AOC’s “Frightening” Economic Ideas: Biden’s $2.2T Plan Is “Not Nearly Enough” Rep. Alexandria Ocasio criticized the size of Biden’s massive $2.25 Trillion infrastructure proposal, saying it is “not nearly enough.”
This is not nearly enough. The important context here is that it’s $2.25T spread out over 10 years.
For context, the COVID package was $1.9T for this year *alone,* with some provisions lasting 2 years.
Needs to be way bigger. https://t.co/eTQ7cxuTzF
— Alexandria Ocasio-Cortez (@AOC) March 30, 2021
On Tuesday, Rep. Alexandria Ocasio Cortez tweeted, “This is not nearly enough,” referring to Biden’s $2.25 Trillion infrastructure project. The Democratic representative also added, “The important context here is that it’s $2.25T spread out over 10 years. For context, the COVID package was $1.9T for this year *alone,* with some provisions lasting 2 years. Needs to be way bigger.”
Meanwhile, FreedomWorks economist Steve Moore made a statement in an interview with Fox News that Rep, Alexandria Ocasio-Cortez’s suggestion is “frightening.”
According to Moore, suggesting that the Biden administration should instead spend $10 Trillion on infrastructure over the course of 10 years is frightening, stating that her viewpoints “have really carried the day with the Democrats.”
Moore said, what is interesting is that when AOC first came on the scene a couple of years ago, people used to kind of laugh at the crazy things she’d say. Moore added, “But what’s really frightening, actually, is that her viewpoints have really carried the day with the Democrats… I mean, the Democrats seem to embrace them.”
The Freedom works economist continued, “When she says 5, 8, 10 trillion dollars, I think we ought to start taking these people seriously. I mean, look, we started the year with $1 trillion in the pipeline. Remember, that was leftover from the Trump COVID bill.” He continued, “And then we passed a $2 trillion bill, and then Biden announced $2 trillion this week. And then, by the way, The Washington Post reported they’re going to come up with a second $2 trillion bill for so-called ‘social infrastructure.”
Moore added, “So if my math is right, that’s 4 trillion, 6 trillion — that’s $7 trillion already. So they’re not so far from that $10 trillion that AOC is talking about.”
And here is the part where Rep. Ocasio-Cortez mentions the 10 trillion number that caught @Lawrence 's attention.
We'll have the full @AOC interview published later tonight. pic.twitter.com/y7ZXNr9sht
— Maddow Blog (@MaddowBlog) April 1, 2021
The economist also labeled Biden’s proposal as “ruinous fiscal policy.” Stating that it is going to cause “massive disruptions in our economy.” He added that the effects might not be immediate. However, there will be a day of “reckoning” that will cause real hardships.
“And the government doesn’t stimulate [the] economy. It destimulates the economy. We’re going to find that out,” Moore said.
According to Biden’s statement when he announced said the proposal, the $2.2 Trillion would be spent over the course of eight years. Said plan allegedly would create “millions” of jobs.
The White House also made a statement that the plan would increase taxes on corporations and wealthy Americans by increasing corporate income tax rates.
AOC wants $10 TRILLION infrastructure plan! "We’re the wealthiest nation in the history of the world. So we can do $10 trillion," AOC declared. https://t.co/YV53WHSZtg
— Breitbart News (@BreitbartNews) April 2, 2021
Meanwhile, earlier this week, progressive Democrats in the House and in the Senate unveiled their own version of Biden’s infrastructure proposal, which would cost a whopping $10 Trillion infrastructure and jobs over the next decade.
The proposal, which they called the “THRIVE Act,” has significantly ambitious climate-related goals and more explicitly targets support to marginalized comm unites most impacted by environmental degradation.
Although Ocasio-Cortez hasn’t co-sponsored THRIVE, the NY Democratic representative is reportedly planning to reintroduce her Green New Deal proposal.
The Green New Deal proposal would call for even more far-reaching investments.
