Former Obama Official Sounds the ALARM on $1.7 Trillion Spending Bill Biden Will Sign

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.

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.

Next News Network Team