Biden’s insane new spend-fest is
a recipe for national disaster
New York Post,
by
Editorial
Original Article
Posted By: Imright,
3/31/2021 7:38:05 AM
Three. Trillion. Dollars. Maybe four: That’s how much President Joe Biden wants for his next installment of Let’s Remake America. Think of it as pumping gasoline by the shipload onto a wildfire.Fresh off signing a $1.9 trillion bill for “COVID relief” (that has little to do with COVID or relief), the prez is now set to roll out yet another tranche of his free-money orgy Wednesday. It’s so huge, he’s splitting it into two parts — one focusing on infrastructure, a second on progressive, social-policy wish-list items.Together, they’d represent the single-largest outlay of cash in US history. And the aim is to “fix” everything from the
Reply 1 - Posted by:
hershey 3/31/2021 8:01:05 AM (No. 740278)
The only way to 'fix' anything is to dump ALL the democraps from the white house and the congress....
15 people like this.
Reply 2 - Posted by:
jinx 3/31/2021 8:18:03 AM (No. 740300)
Don't forget the RINO's. They have to go too since they go along with the Democrat/Socialists all the time. They all think money grows on trees. Well, it doesn't. We are out here working hard for it and should be able to put it in our own pockets instead of Dementia Joe's. He doesn't have a clue as to what is going on. His children and Dr. Jill should be ashamed of themselves for destroying America because they want the perks of living in the WH and having round the clock Secret Service, Air Force One travel, and a fawning Press that praises them no matter what they do. Shame on all of them!!!!
10 people like this.
Reply 3 - Posted by:
bad-hair 3/31/2021 8:21:01 AM (No. 740302)
Let's see
5 TRILLION pandemic "relief"
4 TRILLION infrastructure after 3 months in office.
Why TAX anybody. Just print it ALL like Venezuela and Zimbabwe.
14 people like this.
Reply 4 - Posted by:
doctorfixit 3/31/2021 8:25:48 AM (No. 740312)
Why postpone the inevitable? Let's get it over with, the sooner the better, and better to have it happen while the Manson Family is running America and while I am still reasonably capable.
5 people like this.
Reply 5 - Posted by:
planetgeo 3/31/2021 8:30:45 AM (No. 740319)
It used to be that Democrats were the only ones who were born without the Math gene. Now, everyone seems to have that genetic defect. Like the commercial says, they all believe that those "stimulus" checks are free...free, free, free-free-free.
Oh wait, today Uncle Joe is going to announce his new multi-trillion dollar tax plan. Saaaay, do you think there's a connection?
6 people like this.
Reply 6 - Posted by:
weirdone 3/31/2021 9:22:10 AM (No. 740406)
Welcome to the financial future you have voted for, my liberal friends!
The National Debt is 27.8 Trillion dollars as of 1:00 PM 1-21-2021. That is $222,191.00 per tax payer. The U.S. GDP was estimated to be 21.3 trillion in 2020, the latest figure available. The debt is now 6.5 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. At the same time cooperate taxes will be passed on to the consumer, you and I and the rest of those already paying the bills.
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.
1 person likes this.
Reply 7 - Posted by:
DVC 3/31/2021 9:31:06 AM (No. 740426)
Their intent is to absolutely collapse the economy and impoverish all of us.
7 people like this.
Reply 8 - Posted by:
bad-hair 3/31/2021 9:33:15 AM (No. 740433)
The Republic of Texas approaches.
Texas, Oklahoma, Kansas, Nebraska, S Dakota, N Dakota, Montana, Alberta (Canada), Saskatchewan (Canada), Manitoba (Canada), and a few states along the sides. Let's go EAST. Louisiana, Mississippi, Alabama, Florida.
We have every shipping port in The Gulf of Mexico and half the Atlantic and more oil than the Saudis ever dreamed of.
California and New York can print their own money. If they want to trade they can use Panama. We WILL protect our borders ,north, south, east, and west.
If you're coming to visit Texas bring your US passport with the pre-approved visitor's visa
4 people like this.
Reply 9 - Posted by:
moebellini3 3/31/2021 10:05:06 AM (No. 740504)
The sickening part is, our country is being run by a man suffering from some form of dementia, something that confuses him and prevents him from putting two coherent sentences together. At his side is a VP who can't stop laughing. No matter what the subject, whether it be about your kids going back to school or the border crisis, she breaks out into laughter. Nobody else is laughing, just her. These are the two morons making decisions about our country and our lives. Its appalling and there's no way out. Got it.,.
5 people like this.
Reply 10 - Posted by:
gobushcheneygo 3/31/2021 10:58:27 AM (No. 740573)
How else can the globalists usher in The Great Reset? Collapsing the world's economies is their goal and it's happening at warp speed.
3 people like this.
Reply 11 - Posted by:
Proud Texan 3/31/2021 11:35:09 AM (No. 740627)
I see commentators calling for the Republic of Texas approaching. That sounds good but I have bad news for you. The people in Austin are just as brave as the ones in D.C. and just as unaware of the seriousness of what it happening to this nation. I don't think there is a chance in heck that they will stand up and let us vote on Texit. I dearly hope that I am wrong.
3 people like this.
Reply 12 - Posted by:
Lazyman 3/31/2021 11:42:27 AM (No. 740636)
Debt doesn't matter until it does.
3 people like this.
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