Last week, Congress passed an Omnibus spending bill worth $1.7 trillion, and it wasn’t just Democrats who voted for it. They were helped by Republicans for some reason. All sides have criticized the bill.
Steve Rattner, who served as a financial adviser during the Obama administration, even said it would likely worsen inflation.
He made the comments on MSNBC’s Morning Joe.
It is clear that we are heading towards a financial cliff, and even Rattner recognizes that. Gas and food are hard to afford, and our debt is unsustainable.
In a 225-201 vote, the House passed the $1.7 trillion omnibus spending package with nine Republicans joining Democrats on Friday.
The 4,155-page omnibus bill was unveiled in the early hours of Tuesday morning by senior lawmakers. Despite critics’ cries that they were not given a reasonable amount of time to review the proposed legislation, the Senate voted 70-25 on Tuesday to initiate debate and move the bill through Congress.
In a 68-29 vote, the Senate passed the omnibus package with 18 Republicans voting with Democrats.
The $1.7 trillion bill contains numerous earmarks, carve outs, and favors for legislators. In addition to that, the bill contains provisions such as $410 million in border security funding for Jordan, Lebanon, Egypt, Tunisia, and Oman.
According to The Heritage Foundation, the bill also includes $1.2 million for “LGBTQIA+ Pride Centers,” $477,000 for the Equity Institute in Rhode Island “to indoctrinate teachers with ‘anti racism virtual labs'” and $3 million for the American LGBTQ+ Museum.
Americans were left stunned to hear a former Obama-era official sound the alarm about the $1.7 trillion spending bill President Biden is set to sign. Steve Rattner, who served as a financial adviser during the Obama administration, expressed concerns that it would worsen inflation, while pork projects and other unneeded spending have been included in the wide-reaching legislation. The package has been described by some as an “unbelievable disgrace” at a time when many Americans are already struggling financially due to rising living costs. Rattner’s comments highlight just how staggering this reckless expenditure truly is.
