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Joe Biden embraces deficit spending:
'We cannot afford inaction'

Original Article

Posted By: Ribicon, 1/14/2021 10:05:01 PM

President-elect Joseph R. Biden said Thursday that there’s almost no such thing as spending too much money right now given the “twin crises” of the coronavirus pandemic and the associated economic fallout. “There’s no time to waste. We have to act, and we have to act now,” Mr. Biden said in a speech in Wilmington, Delaware. “We cannot afford inaction.” Mr. Biden unveiled additional details about the $1.9 trillion rescue package he released Thursday.(Snip) He said “a growing number of top economists” are saying the long-term debt situation will be more stable “if we seize this moment with vision and purpose.”

Comments:

Top economists including the bug-eyed ex-barmaid AOC say ruinous levels of debt that cannot possibly be retired is a smart investment. And the Federal Reserve stands ready to print that money, kind souls that they are.

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Reply 1 - Posted by: Rama41 1/14/2021 10:13:08 PM (No. 661239)
Yep. Bail out them big cities.
10 people like this.

Reply 2 - Posted by: hershey 1/14/2021 10:22:22 PM (No. 661248)
My great great great grandchildren are already in hock...and this doofus wants to spend more?
9 people like this.

Reply 3 - Posted by: ncva 1/14/2021 10:33:11 PM (No. 661256)
And they expect us to believe over 80 million people voted for this clown.
14 people like this.

Reply 4 - Posted by: subal 1/14/2021 10:38:42 PM (No. 661262)
Great Joe! As long as it is not your money, give it all away!
10 people like this.

Reply 5 - Posted by: MDConservative 1/14/2021 10:49:20 PM (No. 661271)
We just spent how many trillions under PDT. What exactly is the objection? As some of us noted, Republicans/conservatives have no room to grouse. The issue is moot.
4 people like this.

Reply 6 - Posted by: milwaukeeroad 1/14/2021 11:17:35 PM (No. 661279)
Is the Diapered One gonna donate his salary to charity like Trump did? Whaddaya say, Joey?
5 people like this.

Reply 7 - Posted by: planetgeo 1/14/2021 11:18:06 PM (No. 661281)
Joe has had decades of practice to master the dark art of spouting grand descriptions of programs that deliver crumbs to the peasants while delivering millions to the big guys that then shovel much of it back to the Democrats. It's like a giant Moebius Strip of cash.
10 people like this.

Reply 8 - Posted by: SALady 1/14/2021 11:33:59 PM (No. 661287)
I'm not the least bit surprised that the Demon-Rats plan to spend like drunken sailors at a whore house on a 3 day pass. But I am shocked that Lyin' Joe Biden's handlers let him actually so blatantly admit it. They really need to reign him in and stick him back in his basement, or this is going to get really nasty!!!!
6 people like this.

Reply 9 - Posted by: GoodDeal 1/14/2021 11:38:55 PM (No. 661293)
Deficit spending has been going on for decades. The deficits just keep going higher and higher on an unsustainable trajectory. Crash and economic catastrophe awaits.
5 people like this.

Reply 10 - Posted by: ColonialAmerican1623 1/14/2021 11:48:07 PM (No. 661297)
They don't call Dems the tax and spend party for nothing. Wait until we pay for the New Green Deal and $5 a gallon gas.
3 people like this.

Reply 11 - Posted by: OhioNick 1/14/2021 11:53:08 PM (No. 661300)
There's only a few things that can eliminate scarring inside your body. The most effective is a supplement called Serrapeptase, which must be taken on an empty stomach. Will it work for Covid-damaged lungs? Maybe.
0 people like this.

Reply 12 - Posted by: OhioNick 1/14/2021 11:53:57 PM (No. 661303)
Sorry for the above comment. It was meant for another article.
1 person likes this.

