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Home Front: Politix
Biden's aims to bankrupt a generation
2021-04-02
[NYPOST] If there is one thing Joe The Big Guy Biden
...46th president of the U.S. We hold these truths to be self-evident. All men and women created ... by the — you know — you know, the thing...
and the Democrats truly love, it is spending your money.

In Pittsburgh on Wednesday, Biden rolled out a plan to spend $2 trillion over the next eight years, supposedly on infrastructure. When Congress passes something this big, you can be sure that they are hiding a lot of mischief in the fine print. For example, Biden is trying to sneak in a provision that would overturn dozens of states’ laws to force workers to join unions against their will.

Mitch McConnell calls the plan "a Trojan horse," with 94 percent of the spending on things other than roads and bridges. Lots of the spending is on "Green New Deal" boondoggles such as wind and solar energy and electric cars. Biden plans to remake the energy sector just as it has made the United States energy independent and created a huge share of the nation’s jobs over the past decade.

Everything that comes from Washington, DC, costs more than the price tag, but if you take that $2 trillion number at face value and combine it with the $1.9 trillion Biden and the Democrats already spent in their COVID relief bill (most of which had nothing to do with COVID relief), we’re talking $31,758 of new spending for every household in the United States. That’s more than all the wealth of all the nation’s billionaires put together.

And that’s on top of our annual $4.48 trillion budget, and before you add in another $2 trillion in education, childcare and social program spending reportedly on the way soon. Alexandria Boom Boom Ocasio-Cortez
Dem Congressgirl from da Bronx in Noo Yawk and leader of the Mean Girl Caucus in Congress. One of the Great Minds of the 21st Century, she is known as much for her innaleck as for her dance moves. She is all in favor of socialism, even though she's fuzzy on the details. She was the inventor of the Green New Deal, though she doesn't talk about it much anymore...
says of the Biden plan, "This is not nearly enough." Given that the median household income in the United States was $65,712 before the pandemic, Biden is on his way to blowing through an entire year’s budget for every family in the country. When the president calls this a "once-in-a-generation investment," he means that after he’s done, we will be broke for a generation.
see also

Biden to announce up to $4 trillion infrastructure plan with massive tax hikes

Guess who gets stuck with the bill? Biden says he will raise taxes on corporations, although even his pencil-pushers admit that they need 15 years’ worth of taxes to cover the first eight years’ worth of spending.

That means we will still be paying for this until Biden’s 94th birthday, and Nancy San Fran Nan Pelosi
Congresswoman-for-Life from the San Francisco Bay Area, born into a family of professional politicians. On-again-off-again Speaker of the House. It's not her fault when they lose, but it's her accomplishment when they win. Noted for her heavily botoxed grimace and occasional senior... uhhh... moments...
’s 96th.

Biden promised on the campaign trail that nobody making under $400,000 a year would see a tax hike. Well, we all know that taxes on corporations end up getting paid by their customers, their workers, and their shareholders. That’s a lot of people who make less than $400,000 a year. Then again, at the rate Biden is spending money, who knows what a dollar will be worth in 15 years?
Posted by:Fred

#5  Cut unearned entitlements (Welfare). Note I said UNEARNED.

Yeah... right. As if that's gonna happen...
Posted by: CrazyFool   2021-04-02 13:23  

#4  At the end of the second Bush Presidency the national debt was somewhere around 10 trillion. Today, its north of 30 and climbing for the stratosphere. The only conceivable way to pay it off is a mix of massive inflation and draconian budgetary restraint since inflated future dollars will be more abundant to pay off the past debt. Clearly Bidet is clueless that the uKalorama Kompound thinks the first part serves the strategic goals of their allies in Peking and Tehran to further destroy the main enemy and Great Satan. As for ruining our children’s future, they are fine with that too, after all, most of them are white and therefore by definition racists.
Posted by: NoMoreBS   2021-04-02 12:16  

#3  Three generations.
Posted by: swksvolFF   2021-04-02 11:39  

#2  ...just invoke the 13th Amendment banning involuntary servitude.
Posted by: Procopius2k   2021-04-02 10:54  

#1  I don't see future generations losing much sleep over repudiating debts they never agreed to take on.
Posted by: M. Murcek   2021-04-02 10:29  

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