Biden Economic Adviser: How We’ll Fund
Biden’s Agenda ‘Not Tonight’s Problem’
and Options Will Be Discussed in Future
Breitbart Clips,
by
Ian Hanchett
Original Article
Posted By: Imright,
1/16/2021 10:53:46 AM
On Friday’s “PBS NewsHour,” incoming member of the Biden administration’s White House Council of Economic Advisers Heather Boushey stated that deficit spending can cover Biden’s coronavirus relief package, so how to pay for Biden’s economic agenda is “not tonight’s problem, but it’s certainly something that we’re going to be talking about in the weeks and months to come.” And there are many different options.Host Judy Woodruff asked, “And, finally, in a nutshell, what is it going to take in the way of higher taxes, higher revenues, in order to pay for some of these things that you’ve been describing? What income level is going to be hit
Reply 1 - Posted by:
Borderboy 1/16/2021 10:59:32 AM (No. 662970)
BOHICA, comes to mind.
9 people like this.
Reply 2 - Posted by:
Strike3 1/16/2021 11:17:36 AM (No. 663000)
Borrow billions. Tax the people. There is nothing else in the democrat playbook.
17 people like this.
Reply 3 - Posted by:
Venturer 1/16/2021 11:17:57 AM (No. 663002)
One thing is certain the Middle Class is going to pay for anything that Biden does.
Oh! these people with a few buck in their pockets, the upper Middle class are going to take a beating, but the really rich are going to do just fine.
The only thing that supports me from being downright depressed about it is that the Democrats who voted for this dip into the past Obama administration are going to be paying just like me.
14 people like this.
Reply 4 - Posted by:
Bur Oak 1/16/2021 11:18:39 AM (No. 663004)
They will fund their agenda following Venezuela example, with higher taxes and the printing of increasingly worthless money.
14 people like this.
Reply 5 - Posted by:
bad-hair 1/16/2021 11:33:48 AM (No. 663039)
Yo, Kids ... Grandkids ... Listen up. You're on the line here. The "government" when they're not too busy impeaching each other promises (pinky swear) that they will not tax you if you don.t make over $400,000 dollars a month.
And gasoline (taxed) is 23 bucks a gallon.
8 people like this.
Reply 6 - Posted by:
Vaquero45 1/16/2021 11:37:17 AM (No. 663043)
Heather Boushey’s reply took up half of the story - and yet, she NEVER ANSWERED the question!
The answer is, EVERYONE will pay higher taxes.
11 people like this.
Reply 7 - Posted by:
Hugh Akston 1/16/2021 12:26:21 PM (No. 663120)
Just sell more Treasury bonds to China, what could be the problem with that? We are seeing the problem with that.
4 people like this.
Reply 8 - Posted by:
JackBurton 1/16/2021 12:32:13 PM (No. 663127)
Translation: He doesn't have a plan.
Another way of saying that: He's making it as he goes.
6 people like this.
Reply 9 - Posted by:
hershey 1/16/2021 12:54:41 PM (No. 663156)
Just print more worthless money...or increase taxes...a dumbo-crat never met a tax they didn't like...
7 people like this.
Reply 10 - Posted by:
sw penn 1/16/2021 1:20:14 PM (No. 663190)
Biden Economic Adviser: How We’ll Fund Biden’s Agenda ‘Not Tonight’s Problem’
BS Translator:
They won't, You will!
4 people like this.
Reply 11 - Posted by:
privateer 1/16/2021 1:45:34 PM (No. 663216)
It sounds very Wimpy to me! As in 'I will gladly pay you Tuesday, for a hamburger today'.
5 people like this.
Reply 12 - Posted by:
DVC 1/16/2021 1:46:02 PM (No. 663217)
Running the printing presses 24/7.
7 people like this.
Reply 13 - Posted by:
DVC 1/16/2021 1:47:20 PM (No. 663219)
"Billions"?, #2, LOL!
They are already well out into multiple trillions. A trillion is 1,000 billion. Or a million millions.
Whatever. It's all going to be monopoly money soon enough.
6 people like this.
Reply 14 - Posted by:
bad-hair 1/16/2021 3:33:11 PM (No. 663308)
A trillion here, a trillion there. Before you know it you're talking real money.
