Government Shutdown, Stimulus, & Pain for 45%

everyone kevin here in this video we got

to talk about the government shutdown we

got to talk about some updates on the

build back better plan stimulus plan and

we got to talk about pain for 45 of

americans and that has to do with the

flay inflation who is feeling inflation

the worst folks let's get right into

this first the senate actually passed

the stop gap measure today this was

unexpected we had a draft put together

as in the form of a continuing

resolution this morning the house

earlier today passed the stop gap

measure and the senate tonight by a vote

of 69 to 28 passed the stopgap bill

keeping the government funded through

february 18th we had a deadline where

the government could shut down as early

as tomorrow evening that's friday

december 3rd but congress actually

pulled this off one of the reasons the

senate was able to pull this off is

because democrats finally agreed to call

a vote on senator marshall's amendment

to block biden's vaccine mandate for

larger employers that amendment did end

up failing by a vote of 50 or sorry 48

to 50. that amendment failed so still no

block against a biden's vaccine mandate

or testing mandate for larger employers

however a lot of joe biden's mandates

are being held up in the courts

now in the meantime congress is still

facing the debt ceiling deadline of

december 15th and this is where sometime

between december 15th and maybe early

january this is sort of a fluctuating

date but janet yellen says december 15th

the government would essentially fail to

make its payments on its obligations

this is different from the budget but

does require us raising the debt ceiling

and so this is going to be another can

that congress has to sort of kick down

the road at the same time congress is

going to try to move forward on the

build back better plan though if you

actually think there's a chance to get

this done in december especially since

the senate parliamentarian hasn't even

reviewed the bill yet there are some

things to note in the buildback better

plan specifically regarding healthcare

3.4 million americans would gain health

insurance via buildback better we would

expand health care for children we'd

make insurance more affordable for

working age adults we'd make insurance

more affordable

as well for those on medicare by

improving benefits for those who are

disabled and for older americans there

are a bunch of the sort of miscellaneous

changes in this but this would probably

represent one of the largest changes to

health care in america since obamacare

was passed back in 2010 medicare would

also add hearing coverage but not vision

or dental vision or dental were

desired to be included by individuals

like senator bernie sanders however they

were left out of the house passed

version

as was the measure that would have

allowed medicare the ability to

negotiate down drug prices now the

health provisions of this bill are

expected to cost 330 billion dollars

over the next decade

and they come with 325 billion dollars

in savings what's interesting though is

the savings part will be permanent

this sort of expense cutting but the new

coverages will only last until 2025. so

even though it sounds like they're kind

of washing each other out that the

savings are washing out the spending the

spending only lasts four or five years

the cuts last for 10.

so kind of interesting funny math that

congress is pulling off but uh then

again that's what congress does to get

stuff done so they could sell it to

their constituents

now uh in addition to this uh it's worth

noting that 45 of americans are

struggling

we're facing some form of a hardship due

to inflation this is at least according

to the latest gallup poll on who's being

most affected by inflation take a look

at this one here it says those with a

household income of less than forty

thousand twenty eight percent of those

reported a severe hardship due to

inflation 42 percent a moderate hardship

that means 71 percent of individuals

making less than 40 000 a year are

reporting a hardship due to inflation

also worth noting that if we look at the

difference in education if you have a

college degree you are 30 likely to have

some form of hardship to inflation and

if you do not have a college degree

you're 54 likely so substantially more

likely to have a hardship with inflation

if you are either

uneducated or not college educated i

should say make less than 40 000 a year

or get this one

republicans had a 53 reported hardship

against inflation whereas only 37

of democrats responded that they had a

hardship against inflation this some

folks do wonder if this is potentially

politically motivated that individuals

who are republicans are potentially more

likely to suggest they have a hardship

because well let's go brandon or is it

because democrats i mean potentially

even on the same vein maybe democrats

support joe biden and therefore they say

oh no no it's not that bad even though

they are suffering so a little bit of

potential skew there this was put

together by gallup and the point here

the bottom line really that anyone

making under 40 000 potentially without

a college degree and more likely

republicans are feeling the effects of

inflation more than anyone else so this

is good news on congress not so good

news on inflation or the progress in

terms of the debt ceiling or buildback

better but it does give you an overall

update of what congress just got done

and some pain points people are feeling

in america right now if you found this

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video and folks we'll see in the next

one thanks so much goodbye