Reply 13 - Posted by: JimBob 1/15/2021 12:16:33 AM (No. 661322)
I guess the last PORKULOUS 'Relief' bill, which gave Trillions to foreign entities and Democ'RAT special Interests, while dropping a few crumbs, just enough to cover the 'Covid-19 Relief' label, missed some Democ'RAT special interests. This one will make sure that NewYawkCity and other cash-wasters will be Bailed Out by the White Working Taxpayers, as they are the Targets to be Fleeced Dry. Look for the media description "Bill to fund Covid Relief and other purposes".... 98 percent going to the "Other Purposes", and the Media will NEVER tell how much and what Ratholes it disappeared down. Regarding Unlimited Spending with Nothing to back it up: Vladimir Lenin Quotes "The best way to destroy the capitalist system is to debauch the currency."
5 people like this.

Reply 14 - Posted by: PChristopher 1/15/2021 12:18:48 AM (No. 661324)
You can't afford all of this deficit spending either idiot!
1 person likes this.

Reply 15 - Posted by: Trigger2 1/15/2021 12:51:48 AM (No. 661342)
How many billions is that jackwad comrade Cuomo going to get for successfully killing off 6500 (minimum) old people?
1 person likes this.

Reply 16 - Posted by: Trigger2 1/15/2021 12:53:59 AM (No. 661344)
Don't forget, there are trillions in 401k's, Roth and other investments congress can grab to lower the debt.
3 people like this.

Reply 17 - Posted by: coyote 1/15/2021 2:01:38 AM (No. 661367)
The federal government couldn't tax enough to cover their spending. This isn't going to change, it is going to get worse.
1 person likes this.

Reply 18 - Posted by: bighambone 1/15/2021 3:23:30 AM (No. 661394)
Currently there are 18 million Americans out of work because of COVID and coincidentally Biden said in his teleprompter read speech that he is going to create 18 million high paying jobs quickly, as he raises up the Federal Minimum Wage to $15.00 an hour. Something about all that does not equate correctly?
1 person likes this.

Reply 19 - Posted by: DCGIRL 1/15/2021 5:50:14 AM (No. 661424)
Do you hear what I hear, the flushing of our nation down the toilet.
0 people like this.

Reply 20 - Posted by: mifla 1/15/2021 5:56:40 AM (No. 661432)
I complained about Trump's spending, and I will complain about this. Future generations are getting screwed big time.
1 person likes this.

Reply 21 - Posted by: stablemoney 1/15/2021 6:19:35 AM (No. 661444)
The people can and will take care of themselves. Big business and the government bureaucrats will split up this money.
0 people like this.

Reply 22 - Posted by: Bur Oak 1/15/2021 7:50:16 AM (No. 661500)
One used to be able to buy a candy bar for 10 cents, now it is a dollar and soon it will be $5. Soon the value of your savings will have decreased to only 20 percent of what it was.
2 people like this.

Reply 23 - Posted by: gobushcheneygo 1/15/2021 9:35:56 AM (No. 661646)
Biden has his marching orders from the globalists. Print money nonstop. Devalue the US dollar. Tank the economy. Raise taxes on everyone. Drain retirement accounts. Purge conservatives from public life and discourse. Get the "re-education" camps ready. (See NY state's latest power grab legislation regarding government being able to indefinitely detain citizens who MIGHT be a public health risk as deemed by an anonymous government bureaucrat. And you may not attempt to leave. No soup, errr - Constitutional rights for you!) How else can the US join the Great Reset as discussed at the World Economic Forum last year?
2 people like this.

Reply 24 - Posted by: udanja99 1/15/2021 9:47:30 AM (No. 661669)
What else would a demonrat do?
0 people like this.

Reply 25 - Posted by: Heil Liberals 1/15/2021 9:48:44 AM (No. 661670)
To see the future of all of this inflationary creation of money to go usdebtclock.org. It is staggering. Their algorithms are insanely accurate. The prediction leaves the notion of retirement as a potentially unrealizable dream. usdebtclock.org
0 people like this.

Reply 26 - Posted by: terrywhite 1/15/2021 10:59:41 AM (No. 661774)
We've already spent what, over $3 trillion on Covid relief, but like with every good Democrat, no matter how much is spent, it is never enough. They must always spend more.
1 person likes this.

Reply 27 - Posted by: or gate 1/15/2021 4:35:50 PM (No. 662208)
Spoken like a half whit.
0 people like this.

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