Biden wants to spend 5.8 TRILLION dollars

twitter ^ | April 4 | Nick Gillespie

[RandFan]

@nickgillespie

Massive debt & unsustainable entitlements are staring us right in the kisser but @JoeBiden's budget doubles down on federal spending that is fueling inflation--it promises a $1.2 trillion deficit next year. He's rearranging deck chairs on the Titanic!

Video...

[RandFan]

Very good short video explaining the mess

[mountainlion]

Buyden wants ice cream and little else.

[TimSkalaBim]

In a sense, this is a going-out-of-business sale of dollars.

[Sgt_Schultze]

Just as obama did in his first 8 months, Bidet packed extra spending into FY 2020 (Trump’s final year) to inflate the baseline before his own first year began Oct 1 2021. That way, an extra $1 trillion became the new operating budget while looking like the deficit was “cut” by hundreds of millions.

Republican presidents should use this same trick.

[TakebackGOP]

Worst President ever.

[ARW]

Meh…a republican president would spend 5.4MM. DC has only their best interest at heart.

[Vaduz]

Biden wants to spend 5.8 TRILLION dollars

Obama act three more failure ensues depression nearing fast.

[mewzilla]

Why are we still trotting out BiteMe wants this, BiteMe wants that...

BiteMe wants pudding.

Deep State wants us fat, stoned, ignorant, impoverished, malnourished, stationary...

Take it up with Deep State, not their useful idiot.

[Basket_of_Deplorables]

Milton Friedman won the Nobel Prize in Economics by proving that the ONLY thing driving inflation is the money supply.

Doesn’t matter what you do, if you print and spend more money, created out of thin air, you will cause inflation until the new total amount balances against supply and demand.

It’s the law.

And now we’re running around 15-20% inflation, if you measure it the same way they did in 1980. Jimmy Carter level. Actually, more. And accelerating.

We’re going to have 25% inflation in 6 months, food shortages, gas shortages, all the fun stuff.

Count on it. Plan accordingly.

[Basket_of_Deplorables]

Oh, and the ONLY way to stop ot, before it balances itself via years of inflation, is to decrease the money supply.

How? Jack up interest rates, to about the rate of inflation. That can’t happen, because interestmon the fed debt would take the entire budget, and the fed goes bankrupt.

So their only choice is to let inflation run its course, until everything is more expensive by roughly the same % as the money supply increases.

Wich is 100%. Meaning everything in the US must double in price. IF they don’t make it worse, by more deficit spending.

Which they won’t stop.

Rinse, repeat.

It’s here to stay.