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2021-10-01 Home Front: Politix

Nancy Pelosi bails on a vote for Biden's bipartisan infrastructure bill as House progressives launch full revolt

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Posted by Fred 2021-10-01 00:16|| || Front Page|| [12 views ] Top

#1 in other news, popcorn stocks skyrocketed ..

Posted by Warthog 2021-10-01 06:23|| 2021-10-01 06:23|| Front Page Top

#2 The Bipartisan Infrastructure Bill is sometimes said to be $1.2T, sometimes $1T, sometimes $550B

It is, in some ways, all three.

$1.2T is total authorizations but this includes funds that were previously authorized in various Covid relief.

$1T is the amount is you pretend any physical thing is infrastructure.

$550B is the amount of new spending authority.

The amount of useful infrastructure is probably about $200B and of that most is Congressionally designated, a.k.a. port barrel. Some of it is 'green' e.g., replacing diesel buses with electric buses that is almost certain a waste of money but does involve actual products and results in rolling stock that can be used.

Posted by Lord Garth 2021-10-01 08:31|| 2021-10-01 08:31|| Front Page Top

#3 Pelosi admits defeat on infrastructure bill, says 'more time is needed'

Posted by Skidmark 2021-10-01 21:59|| 2021-10-01 21:59|| Front Page Top

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