In the history of mankind, many republics have risen, have flourished for a less or greater time, and then have fallen because their citizens lost the power of governing themselves and thereby of governing their state. TR

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Biden proposing endless, unlimited spending and taxing

This is the beginning of true socialism in this country. And with Democrats in control of Congress, it is likely to pass.

And once programs are in place, it is tough to undo them. You can decide whether to give your child something. But just try taking it away once they have it.

Mixed into the argument for the spending is that needs are not just something people want, but are racial or other kinds of “injustices” that must addressed. That argument makes it even tougher to resist.

Even the New York Times seems a little shocked by what’s going on:

“President Biden will propose a $6 trillion budget on Friday that would take the United States to its highest sustained levels of federal spending since World War II, while running deficits above $1.3 trillion throughout the next decade.

“Documents obtained by The New York Times show that Mr. Biden’s first budget request as president calls for the federal government to spend $6 trillion in the 2022 fiscal year, and for total spending to rise to $8.2 trillion by 2031. The growth is driven by Mr. Biden’s two-part agenda to upgrade the nation’s infrastructure and substantially expand the social safety net, contained in his American Jobs Plan and American Families Plan, along with other planned increases in discretionary spending.

“The proposal shows the sweep of Mr. Biden’s ambitions to wield government power to help more Americans attain the comforts of a middle-class life and to lift U.S. industry to better compete globally in an economy the administration believes will be dominated by a race to reduce energy emissions and combat climate change.

“Mr. Biden’s plan to fund his agenda by raising taxes on corporations and high earners would begin to shrink budget deficits in the 2030s. Administration officials have said the jobs and families plans would be fully offset by tax increases over the course of 15 years, which the budget request backs up.

“In the meantime, the United States would run significant deficits as it borrows money to finance his plans. Under Mr. Biden’s proposal, the federal budget deficit would hit $1.8 trillion in 2022, even as the economy rebounds from the pandemic recession to grow at what the administration predicts would be its fastest annual pace since the early 1980s. It would recede slightly in the following years before growing again to nearly $1.6 trillion by 2031.

“Total debt held by the public would more than exceed the annual value of economic output, rising to 117 percent of the size of the economy in 2031. By 2024, debt as a share of the economy would rise to its highest level in American history, eclipsing its World War II-era record.”

5 thoughts on “Biden proposing endless, unlimited spending and taxing”

    1. Thanks for posting link, Panama John. I bookmarked the link.

      In looking at the debt clock, every Tax Payer now owes $225,310 (more by now as it increases every second). Double that amount if you are married and you both pay Federal Income Taxes. Figures I’ve seen from other sources indicate that anywhere from 44% to 48% don’t pay any Federal Income Tax. So, it’s us, the taxpayers, who are stuck with the bill. What’s frightening are the Social Security and Medicare liabilities per the debt clock. Numbers are staggering.

      Last time our national debt was greater than the GDP was at the end of WWII. But, just about all that debt was financed by U S citizens through mostly U S Savings Bonds (remember those?). We paid that debt back in no time.

      Unfortunately, It’s a totally different story now. A lot of our current debt is owed to foreign powers. Needless to say we’ve got big problems. China, Russia and all our enemies are happy. God help us!

  1. Our Military is a joke. You can join and become a man or a woman and us tax payers pay for that nonsense. Read a few months ago the Pentagon stated our military isn’t ready for Gorilla Warfare. Where is our Militias? Not the state the private ones? They exist only they are not talking. Look at how many people are in our country versus our Govt. Some uneducated people want this as they are lazy and think they won’t have no worries. We will watch our beautiful country go down without a fight.

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