Submitted by thejohnwetter t3_zr9a1j in wallstreetbets
What's in it? Let me tell you
- $45 billion to Ukraine
- $119 billion for veterans’ medical care
- $40 billion for natural disasters
- $4 billion to Navy’s shipbuilding budget
- $8.5 billion to buy F-35 fighter jets and $2.5 billion to buy Boeing’s new KC-46 tankers
- $11.3 billion to the FBI for investigations
- $1 billion to help developing countries expand their renewable energy efforts
- $950 million for Biomedical Advanced Research and Development Authority to develop drugs to combat pandemics
- $965 million to the Strategic National Stockpile, aka the nation’s medical reserve
- $770 million for federal law enforcement grants issued to local governments
- Ban on TikTok from devices used by federal agencies and military branches
- Biden pledged that the United States will deliver $11.4 billion annually by 2024 to help developing nations tackle climate change
- Proposals that could greatly affect Medicaid’s eligibility
As you can see, this $1.7 trillion spending bill is packed. Whether you agree or disagree with it, I think we are all wondering the same thing, what will this do to our already problematic inflation rate?