CHIPS Act Passes: House Approves $280 Billion Bill To Boost Microchip Production And Counter China
Now, this seems like a bill that makes sense to me even though it is expensive. Perhaps its benefits far outweigh the concern and real worries about inflation. But Biden is touting more spending with the Pro-Climate Inflation Reduction bill for $369 billion!"Proponents of the CHIPS bill have cast it as a way of easing the ongoing microchip shortage and helping the U.S. semiconductor industry catch up with East Asia, which produces roughly 75% of the world’s chips. The United States imports many of its high-tech chips from Taiwan, but China has expanded production recently. A strong domestic semiconductor industry is “critical to the economic growth and national security of the United States,” the Senate bill states."
According to the Commerce Secretary, the CHIPS bill could fund both U.S. companies and foreign companies looking to invest in manufacturing inside the U.S.
Read more about CHIPS
We can't keep spending and raising taxes in a recession.
1 comment:
Someone was saying the real reason why Nancy Pelosi wants to go to Taiwan is because she wants them to produce those chips that they can insert in every person's body so that we can all be chipped or tagged or identified and they can just scan us so that we can only buy things if we have our chip in us when we go to a store or bank or any public place we have to have a chip and that's what Nancy Pelosi and the deep State want they want these chips to be made and put in every person they're either going to stamp it on your head or stamp it on your right hand remember that this is all in the Bible too so remember Nancy the part of the deep state who's supposed to be Catholic but then supports abortion and killing innocent help with voiceless babies what will she do with all those chips? She is also a slave for Lucifer!
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