Why is the economy in tatters right now? Why is it so expensive to buy an old car, house, or even groceries? It’s largely thanks to Joe Biden, who pumped $1.9 trillion into the economy, with no way to pay for it.
That injection of new cash lowered the value of the dollar, just as Americans were struggling to get back to work after the pandemic. Biden and the Democrats’ reckless “rescue” bill caused much more harm than good and is contributing to the rise in cost of nearly everything in sight.
But, hey, why let the facts get in the way of a runaway Congress? Democrats have struggled to get Biden’s toxic agenda done, knowing they will have zero support of Republicans in the 50-50 Senate. They used reconciliation, a budget loophole, to get the first spending bill done.
And even as the economy falters, and Biden’s approval crashes, they want to do it again.
Senate Democrats will reportedly ram through a $3.5 trillion spending bill that will “enact the full array of President Joe Biden’s social welfare” agenda without any bipartisan support in a Senate that is split 50-50…
The news comes as inflation has skyrocketed in recent months, driven in large part by the massive government spending from the Biden administration…
Sen. Mike Lee (R-UT) responded to the news by saying, “$3.5 trillion in new spending is $3.5 trillion too much and $3.5 trillion we don’t have.”
Economist Brian Riedl responded by writing on Twitter: “The idea that Senate Democrats have achieved unanimous support for $3.5 trillion(!) in specific reconciliation offsets is absurd. Surprised if they could pass 20% of that. Even their medium-size tax hike proposals have always been a bluff.” [Source: Daily Wire]
Word has been bouncing around in recent weeks that Republicans and Democrats have reached a bipartisan deal for spending a much lower amount on real infrastructure. But all that progress might get torched, if Democrats plan on ramming this $3.5 trillion plan through.
One of the many problems with this plan is how Democrats are going to pay for it. Chuck Schumer plans they have a “robust way” for paying for it. Uh-huh. Without massive tax increases—which would cripple the economy and kill jobs—this spending plan would send inflation through the roof.
Think things are too expensive now? Imagine what will happen if Democrats spending $3.5 trillion with money they don’t have? The dollar will be worth nothing. Gas would be $8 a gallon. And more Americans will end up on the streets.
It’s amazing to see just how stupid Democrats are. For four years, they watched Trump succeed in restoring the economy, bringing back jobs, and seeing America boom. They have no idea how to do anything to actually help regular Americans.
It’s still a question whether this toxic spending bill will have legs, though. For it to pass, Democrats will need every last member to support it. There is a chance moderate senators like Joe Manchin will balk at such a plan, especially since he said he would not support partisan deals.
I guess we’ll have to wait and see.
Author: Mac Jones