Here Come Trillions More: Biden Will Unveil “Next Phase” Of COVID Response On Thursday
- Here Come Trillions More: Biden Will Unveil “Next Phase” Of COVID Response On Thursday
by Tyler Durden, https://www.zerohedge.com/
Just hours after the House passed the Democrats’ $1.9 trillion stimulus package (which will unleash another wave of “stimmies” that will inevitably find their way into millions of Robinhood and other discount brokerage accounts), President Joe Biden said Wednesday that he would unveil “the next phase” of the US COVID-19 response on Thursday, which is also the one-year anniversary of the first COVID-inspired lockdowns in the US.
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Biden, who made the remarks during a press briefing with the CEO of Johnson & Johnson on Wednesday, will share the details of the plan during a prime-time address Thursday evening.
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“Tomorrow night, I’m going on primetime to address the American people and talk about what we went through as a nation this past year. But more importantly, I’m going to talk about what comes next,” Biden said Wednesday.
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“I’m going to launch the next phase of the Covid response and explain what we will do as a government and what we will ask of the American people,” he said. “There is light at the end of this dark tunnel over the past year. We cannot let our guard down now or assume that victory is inevitable. Together, we’re going to get through this pandemic and usher in a healthier, more hopeful future.”
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Biden also proclaimed Wednesday that, after the COVID pandemic is finally quashed, his administration is planning to pivot to focusing on its next health-care policy goal: eradicating cancer. Note: Biden’s son Beau Biden succumbed to brain cancer a few years ago – cancer that doctors suspected was linked to the younger Biden’s service in Iraq. The administration is also hoping to push through a sweeping infrastructure plan.
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If these plans seem a little too grandiose, especially after the massive blowout in the national debt over the last few years, fear not: Biden and his fellow Dems apparently realized that the federal government can fund all of its policy priorities, no matter how costly, by simply allowing the Fed to monetize all of the debt.
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