Reconciliation Explained

Bernie Sanders explained the purpose of his reconciliation efforts.

In the midst of the many long-ignored crises that our budget reconciliation bill is attempting to address, let’s be completely honest: we will not have one Republican senator voting for it. Tragically, many Republican leaders in Congress and around the country are just too busy continuing to lie about the 2020 presidential election, undermining democracy by suppressing voting rights, denying the reality of climate change, and casting doubts about the efficacy of the Covid-19 vaccines. That is their focus at this moment.

That means that the 50 Democrats in the US Senate, plus the vice-president, will have to pass this most consequential piece of legislation alone. And that’s what we will do. The future of working families is at stake. The future of our democracy is at stake. The future of our planet is at stake. That is my focus at this moment.

Now is the time.

This effort will take the inflation pressure off of our current path. The Federal Reserve is pumping trillions of dollars into the economy in a futile effort to prevent a stock market and economic crash. The money is mostly going to the rich who boost stock prices by insisting corporations buy back their shares. None of this increases the productive capacity of our economy. If we were to shift that money creation intro investments in the productive capacity of the economy, then the economy would actually grow with the money pumped in.. With the current policy, the economy is shrinking while the money gets pumped in.. This is what leads to inflation.

Are we going to stand for Democrats not backing Bernie on this? How could any consideration be more important than this?

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