Posted on 03/10/2021 4:45:41 AM PST by Kaslin
Passage of the $1.9 trillion spending bill has Democrats giddy. President Biden termed it “historic.” Senator Schumer calls it “a great day for this country.” Not to be outdone, Senator Debbie Stabenow gushed, “People on the floor, in our caucus, it was almost like tears in their eye. I mean, I felt it.”
Here is what actually historic. According to the Congressional Budget Office, the Biden one-term deficit will total a forecasted $8 trillion, including the $1.9 trillion, spiraling to $11 trillion if Democrats follow through on next month’s planned $3 trillion bill for “infrastructure.”
Republicans have widely noted the huge waste in the spending bill. Of $1.9 trillion, only $465 billion is due to the $1,400 check, putting the bill’s pork and payoffs at $1.4 trillion. Economists have identified the enormity of planned spending, and its recklessness. Even stalwart Democrat supporters recognize the Biden administration utter disregard of fiscal responsibility.
But that is not the full measure of the worst. Driving the country exponentially into ever greater indebtedness fairly and objectively marks the end of the American dream.
(Excerpt) Read more at americanthinker.com ...
Its OK, China will finance it all. They can do a little debt diplomacy with us.
What could go wrong?
Elections have consequences
Lose the House, Lose the Senate, lose the right to complain
I want my CHECK!
More money, I don’t care, I want another on in JUNE TOO!
I noticed about 20 years ago that billion became the new million. And in the last couple of years, trillion became the new million.
Two questions: First, how long before quadrillion becomes the new million. Second, why is my income not also increasing exponentially?
That’s the plan. Totally destroy our economy so that the One World Government banks can take control of our nation with the UN being chosen to run it. Biden will be handed his pink slip and told to go home to China to live out the last weeks of his sorry and miserably worthless, thieving, lying, cheating, stealing and crappy life. Red China will be brought in to keep so called “law and order” because they will his hesitate to shoot our citizens.
No one/no country is financing it/the USA is not and has not been and will not be borrowing money.
It is all “digital dollars” created out of thin air. So the government does not borrow from no one/no country etc. and the government will not owe. It is all b’s!!!
What I have found missing in the myriad of reports on Biden’s $1.9 trillion Slush Fund, is a detailed listing of where the money is going.
Has anybody found such an analysis?
Seems taxes on the voters is passe’.
Driving the country exponentially into ever greater indebtedness fairly and objectively marks the end of the American dream.
Granted, but it’s the “beginning” of the Mexican, Guatemalan and Honduran dream. Don’t be so self serving...think Globally.
/s
If he kept the 2020 run rate the deficit would be over $13T.
When their side does it it’s about “equity” and “for the people”. Our side is supposed to pretend we care about bankrupting an entire nation. Well I’ve stopped caring.
When spending became divorced from economic success, it was just a matter of time before democrats (and even many republicans) decided that, debt and deficits didn’t matter.
Now, it’s just a matter of time before the economy stops being productive and recessions and even depressions become normalized. But, heck, the solution is always more spending, and nobody cares since the other guy is always to blame.
Just shut up and pay your taxes and take your $1400 check. There’s a country to destroy.
$465 Billion at $1400 per person means that the author expects about 330,000,000 (million) checks to be issued. Does everybody get one, including dependents at $1400?
I’ve been saying that for years. I say we give everyone what they want. Spend like crazy and accelerate the end. Bring it quicker because the slow death is worse. It makes you think you still have a chance to stop it and reverse course...
Biden has shackled our children and grandchildren.
They are joyous because Cloward-Piven is real.
It was a great run, but all good things...
Here’s a decent rundown. Maybe not complete, but not bad.
https://m.washingtontimes.com/news/2021/feb/24/latest-pork-packed-covid-relief-bill-costs-too-muc/
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