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Deficit Spending

U.S. Government Sets Record For Most Taxes Taken In… And It’s Still Not Enough

The federal government ran a deficit of $668,267,000,000. That is because the government spent $2,790,254,000,000 during the period. The spending is running about $400bn under projections, and revenue is running about $200bn better than projected. However, this assumes that spending and tax collections will be linear throughout the year, and no other budget provisions are passed by Congress.

Government Stimulus Stimulates Only The Government

Do federal employees really stimulate the economy with their spending?  They’re only spending money that was forcibly taken from others, and then largely spent on nonsense.  Given that much of what they do isn’t value-adding, it stimulates the economy about the same way “mostly peaceful” youths do when they conduct a smash-and-grab at the local department store.  It’s more redistribution than stimulation, and not what a healthy economy needs.  The only way for the government to actually stimulate the economy is to cut taxes and get out of the way of business.

CBO…Joke Or Gold Standard

It does not matter what the ten programs are because the Republicans disagree with every one of them. The false presentation of the proposed legislation is the problem here, not the Fake price tag declared by the CBO. The other issue is the exploding National Debt. Since the start of the Pandemic, the debt has risen from $22.7 Trillion to $27.8 Trillion. That increase belongs to both Trump and Biden.

Government Spending has Become Insane

Given that the average US home price is only $270,000, it means that the average family is paying more for the government’s debt than they are for their own home.  The average family of 4 is essentially making payments on a small house for themselves, and a big house that our congress decided to buy.  The average family’s taxes could go down nearly $2,300 dollars per month if they weren’t supporting this national debt.

Biden Ain’t No “Moderate”: The Democratic Party’s Values Aren’t America’s Values

If anything has been made clear to most Americans who believe in working smart and hard, saving one’s earnings and living within one’s means, it is the fact that these virtues are no longer valued by Congress. America hasn’t had a Congress that believed in fiscal responsibility since Newt Gingrich was Speaker of the House, and as the Democratic Party shifted to the greatest levels of socialism.

Your Neighbor Doesn’t Want To Pay For $3.5 Trillion In Spending Either: Everyone Has Crocodile Arms

That is where politics and reason have gone in Washington. It is all fun and games as the backroom deals determine the fate of a bill and the future of our country. Our ace in the game is that the filibuster survives this battle. If this comes down to reconciliation, then the bill has a 50-50 chance. If the filibuster in the Senate survives, then this bill is dead on arrival.

Joe Biden Was Absent That Day In School: 2 + 1.5 > 0

When most people hear “infrastructure,” they think of roads, bridges, tunnels, and so on. But the Biden administration’s definition of the term is Olympian-gymnastics-level flexible. Apparently, the president considers it “infrastructure spending” to allocate $213 billion to build or retrofit 2 million “sustainable” houses and buildings. They also slip in $40 billion for public housing, stating this will “disproportionately benefit women, people of color, and people with disabilities.”

An Open Letter to My U.S. Representative – Hypocrisy is Not a Virtue

However, the most radical spending of the last year and a half, and I expect in our nation’s history, has been COVID economic relief bills signed by both Presidents Trump and Biden, of which you proudly stated, “This year (2020), I have supported trillions in emergency relief…” You take credit for perhaps the single greatest cause of debt and inflation in our lifetimes, yet declare yourself eager to rein in radical spending.