Some of the highest-ranked Republicans have recently pledged to take every action necessary to reduce liberals’ efforts to pass a gargantuan spending package. The “budget reconciliation package,” which carries an enormous price tag of $3.5T, is widely touted as a less than ideal proposal for the vast majority of Americans, as well as for the American economy in general.
Mitch McConnell, the Minority Leader of the Senate, made various remarks about the enormous spending bill during a press conference earlier in the week, noting that such an enormous spending package threatened the economic recovery of the nation.
In addition, McConnell also argued that the economy has already suffered enormous devastation from the massive COVID relief bill passed earlier in the year, as evidenced by skyrocketing inflation across the nation.
Prices have significantly elevated in recent months, as measured by the Consumer Price Index (CPI), which places additional strain on American households still reeling from COVID lockdowns.
John Thune, the Senate Minority Whip, also issued warnings regarding Democrats’ proposed spending package, observing that its successful passage would spell economic catastrophe for broad swathes of the American population, especially if it leads to further inflation.
GOP senators will “do everything [they] can to stop it,” Thune proclaimed, adding that he hopes some Democrats will lend their support in stopping the bill due to its “size and scope and scale.”
From “what we hear and believe,” the proposed spending package “is going to be catastrophic for lots of folks around the country,” Thune observed, adding that some of the individuals who will suffer the most include ranchers and farmers, “who would get hit with the double death tax.”
Dems are refusing to learn from their mistakes. Inflation is skyrocketing, & Americans are paying higher prices after Dems’ wild spending spree earlier this year. Now they want to spend $3.5 trillion MORE. Do they know this is taxpayers' hard-earned money – not monopoly money? pic.twitter.com/15JRT0QBGM
— Senator John Thune (@SenJohnThune) August 4, 2021
Due to the present political makeup of the Senate, Republicans only need one Democrat to join alongside them in an effort to block the proposed budget from passing through the reconciliation process. At this point in time, two moderate Democrats have demonstrated opposition to the enormous $3.5T bill: Senator Krysten Sinema of Arizona and Senator Joe Manchin of West Virginia.
Both senators have indicated a desire to lower the overall price tag of the massive spending package, which suggests that one of both may be willing to assist the GOP in preventing the enormous proposal from passing in the Senate chambers.