Rep Alexandria Ocasio-Cortez Is Calling For A $10 Trillion Over 10 Years Infrastructure Plan

Rep Alexandria Ocasio-Cortez(D-NY) On The Rachel Maddow Show (03/31/2021)

Rep Alexandria Ocasio-Cortez (D-NY) appeared on the 03/31/2021 edition of MSNBC’s Rachel Maddow show(TRMS), to discuss the $2 trillion infrastructure plan President Biden had announced earlier the same day. Rep Ocasio-Cortez (aka AOC), told host Maddow that her Progressive colleagues in the House will “absolutely” push for a figure higher than the $2 trillion set out by President Biden, adding that her personal preference would be a $10 trillion over 10 years infrastructure plan.

AOC’s full interview on TRMS is available here, but the relevant clip is below.

Specifically, AOC told Maddow in response to a question as to whether Progressives in the House will push for a figure bigger than $2 trillion: “Absolutely. You know if we could wave a magic wand, and Progressives in the House were able to name any number and get it through, which obviously isn’t the case, but if we are looking at ideals and what we think is the actual investment that can create tens of millions of good union jobs in this country, that can shore up our healthcare, our infrastructure, our housing, and doing it in a way that draws down our carbon emissions to help us get in line with IPCC standards, we are talking about realistically, $10 trillion over 10 years.” AOC added that even though $10 trillion is an “eye popping” figure, it is not in any way unrealistic.

Basically, AOC’s message on TRMS was that even though House Progressives are very appreciative of President Biden’s $2 trillion infrastructure proposal, they are looking at the $2 trillion as a starting point, and not necessarily the ceiling. Progressives in the House will work hard for a higher figure. This promises to be quite an interesting battle in Congress, especially given the fact that in the recently passed American Rescue Plan(Covid), House negotiations began at $1.9 trillion and worked their way downwards. It appears for infrastructure, the House negotiations will begin at $2 trillion and possibly end up much higher. Will AOC’s $10 trillion wish come true? Hmm–time will tell.

Bottom line folks, as AOC correctly pointed out, if one considers the fact that for covid relief, Congress passed a one year $1.9 trillion package, it is not unreasonable to assume that for an infrastructure plan, we would need much more than the $2 trillion proposed by President Biden. It is a good thing that AOC threw the $10 trillion figure out there because it will inspire some imagination among House Democrats as to what’s possible–thinking big. Simply put, even though passing a “skinny” infrastructure plan is better than no infrastructure plan at all, House Democrats should not look at President Biden’s $2 trillion proposal as a limiting factor, but instead, like AOC, come up with their own imaginative ideas as to how to revamp our dilapidated infrastructure. All in all, let there be a robust infrastructure debate in Congress, and may the best ideas win.

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$1.5 Trillion Worth Of $100 Bills Are Unaccounted For

Treasury Secretary Steven Mnuchin with his wife Louise Linton

A bombshell Yahoo News piece says a staggering $1.5 trillion worth of U.S. dollar bills, predominantly the $100 bills(C-notes) are unaccounted for. Treasury Secretary Steven Mnuchin was confronted with this question on Fox Business Network (FBN) where he gave the explanation that weak economies around the world are increasingly using the U.S. dollar, meaning the missing $100 bills are probably sitting in bank vaults around the world.

Specifically, Sec Mnuchin told FBN’s Lou Dobbs,“Literally, a lot of these $100 bills are sitting in bank vaults all over the world…..The dollar is the reserve currency of the world, and everybody wants to hold dollars…….And the reason why they want to hold dollars is because the U.S. is a safe place to have your money, to invest and to hold your assets…….There’s a lot of Benjamins all over the world.” ($100 bills are colloquially referred to as “Benjamins” because they bear the picture of founding father Benjamin Franklin)

Reasonable people will agree that Secretary Mnuchin’s explanation, that the $100 bills are probably sitting in bank vaults worldwide, is very plausible. The question he was never asked however, is why we are having this problem now? Weak economies around the world have been using U.S. currency way before the Trump administration. Were the $100 bills also unaccounted for prior to the Trump administration? Yours Truly, always ahead of the curve, raised this question on Twitter.

Bottom line folks, we have witnessed shocking levels of corruption in the 3 short years Trump has been President. Under any other normal U.S. administration, the explanation given by Sec Mnuchin would be sufficient. Given the fact that the Trump administration has exhibited shocking levels of corruption, most notably the disappearance of $40 million of inaugural funds, congressional Democrats and the mainstream media owe it to the public to press Secretary Mnuchin for more answers regarding the missing Benjamins.

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