Posted on 05/27/2021 7:26:02 AM PDT by ChicagoConservative27
President Biden is set to propose a budget totaling $6 trillion in the coming days, The New York Times reported early Thursday, about a third higher than pre-pandemic spending levels.
The proposal would contain major investments in infrastructure, education and health care, according to the Times, and bring federal spending levels to their highest sustained level since World War II.
Under the plan, documents for which were obtained by the Times, the federal government would spend $6 trillion in the 2022 fiscal year and spending would increase to $8.2 trillion by the year 2031.
(Excerpt) Read more at thehill.com ...
And where does the money for all this spending come from?
I know some will come from tax increases. But what about the rest of it? And whatever happened to the national debt ceiling? If they are projecting trillions in deficit spending, and new borrowings to cover that, then, what about the national debt ceiling? Is that just ignored nowadays?
Tax increases will yield almost nothing. The middle class won’t be making more, and the rich will hide their income.
Our national leadership and their beltway friends with Wall Street have failed. Period. They believe they can simply continue to debase our currency to benefit them and their friends and some even convince themselves that their drunken spending on credit actually benefit the American people and make the nation stronger for future generations.
This is insane. There are plenty of republicans who want to play these games as well. What they are doing to our children and grandchildren is immoral, illegal, unethical, and in my opinion unconstitutional.
They are robbing our children’s future. There is no way to sugarcoat it. The last administration did not have the political capital with congress to rein in spending either.
“ And where does the money for all this spending come from?”
They just borrow it or print it. Taxes haven’t covered Federal spending for decades.
L
They tell us to follow the science, yet all of their economic policies and higher taxes have been shown conclusively to decrease economic activity and decrease tax revenues.
I guess economics is not a science.....
I DEMAND TO KNOW WHO IS RUNNING THE BIDEN ADMINISTRATION!
what about the national debt ceiling?
Democrats poised to break through glass debt ceiling?
Just apply for another credit card?
Socialist Jenga can’t stand forever but it doesn’t matter
to them, they’ll just say conservatives pulled out the
wrong block.
A $6 trillion budget with a tax base of $3.5 trillion. AND Biden puppet says we should do that until 2031.
That is not a budget ladies and gentlemen, that is a disaster.
A trillion here, a trillion there. Pretty soon, we’re talking real money.
...and the market continues to rise with this news?
Crazy times
Bread at $10 a loaf. Gas at $7 per gallon.
Inflation will result in salaries in higher numbers of dollars, which means they will hit the new tax rates through bracket creep, and puppet man will claim he didn’t raise taxes.
Thank goodness I have a good wheelbarrow.
I will need it to transport cash to buy a loaf of bread.
FR: Never Accept the Premise of Your Opponent’s Argument
Other than postal roads and other federal property purchased under the terms of the Constitution's Article I, Section 8, Clause 17, patriots are reminded that the states have never expressly constitutionally given the feds the specific power to tax and spend in the name of INTRAstate infrastructure, education or healthcare.
More specifically, unaccountable, unconstitutional, desperate Democratic “federal” funding for such things is arguably state revenues stolen by the post-17th Amendment ratification, unconstitutionally big federal government by means of unconstitutional taxes.
"Article I, Section 8, Clause 7: To establish Post Offices and post Roads;"
"Article I, Section 8, Clause 17: To exercise exclusive Legislation in all Cases whatsoever, over such District (not exceeding ten Miles square) as may, byCession of particular States, and the Acceptance of Congress, become the Seat of the Government of the United States, and to exercise like Authority over all Places purchased by the Consent of the Legislature of the State in which the Same shall be, for the Erection of Forts, Magazines, Arsenals, dock-Yards, and other needful Buildings [emphasis added];—And"
"10th Amendment: The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people."
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States." —Justice John Marshall, Gibbons v. Ogden, 1824.
”[…] the care of the property, the liberty, and the life of the citizen, under the solemn sanction of an oath imposed by your Federal Constitution, is in the States, and not in the Federal Government [emphases added].” —Rep. John Bingham, Congressional Globe, 1866. (See about middle of 3rd column.)
”From the accepted doctrine that the United States is a government of delegated powers, it follows that those not expressly granted, or reasonably to be implied from such as are conferred, are reserved to the states, or to the people. To forestall any suggestion to the contrary, the Tenth Amendment was adopted. The same proposition, otherwise stated, is that powers not granted are prohibited [emphasis added].” —United States v. Butler, 1936.
The remedy for unconstitutionally big federal government…
Trump's red tsunami of patriot supporters need to primary all candidates for federal and state government office who will not promise to help put a stop to unconstitutional federal government overreach, including stopping unconstitutional federal taxes.
Also, since Congress has repeatedly shown that it cannot be trusted to police itself against unconstitutional federal spending, federal and state candidates who won't promise to require the Congressional Budget Office by law to promptly and publicly report when Congress cannot justify an appropriations bill under its constitutionally enumerated powers also needs to be primaried.
And to make such changes permanent, patriots also need to support state lawmakers in repealing the 16th and ill-conceived 17th Amendments.
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