Arizona Sen. Krysten Sinema announced Monday that she will not support the Democrats’ massive, transformative, $3.5 trillion spending bill, possibly killing their hopes for forcing it through with just 51 votes as a budget reconciliation bill (which is a total perversion of that process, by the way.)
Sinema supported the $1.2 trillion “infrastructure” bill, but her spokesperson said she won’t support a budget reconciliation bill that costs $3.5 trillion. Incidentally, supporters of that bill have now started calling it a “human infrastructure” bill, which is obviously a focus group-tested euphemism for “bill that has nothing to do with actual infrastructure, but people like spending money on ‘infrastructure’ so we’ll call anything that.”
Interestingly enough, while Democrats are telling us we need to pass these bills to spend trillions we don’t have in order to stimulate the economy, the stock market, which had been falling for days, turned positive as news came that Biden’s spending bills may be bogged down in Congress.
And if you’re wondering why businesses would be relieved to see that bill die, here’s why: