Biden of America: The Return of the Democracy

A place for more serious off-topic discussion and debates.
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Domestic gas production is up since January 2021. It cratered during 2020.

Oil exports are down since January 2021.

Inflation and higher energy prices are global, following the bounceback in demand after COVID19, China's lockdowns which affected their exports, and following Russia's war in Ukraine and Russia cutting off energy supplies along with boycotts of Russian energy. Russia is the third biggest energy provider in the world.

American troops are no longer dying in Afghanistan this year like they were for the previous 20 years under Trump, Obama, and Bush. The U.S. troop presence there never should have went as long as it did. And everyone else knew for months to get out of Afghanistan in advance of the withdrawal (set by Trump and continued by Biden) and some refused to leave and waited until the last minute. In 2018 Trump pressured Pakistan to free the Taliban and their leader from prison in Pakistan to cut a deal and they took over Afghanistan bit by bit and he made a deal with them. But it was the time to leave, bigger threats from Russia and China should have the priority as we have seen.

Biden has not welcomed all undocumented migrants and has in fact told them to not to come.



However, Cubans - like anyone else - have a chance to apply for asylum but the system is backlogged.

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The Washington Post - Biden poised for big wins in Congress
After a long stretch when his legislative program stalled, Biden and the Democrats appear ready to notch a string of victories
The first major prescription drug legislation in nearly 20 years. More than $50 billion to subsidize computer chip manufacturing and research. A bill that would enshrine protection for same-sex marriage.
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CNN - Senate passes bipartisan bill investing $52 billion in US semiconductor production

Politico - Manchin's latest shocker: A $700B deal
The West Virginia centrist and Senate Majority Leader Chuck Schumer struck agreement on a party-line bill that almost everyone in Washington had given up on.





Nobody get too excited until it’s dunzo and passed both halls of Congress.

CNN Exclusive: Biden administration offers convicted Russian arms dealer in exchange for Griner, Whelan


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The IRS has a backlog of tens of millions of people's tax returns not reviewed yet because their total staff - like pretty much every aspect of government - has never kept pace with the growing population of the United States. You have to increase the size of government or else it's shrinking by default relative to the size of the population. Of course cons like it that way and making even the most basic aspects of government less effective.



NBC News - Heart medications can be a huge financial strain, but the reconciliation bill could help
Tens of millions of Americans have heart disease, and for older adults, the strain can be particularly acute.

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Aaaaaand thanks to Sinema the provision closing the carried interest tax loophole for money managers got struck from the reconciliation bill. Gee, didn't see that coming LOL.

Just follow the money. According to the Federal Election Commission, she got more than half a million in campaign donations from private equity group executives just in the current election cycle. And just in case you think other Dems are any different, KKR, Blackstone and Lazar also gave 1.28 million dollars to Chuck Schumer, representing about 44% of his fundraising from individual donors during this cycle alone. Sinema and Manchin are just ready to play the villain in this wrestling match because most of the Dems think like they do but don't feel like saying in public that the poorest people in the country should pay higher taxes than the richest people in the country.

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Associated Press - Biden to host unity summit against hate-fueled violence

The Washington Post - How Education Dept. plans to lift 7.5 million borrowers out of default
Documents provide a first substantial look at the Biden administration’s ‘Fresh Start’ initiative

White House leaning toward canceling $10,000 in student loan debt for borrowers who make less than $125,000 | CNN Politics

Wall Street Journal - U.S. Companies on Pace to Bring Home Record Number of Overseas Jobs
After Covid-19 pandemic upended supply chains, American companies are shifting jobs and processes to the U.S.

NY Times - Democrats Designed the Climate Law to Be a Game Changer. Here’s How.
In a first, the measure legally defines greenhouse gases as pollution. That’ll make new regulations much tougher to challenge in court.


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NY Times - Biden to Cancel $10,000 in Student Loan Debt for Borrowers Earning Less Than $125,000
The White House sought to address those economic concerns by targeting relief, which will be available only to borrowers earning less than $125,000 a year or households earning less than $250,000. The administration contends that 90 percent of the relief will go to households earning $75,000 a year or less.

Students who received Pell grants, which are for low-income students, will be eligible for an additional $10,000 in debt forgiveness.
Iran drops another key demand as prospects for revived nuclear deal increase - CNNPolitics

Biden announces another $3 billion in arms for Ukraine [to defend against Russia's invasion] -- but Kyiv still frets about long-term US commitment - CNN

Associated Press - Biden administration forecasts $1.03 trillion deficit, down by nearly $400 billion


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