beltway with the potential beneficiaries of this bill. Hold an event with real people in some key states, but make it compelling. If you held it in Arizona and invited Senator Kyrsten Sinema to be on stage, do you think the livestream would be popular and the media would tune in? If Biden were interacting with actual Trump voters, wouldn’t we be interested in the back and forth? Now is the time to get creative and put it on the line.

Second, call out the names of those who stand in the way. Biden’s voters need to see what animates him, what causes him to get angry, and who he’s taking on. The truth is that much of the paid advertising against the Working Families Budget is not well understood by the public; much of the corporate lobbying on Capitol Hill isn’t common knowledge out in the country. Reveal it! Call out what the opponents are doing, and thus, you’ll also be able to inform people about the benefits of this legislation. “I ask you to judge me by the enemies I have made,” President Franklin D. Roosevelt urged. Embrace the friction.

Politically, the journey of this bill is almost as important as the destination. How Democrats choose to engage the detractors of this Working Families Budget can send a powerful signal across America about what the party stands for and, importantly, for whom it is fighting. Engaging in a more pointed way with the corporate influencers and their allies would send a great signal about the values of the Biden-led Democratic Party.

Continues…

https://newrepublic.com/article/163791/build-back-better-bill-transformative-say-it-democrats

[Irish_Dem]

4. That's why the GOP doesn't like the bill. It will do a lot of good, be popular,

and boost the economy.

[Kid Berwyn]

9. Precisely.

Building up the Middle Class through public policy is the last thing the Neo Feudalists want. They’ve spent every minute since Reagan’s inaugural to destroy the New Deal and all its benefits.

[Irish_Dem]

15. The GOP only spends money on the rich and the military. Regular people are not important to them.

In fact they will allow a significant portion of the population to die from Covid and guns.

[fescuerescue]

5. Yep Biggest bill in human history.

50 years from now, if we do it right.

People will be talking about this infrastructure funding deal.

[Kid Berwyn]

10. Works, unlike the Trickle Down.

The Build Back Better Agenda Boosts Productivity and Long-Term Economic Growth in Numerous Ways

By Rose Khattar and Nick Buffie
American Progress, September 22, 2021

Excerpt…

Economists agree that Biden’s plan will boost economic growth

The (Penn Wharton Budget Model-PWBM) report does not assess the Biden plan. Analyses of the actual plan reach far different conclusions than those cited by Biden’s opponents. In a rarity for the economics profession, economists—including 15 Nobel Prize winners and more than 70 economists from across the United States—are in agreement: Biden’s actual economic plan is essential to improving our productive capacity and boosting long-term economic growth.

The IMF projects that the American Jobs Plan and American Families Plan—the two halves of the Build Back Better agenda—would increase GDP by around 1 percent in 2030. They found that unemployment would fall to a low of 3 percent, while labor force participation—which continues to struggle—would return to prepandemic levels by the end of next year.

Furthermore, an analysis by Moody’s Analytics projected similar outcomes to the IMF, finding that the Build Back Better agenda would improve economic growth:

The reconciliation package would provide both a near-term boost to the economy given the tax cuts in the plan for lower-income individuals and as spending on the various social programs gears up, and several important long-term economic benefits.

The PWBM report is out of step with growing evidence that Biden’s actual economic plan will build a stronger, more equal economy.

Continues…

https://www.americanprogress.org/issues/economy/news/2021/09/22/504116/build-back-better-agenda-boosts-productivity-long-term-economic-growth-numerous-ways/

[underpants]

6. Any new dollar into an economy rolls over 6 times

Do the math including sales taxes to the local and state level

[Kid Berwyn]

11. Moody's Analytics

Macroeconomic Consequences of the Infrastructure and Budget Reconciliation Plans

Moody’s Analytics, 21 JULY, 2021
Prepared by Mark Zandi, Chief Economist
Bernard Yaros Jr., Assistant Director

INTRODUCTION

Federal lawmakers are feverishly working on another massive fiscal plan, including a nearly $600 billion bipartisan infrastructure deal and a $3.5 trillion package of spending and tax breaks to support a range of social investments that the Biden administration and congressional Democrats hope to pass into law via the budget reconciliation process. While this work is
very much in progress, it is similar in spirit and size to the Build Back Better agenda President Biden proposed earlier this year. If this is close to where the legislation ultimately lands, it
will strengthen long-term economic growth, the benefits of which would mostly accrue to lower- and middle-income Americans. The legislation is more-or-less paid for on a dynamic basis through higher taxes on multinational corporations and the well-to-do and a range of other pay-fors. Worries that the plan will ignite undesirably high inflation and an overheating economy are overdone. The fiscal support it provides is only sufficient to push the economy back to full employment from the recession caused by the COVID-19 pandemic. Because the package includes a myriad of spending and tax initiatives, some of which are new and uncertain, implementing this legislation as intended and in a timely way will take deft governance. In this white paper, we assess the macroeconomic impact of both the bipartisan infrastructure deal and the reconciliation package.

Full report: https://www.moodysanalytics.com/-/media/article/2021/macroeconomic-consequences-infrastructure.pdf

Thing’d directly boost GDP over 1% per annum…that’s about $200 billion per annum — plus the multipliers from increased productivity, reduced carbon emissions, etc etc etc.

[underpants]

12. Thanks. Good info.

[fescuerescue]

13. why would it stop at 6?

Wouldn't it continue forever?

[underpants]

14. I think it dissipates after that

It also just might be the number that’s used to calculate and predict the effect on the market.