Posted on 01/18/2021 9:28:13 AM PST by John Semmens
A week ahead of being inaugurated, President Joe Biden announced his $1.9 trillion plan to stimulate the economy. The plan is a list of handouts--$1,400 checks to individuals (including illegal immigrants), unemployment bonus payments, a $15 per hour minimum wage, bailouts for improvident state and local governments, student debt forgiveness, transit subsidies, and "health equity" grants.
Economist Stephen Moore estimates that "this so-called stimulus package will cost four million jobs. None of the elements of this plan reward or encourage work or investment—the two main drivers of economic prosperity and growth. A better plan would be a one-year cut of the payroll tax. This would stimulate businesses to expand and hire more workers. These workers would have more take-home pay to spend. This spending would result in more revenues for businesses and further stimulate prosperity."
Biden's nominee for director of the Office of Management and Budget, Neera Tanden, rejected Moore's criticism, saying that "it is the same old Republican nostrum hailing work as the solution to poverty. On top of that, it's impractical since so many businesses have been shut down by gubernatorial decrees in so many places. We need to adapt to this new normal, not fight against it."
"The President's plan doesn't depend on work because he realizes that work is only something people are forced to do to put food on the table," she added. "We repudiate this simplistic and coercive system. Leisure is the aim of all people. Most have to work for decades in order to earn enough to retire so they can enjoy leisure. President Biden aims to free everyone from this wage-slavery. This is what the voters elected him to do and what he will do. If he is successful, by the end of his two terms no one in America will be working for a living."
If you missed any of the other Semi-News/Semi-Satire posts you can find them at...
http://www.gopbriefingroom.com/index.php?topic=425765.0
It will destroy more than that,,,,,how about the economy,,,,how does he and rice plan to pay for everything without income?
This isn't semi satire at all.
Intentionally.
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