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The Daily Signal Podcast

Infrastructure or Democratic Wish List? What to Know About Those $1.1 Trillion and $3.5 Trillion Spending Bills

The Daily Signal Podcast

The Daily Signal

News, Government, Politics, Daily News

4.61.2K Ratings

🗓️ 10 August 2021

⏱️ 27 minutes

🧾️ Download transcript

Summary

Congress is forging ahead with a $1.1 trillion infrastructure bill. The measure has received bipartisan support, but many conservatives warn that now is not the time to put America in even more debt. 


The government has increased America’s national debt by $5.2 trillion just since the start of 2020, but “adding to that with two more multitrillion-dollar spending packages over and above what they've already spent, that threatens to return us to the kind of inflation that we haven't seen in decades,” says David Ditch, a policy analyst in The Heritage Foundation’s Center for the Federal Budget. 


In addition to the $1.1 trillion infrastructure bill, Democrats are also striving to pass a $3.5 trillion reconciliation package, which includes funding for universal day care, tuition-free community college, and climate change initiatives, among many other things.


“It's important to understand the $3.5 trillion package … would be the largest piece of legislation in the history of the world,” Ditch says. 


Ditch joins "The Daily Signal Podcast” to explain what’s in each bill and the effect such aggressive spending will have on the American people. 


We also cover these stories: 

  • Senate Democrats announce a $3.5 trillion budget they hope to pass through reconciliation, an obscure maneuver that would allow them to get it through the Senate with just 51 votes, sidestepping Republican opposition.
  • One of the women who say New York Gov. Andrew Cuomo sexually assaulted them comes forward to tell her story to the public in detail.
  • The United Nations' Intergovernmental Panel on Climate Change releases a new report full of dire predictions.


Enjoy the show!



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Transcript

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0:00.0

This is the Daily Signal Podcast for Tuesday, August 10th.

0:09.7

I'm Kate Trinco, and I'm Virginia Allen.

0:12.4

Congress is moving ahead with a $1.1 trillion infrastructure bill, a bill that will add

0:18.4

substantially to America's rapidly growing national debt.

0:22.8

On today's show, I talk with Heritage Foundation Federal Budget Policy Analyst David Ditch

0:28.0

about what is specifically included in the $1.1 trillion bill and what its passage could

0:34.1

mean for our economy.

0:35.8

We also discuss Democrats' $3.5 trillion reconciliation package and why so many on the

0:41.9

left say both bills must pass.

0:44.9

And don't forget, if you enjoy this podcast, please be sure to leave a review or a five-star

0:49.4

rating and apple podcast, and please encourage others to subscribe.

0:54.4

And now onto today's top news.

1:04.6

Senate Democrats announced Monday a $3.5 trillion budget that they hope to pass through

1:09.7

reconciliation, an obscure Senate maneuver that would allow them to pass it through the Senate

1:14.9

with just 51 votes.

1:17.2

So what's in the package?

1:18.9

I'm going to read some passages from the statement issued by Senator Bernie Sanders,

1:23.4

who chairs the Senate Budget Committee.

1:25.7

He says, we will address the crisis in child care by making sure that no working family

1:32.0

pays more than 7% of their income on this basic need.

1:36.2

We will provide universal pre-Kinigarden to every three and four-year-old.

1:41.5

We will begin to address the crisis in higher education by making community colleges in

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