As long as they use the high speed printers they ran the ballots off on, what could go wrong.
Make sure your thumbs are firmly connected to your "Smartphones" idiots. Google BROKE and keep your mask on.
5 people like this.
Reply 15 - Posted by:
Hermit_Crab 1/16/2021 3:45:18 PM (No. 663317)
Like a 12 year old with no parental supervision who is accidentally issued a credit card with no limit.
7 people like this.
Reply 16 - Posted by:
tsquare 1/16/2021 5:22:46 PM (No. 663375)
There is not enough income above $400,000 to pay $2 trillion per year in new taxes to support these liberal fancies
4 people like this.
Reply 17 - Posted by:
NeverForget 1/16/2021 5:56:46 PM (No. 663402)
In short, leftists have no idea how theyre going to pay for their socialist fantasies and the basic rules of economics -- principles a well-raised 10-year-old understands -- do not concern them in the least.
4 people like this.
Reply 18 - Posted by:
weirdone 1/16/2021 6:40:10 PM (No. 663431)
Welcome to the financial future you have voted for, my liberal friends!
The National Debt is 27.7 Trillion dollars as of 1:00 PM 1-7-2021. That is $222,191.00 per tax payer. The U.S. GDP was estimated to be 21.4 trillion in 2020, the latest figure available. The debt is now 6.3 trillion dollars more the than the entire economic output of the country, and will only grow with increased job and business losses.
The Treasury Department and the Fed are still practicing " Quantitative Easing," with interest rates below 1%. The Fed is buying Treasury Bonds at the rate of $128,000,000,000 per Month. In order to do this, the presses are running 24/7 printing money. Fake money buying worthless treasury bonds. Although they will never admit it, the Fed has "Monetized the debt."
Foreign central banks are selling U.S. Treasury bonds at a record pace. China, Japan, France, Brazil and Colombia led the pack of countries dumping U.S debt. Russia has already sold 84% of its U.S. Treasuries. And the value of the dollar continues to fall.
The projected budget deficit for 2020 is $3.3 Trillion dollars, raising the total debt to 31 trillion dollars.
The insanity of continued spending will, at some point in the near future, cause the US dollar to collapse. The ensuing recession/depression will be unavoidable, and more economic stimulus will only hasten the outcome.
What does the newly elected Congress and Presidential Administration promise, trillions more spending, and more economic lock down. The result will be businesses closed forever, more jobs gone forever and more people dependent on government forever.
There is one thing I am very confident of, contrary to the liberal BS, the rich will not pay, most of our "leaders" are the rich, and they exempt themselves from everything.
In a vain attempt to forestall the effects of their failed policies, they will come for your 401k's, your Vanguard and Fidelity accounts, which liberals have had their sights set on for decades, as the only source of "Unused Money." Couple that with an inability to continue paying Social Security and Medicare costs and you have the making of the "perfect financial storm."
Pray no Civil War 2.0 ensues.
4 people like this.
Reply 19 - Posted by:
WI Cynic 1/16/2021 8:07:17 PM (No. 663488)
It's no longer our kids nor grandkids footing the bill. Our great-grandkids will be paying on this.
1 person likes this.
Reply 20 - Posted by:
MDConservative 1/16/2021 9:10:21 PM (No. 663536)
PDT signed over TRILLIONS, and few here squawked. How will that all be "paid for"? The short answer is it never will. Low interest and inflation will be used to keep US sovereign debt in perpetual churn. And that's not a Democrat or Republican policy...it's wholly bi-partisan in keeping with the lack of exchange standard. Now, if actual gold or silver was attached to the dollar... We're all socialists now.
2 people like this.
Reply 21 - Posted by:
snakeoil 1/16/2021 10:43:44 PM (No. 663576)
They don't have to print more money. Money is now just numbers in computers. The money in my wallet has been there for years. I use plastic cards for everything. The current budget buster is nothing compared to The Green New Deal. Twenty years from now everyone will have electric cars, electric houses, and a cheeseburger and a cup of coffee will cost $ 75.
1 person likes this.
The truth is that these clowns have no clue what to do about the nation's ills. That's because they are the problem
1 person likes this.
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