Well, that trillion dollar in infrastructure that is currently being negotiated....and it started out as a two trillion dollar infrastructure deal. Even using reconciliation....this latest deal will be under one trillion. And all of this spending literally hinges on roughly two to six individuals....depending on which way the wind is blowing. And don't forget...the last congress added 8 trillion to the national debt, four of that before Covid, through reconciliation....and that was never getting paid for through an increase in GDP...and therefore revenue. GDP never got north of 2.9% pre-pandemic. That money went to massive corporate tax cuts....very little went to the average American. We had "historic" GDP growth in 2020....but that tends to happen when you shut everything down....and then open it back up
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But I won't argue over throwing money into an economy that has seriously supply issues and seemingly loads of cheap money sloshing around already. I've seen that movie before...didn't end well. From everything I'm reading, the Fed isn't quite convinced that we're good to go on the growth side of things, thus continuing their 120 Billion a month spending spree. I suspect that the rest of that 6 trillion in planned spending would be half of that if they were extremely lucky. And even then, it will hinge greatly on whether the inflation we're seeing now is transitory, or if it does really impact the average American's bottom line beyond say, six months to a year from now...which is just when the mid-terms will be heating up. As not only the Fed Chair said....but also several other members.....they truly don't know where the economy will be two years from now. We're all a part of this grand global experiment of opening up the world after mostly shutting it down for some period of time. I can't help but think of that great quote from Samuel L. Jackson in Jurassic Park...."Hold onto your butts"....
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