Between the infrastructure bills, Biden’s approval rating and China’s new top standing the US could be in serious trouble

November 21 – Could the United States be going the way of Rome? Will our way of life ultimately collapse at some point?

No one can really predict the future, but some recent events have a lot of people wondering.

The US House of Representatives will vote on the Build Back Better Bill today, a $1.75 trillion package of soft infrastructure projects that will, in the end, add billions of dollars to the federal deficit.

One Democrat from Maine has said he will not vote for it. The Democrats only have a four-vote margin in the House, but it looks like the votes are there to pass it.

The Congressional Budget Office (CBO) issued their score on it yesterday. The House will likely pass it and the big question is what will the Senate do?

Attorney Clint Barkdoll, Pat Ryan and Michele Jansen discussed where our country is headed recently during the Big Talk on First News.

Barkdoll said, “Assuming the Senate makes changes to it, it will then have to go back to the House again. It’s still unclear at this point whether the votes would be in place in both Chambers to get this passed.”

Ryan said, “These irresponsible lawmakers. We saw the scoring from the CBO. It’s a fail, isn’t it?”

Barkdoll said, “According to the CBO it would add about $360 billion to the federal deficit over the next 10 years. Biden said this would be a neutral package that it might even produce revenue. CBO is saying no. They’re showing a deficit of about $360 billion. That is a problem. I think you’re going to hear more about that. Remember you’ve got other independent agencies, including the Penn Wharton School. They’re saying this package really is going to cost closer to $4 to $5 trillion. Not the $1.75 trillion. So there’s a lot of conflicting information about that and I bring that up because Joe Manchin keeps citing these other independent sources as saying this bill is actually way more expensive than Congress and the federal government is letting on.”

Jansen suggested, “People need to call the 13 Republican Congress people who gave them the infrastructure bill because that’s probably what gave courage to the so-called moderate Democrats in the House. They needed three. They could have lost three and they would have lost this. Well now at least two of them are saying they have the courage to vote for this. Thank you 13 Republicans who voted for the infrastructure bill because you probably helped give them that courage. If they would have lost out on that bill, I don’t think they would have had the courage to do this. So call Brian Fitzpatrick of Pennsylvania and let him know how happy you are that he gave courage to the House members who are now voting for this nightmare of a socialism bill. We can’t have any version of Build Back Better get through. No version. I don’t care how much they cut it down. Zero. This bill should be killed. Period.”

Barkdoll pointed out, “The other part of that that gets lost in that earlier infrastructure package, remember there were 19 Republican Senators that voted for this, including Mitch McConnell and Lindsey Graham and some other very conservative Senators. So you take 19 out of 50, that’s a very high percentage of the Republican delegation in the Senate that also voted for this. It remains to be seen what those 19 are now going to say about this new 1 ¾ trillion dollar package. Everyone’s assuming that there’s this 50/50 split. There could be a handful of Republicans in the Senate that get on board with this additional package as well.”

Add to that the fact that President Biden’s approval rating is down to 36% and it’s hard to say what will happen in this country.

Biden’s rating is the lowest approval rating that they’ve measured. It’s much lower than past presidents – including Donald Trump.

Barkdoll said, “(Biden’s) really losing any kind of bully pulpit or authority to get things done. I don’t know how he pushes any kind of an agenda and when you get into the crosstabs of those polls, his support is very soft even among Democrats and among Independents and of course that’s a key part of what got him elected and when he’s down into the low 30s with those sort of constituencies, he is in big trouble. He’s not even a year into this term.”

Ryan added, “Look at China, too. China now has overtaken the United States.”

A study released yesterday shows China has now surpassed the US as the world’s richest country. It includes gross domestic product, real estate values, income, wage growth.

Barkdoll said, “We kind of all knew this was building, but it’s very stark to see that come out officially. Not a good sign for the US and it confirms what we’ve all been talking about for years now, that China is getting very big and very powerful.”