Posted on 08/02/2021 2:17:04 PM PDT by John Semmens
Sen. Joe Manchin (W.Va) was booed by fellow Democrats at a caucus luncheon for expressing concern that the Party's proposed $3.5 trillion "infrastructure" spending bill "would impose a heavy burden on the economy and future generations."
Rep. Alendria Ocasio-Cortez (NY) characterized Manchin's concern as "nonsensical and unpatriotic. The government has the power to create as much money as it wants. Nominally, expenses not covered by current tax revenue are covered by borrowing. His lamentation that the sums borrowed can never be repaid misses the point. Who buys the Treasury bonds that make up the debt? Rich people and rich corporations. There is no moral imperative for them to be repaid."
"In fact, unpaid deficits are an easier way to confiscate undeserved wealth than enacting higher taxes," the Congresswoman argued. "Tax legislation can be lobbied against or filibustered. Bonds represent wealth that has been voluntarily handed over to the government. Those who anticipated using this debt to further enrich themselves on the backs of the working class will be the authors of their own expropriation. It may not be as dramatic as the 'hanging of the capitalists with the rope they sold us' that Lenin envisioned, but it will be more efficient."
In related news, Vice-President Harris' plan on how to deal with the immigration crisis was unveiled this week. According to her, "the root cause of the persistent desire to emigrate to the United States is the great disparity of wealth between the United States and the places these people are coming from. Eliminating this disparity is the only sure way to deter them from coming. President Biden has already taken significant steps toward making this happen. He's increased regulations that will curb business investment in this country. He's proposed tax reforms that will decrease the incentive to earn money. He's backed spending programs that promise to seriously undermine the value of our dollar. The one thing we haven't yet done is to adequately communicate these initiatives to those who mistakenly still see the United States as a land of opportunity. I aim to make it my mission to persuade those seeking economic opportunity that their dreams are no longer achievable here."
If you missed any of the other Semi-News/Semi-Satire posts you can find them at...
https://www.gopbriefingroom.com/index.php?topic=444170.0
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