Joe Biden Cancels Stimulus

well everyone meet kevin here it is now

a surprise at all and this is why we

sign up for life insurance in as little

as five minutes by going to medcavin.com

live nancy pelosi said that the 1

trillion bipartisan infrastructure

package or the biff was going to get

passed on monday the 27th then monday

rolled around and nancy pelosi said you

know what

let's just start debate today instead

we'll vote on this on thursday well then

thursday rolled around and friday rolled

around and no vote why no vote because

joe biden nancy pelosi and chuck schumer

have thus far failed to unite the

democratic party

nancy pelosi blames senate

centrist like essentially without

mentioning them joe manchin and kirsten

cinema

for stonewalling the deal and changing

timetables so she's pointing the finger

but we all know if you point a finger

three point back at yourself and so

bernie sanders has also come out with

similar criticism as nancy pelosi but we

can say the same thing here as well

bernie sanders on this was a trending

tweet by the way on twitter suggest why

is it that two senators can hold up the

action of 48 senators in the senate and

as usual when bernie sanders says

something in a very progressive and

popular way for people to cheer and get

behind we see the same thing with aoc or

elizabeth warren or similar things with

these we

fail to realize that bernie sanders just

set up a false dichotomy this is not a

matter of two senators versus a 48 it is

a matter of 48 senators versus 52 that's

the way our government was designed now

our government was actually purposely

designed for the potential for this kind

of gridlock to happen which is kind of

crazy if we didn't want as much gridlock

as we have we would have a pluralistic

congress where we actually had

multi-parties with power but we don't so

this is the the cake we made we made

this we baked this cake and now we get

to eat it we get stuck with this kind of

drama but that's why we provide insights

on what the heck is going on so where do

we go from here now that we've got these

sorts of holdups well president biden

called on house and democrats

specifically the progressives caucus

which the progressive caucus is a group

of representatives in the house that are

saying look we're not going to vote for

the trillion dollar infrastructure

package until the three and a half

trillion dollar package is passed and

we're satisfied problem is

biden and senate democrats are trying to

negotiate with kirsten cinema and joe

manchin

on the three and a half trillion dollar

package to give that to progressives but

these two are pretty reluctant to get

into serious conversations until the one

trillion dollar package is passed so

again you've got this going on joe biden

actually canceled his travel on

wednesday because of this crisis and now

he's asking democrats what are your

must-haves so the question now is what

goes away in the 3.5 trillion package

does the 250 per month for children

under 18 and 300 for children under six

go away does paid leave go away does

paid for preschool for everyone go away

are there going to be some caps or

limitations set on these things are we

going to see limits on certain tax

increases or potentially have tax

increases without as much spending in

other places to lower the cost of the

overall bill

who knows but at this point we are stuck

between a rock in a hard place that's

because of what's next and that's the

debt limit we have until october 18th to

get the debt ceiling handled and that is

pass some sort of extension to the debt

ceiling we know that at this point this

debt ceiling is almost certainly going

to be attached to the infrastructure

bill and if they miss

october 18th they might have a few days

of buffer janet yellen kind of implied

that they might have like one or two

days of a buffer in that october 18th

date i personally think they might have

until november 1st i think janet yellen

is kind of fudging a little bit

but i don't know that she's fudging but

she's kind of like

she's trying to make congress work

before it literally gets to crisis mode

right so i think we'll probably have a

few days past october 18th potentially

out to november first but

basically this is trying to light a fire

under congress to get an infrastructure

package of some sort because ultimately

what this is going to come down to is

something is better than nothing my

guess so

this is where

legislatures will likely to say to each

other look are we okay with a two

trillion dollar infrastructure package

we can actually get this two trillion

dollar infrastructure passed uh and if

we get this two trillion dollar

infrastructure bill passed that's better

than if we didn't get the debt limit

passed or infrastructure passed because

then we would have nothing right and i

want to circle back to the argument

about bernie sanders talking about it

this is the 2 against the 48 when in

reality it's not 2 against 48 it's two

against i'm sorry it's 48 versus 52.

this is what americans voted for right

americans voted for a congress that is

really close in power

it did not give universal power to one

side that is what americans voted for so

even though if we're on the left we

might not like that if we're on the

right we might love it who knows where

we sit i think most of us sit generally

like 80 of us sit within the middle

ranges and we're kind of just wondering

what's going to come out of it i think

ultimately this is what

america has come to a a country that

that is divided but through division we

can actually probably get bipartisan

moderate solutions and that's really why

you see this symptom of a couple

senators wielding their power and saying

i don't know three and a half we might

be going a little too far let's bring it

back to the middle now sure is it their

responsibility to that hey well it's

debated but that is the situation that

we're in that is the way our congress

works somebody's always going to be uh

in a close call that vote that swing

vote in the middle it's the same thing

as like on the supreme court right

somebody's always going to have that

that last say decision that's just the

way our society works but frustrating

nonetheless to sit around uncertain

watching congress sling you know

bullcrap at each other on twitter but

that's just what they do anyway uh keep

this in mind house democrats do not want

to try to pass a clean debt limit bill a

clean bill would basically be let's just

raise the debt limit and uh let's let's

uh you know

deal with the infrastructure package

separately uh this is probably also

unlikely to happen because it would

require the support of republicans

especially if democrats don't use

reconciliation and mcconnell and

republicans are purposefully refusing

this because they want democrats to lose

their next reconciliation because it

forces them to use it and speed up their

negotiations on this three and a half

trillion dollar plan which in all

likelihood

makes it smaller uh so that's uh that's

kind of where we stand right now it's

going to be an interesting weekend to

see if we get any kind of updates really

what i'm looking for at this point and

we should all be looking for are going

to be counter offers what kind of

counter offers and actual plans can we

get from the progressives group what can

we get from mansion and cinema and where

can we meet that middle refine that

middle ground is it two nine is it two

five is it one point nine is it one

point five i'm curious i personally lean

around that two seven the two nine range

but we'll see folks thank you so much

for watching this video i hope you

appreciated the update that joe biden is

now calling everything off until we have

a more clear framework on what the heck

is going on and folks we'll see in the

next video thanks so much for watching

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