Saturday, February 27, 2021

House Passes $1.9 Trillion "Stimulus" Package

Early on Saturday morning, the Democratic-controlled House voted 219-212 to pass the Biden Administrations' $1.9 trillion stimulus package, which includes $1,400 personal checks to most Americans. Every Republican voted against the bill, as did two Democrats. 

The bill now moves to the Senate, where another vote will take place.

The package is, of course, highly price inflationary as the federal government does not have the funds to pay for the programs in the bill, thus, resulting in the Federal Reserve Bank creating money out of thin air to support the spending.

The two Democrats who voted against it are Rep. Kurt Schrader, D-Ore., and Jared Golden, D-Maine.

“It's a great day for us to take a vote to reduce the spread of this virus...put vaccinations in the arms of the American people, money into the pockets, children into the schools, workers back into their jobs, so that we can go forward," House Speaker Nancy Pelosi said before the vote. "I salute President Biden for his American Rescue Plan." 

No Senate Republicans are expected to support the bill, so the president will have to count on every one of the 50 Democratic senators--and a tie-breaking 51st vote from Vice President Kamala Harris-- for the bill to pass.

The Senate is expected to vote on the bill sometime in the next two weeks.


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