The $28 Trillion American Albatross

Townhall.com ^ | May 22, 2021 | Chris Talgo

[Shadylake]

While it makes sense, worrying about deficits and debt is a loser politically from now on. People vote themselves the gibs

[PGalt]

Socialism is Legal Plunder - Bastiat; “The Law” (1801-1850)

[napscoordinator]

That was coronavirus bill number 3. Oh and why the accolades for Biden on this bill when trump signed two prior? Biden has signed ONE bill his whole time in office and they act like has saved America. I’m sick of it.

[Semper Vigilantis]

I really wish Texas would come up with a way for Texas Citizens to pay taxes only to Texas and have the state pay the Feds for what we need from them - defense. Screw their roads, welfare and foreign aid. If the liberals want to feel good, they can cough up the dough.

[Eric in the Ozarks]

He’s such an oaf...

[Jim Noble]

It actually doesn’t make sense to worry about this.

We haven’t had real money since 1964, maybe since 1933, and virtual money seems to be serving its two purposes very well: acquisition of consumer goods and transfer of wealth from ordinary people to the money creators.

[Shadylake]

Texas doesn’t even seem to be able to pass constitutional carry. This state sucks.

[mewzilla]

TX gets over 400 bil a year from Fedzilla.

Until TX finds a way to wean itself off the federal teat, TX’s mouth is writing checks its butt can’t cash.

[Bernard]

It's very late to complain about the imaginary number that used to be called the National Debt. There is no conceivable way to pay it down, let alone pay it off.

The last time the national debt decreased from one fiscal year to the next was the year ending 12/31/1960. That is so far back that it precedes Joe Biden being in the Senate.

No annual budgets presented by the President, and all of these emergency spending sprees are off-budget anyway. Waiting for a journalism major to understand the federal budget / appropriation process, let alone report on it, is another pointless expectation.

[Hattie]

The United States of America needs a rescue plan? How about common sense leaders? how about closing the borders? how about putting people back to work? how about returning manufacturing and giving jobs to people? how about making people responsible for their own selves?

[hopespringseternal]

Take away all the nonsensical fed mandates and every state comes out way ahead.

[mewzilla]

Last I knew Texas still exceeds every federal mandate.

[mewzilla]

If Medicaid expansion ever passes in Texas, the state is done.

[Elsie]

Why just Texas?

[mewzilla]

Not just Texas. But Texas, at the moment, is still a holdout.

[mewzilla]

And Texas is a popular place to move.

At the moment.

[wita]

Socialism is Legal Plunder

I realize it’s a quote, but how can plunder ever be considered legal?

[Alberta's Child]

We don’t need a balanced budget amendment. Any future Congress can impose immediate fiscal responsibility by refusing to appropriate funds to pay interest on U.S. Treasury securities. In effect, we simply default on the debt.

It will be catastrophic for our economy in the short term, but it will fix sh!t in a hurry.

[mewzilla]

http://bastiat.org/en/the_law.html

Bastiat explains it very clearly.

And we’re living it.