Posted on 01/15/2021 11:07:42 AM PST by Onthebrink
The Biden stimulus package is truly epic in size. It would be more than twice the size of the 2009 Obama budget stimulus and would come on top of the more than US$3 trillion in Covid-19 budget stimulus measures enacted last year. It would also be coming at a time that the U.S. registered a record budget deficit last year, which raised our public debt to GDP ratio to over 100 percent. That ratio was higher than that which prevailed after the Second World War.
Mr. Biden is justifying his spending proposal on the grounds that all too many people are in economic distress and that fighting the health crisis will need a lot more money. He is also making the argument that interest rates are at currently very low levels and that low-interest rates should allow the country to bear a larger public debt burden without damaging economic side effects.
(Excerpt) Read more at 19fortyfive.com ...
Joe Biden is a 1.9 trillion mistake. Well if obama was a 10 trillion mistake bidens gotta be like 20 trillion.
That’s a duh. Along with little things like calling all whites racist, destroying small business, many others.
any congresscritter that signs onto this needs to also sign an addendum immediately forfeiting their personal wealth and that of their children. Because that is the sentence being imposed on the children of working folks with this debt. You cannot spend money you don’t have. And we don’t have another 2 trillion floating around.
Wait until interest rates go up...
Joe Dementia stumbles before he’s even in office.
It’s a ‘Rat Urban and State Utopia partial bailout.
You beat me to it. This demented evil jackass is a cancer, unduly and illegally imposed on the country. Who is his Svengali? You thought Obozo was bad—you ain’t seen nothing yet.
Any and all of this “free money” has been a mistake.
Open the damn economy and quit restricting peoples lives.
Xi, Soros, Satan.
Bush made all this possible. What a disaster that guy was. Set the stage for the commies. Trump never had a chance/
Anybody who lends money out for 10 years at 1% interest is a fool.
Classic Democrat economics: destroy small businesses, then bail them out.
Just like “shovel-ready jobs”. One guy digs a hole, another one fills it up, every day. Magically, you’ve created two jobs!
Coming soon to a store near you...a bushel of currency for a loaf of bread. Hyper inflation will soon be upon us.
Where else can the fed go? They’ve boxed themselves in. By design?
No sense wasting out time discussing this. Even with a Rat Majority there will be some Republicans signing on to this.
We just witnessed ten Traitors from our side of the Aisle Voting to Impeach our President labeling him a Traitor.
It’s a done deal as soon as Joementia takes Office.
The Horse is out of the Corral and it’s running at break neck speed toward the nearest cliff.
It’s not “stimulus.” It’s an old fashioned Democrat pork barrel blow out.
The usual Democrat money laundering and paying off their special interest groups, along with expanded government. You can image how the Federal Vaccination Centers thing is going to go. Money poured into projects that will be far too late but it will be jobs for the boys and money to be sent back to Democrat coffers and increased government involvement in and regulation of health care. Guess where you are going to have to go to get your “papers”, your official government stamp of approval and acceptance.
Hey Joe, you won, you can tell the dem govs to free the people. The lockdown is no longer necessary to hurt Trump. The election made the virus go away.
We must be in “crisis” mode..how did we get here..I can only guess./s
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