BY BILL JUNEAU
President Joe Biden's $739 billion dollar Economic package, we are told, will cost middle class taxpayers nothing; and will beat back inflation and stave off any recession which is here now or coming down the pike.
The Congressional Budget Office responded that the Team Biden package will have a "negligible effect" on inflation this year and the next. It will however bring down the nation's deficit by some $300 billion over 10 years and that's being celebrated by Democrats. But the deficit reduction news has to raise some conservative eyebrows. In Biden's first year as President, the obsequious Democrat- controlled Congress added $2.7 trillion to the nation's growing deficit. With that spending going on, a reduction of 300 billion is not necessarily a moment for celebration.
The rest of the gigantic package will rely on a tax increase on corporations, and on an enlarged and aggressive Internal Revenue Service (IRS) to generate the funds to pay for everything. According to Biden, the wealthy will be made to pay more and the mission will be to preserve the American way and to fight climate change. The big rich money grabbers must now " pay their fair share," Biden has emphasized while bending over a microphone, grinning and speaking in his customary horse-whisper.
A few weeks ago, while the inflation reduction package was being processed by concerned Americans, Biden signed legislation designed to eliminate student debt in full or in part, and have the nation's taxpayers wipe out the open loans for a couple million students and former students. Cost estimates for that monstrosity are running from $300 billion to $600 billion--or even into the trillions.
The school debt forgiveness has drawn heavy criticism since the program has been put on the backs of taxpayers who may have already paid their way through college, or paid off loans or did not attend a university because of the costs. The idea that students who have worked and sweated to pay back their loans, should now pay off loans of others does not appear to be sitting well with Americans. It is anticipated that the loan forgiveness program will be challenged in the court on grounds that the dim-witted Biden is usurping authority which belongs solely to Congress.
As America is limping along spending on one social program after another, about $45 billion in military and domestic assistance has been sent to the Ukraine for its war with Russia. Biden says that the United States will continue its assistance to Ukraine for as long as there is a war, as the borders of that democratic nation must be protected from Russia at all costs. Annual foreign aid of some $40 billion to about 140 other nations presumably will go without interruption.
President Biden's concern for the Ukraine border is admirable, yet a bit hypocritical, as the United States has an horrendous border problem of its own, which Joe Biden caused, but which he declines to admit and repair. In his state of the union address last February, Biden asserted that "if we are to advance liberty and justice, we need to secure the border and fix the immigration system." Since then Biden has simply turned a blind eye to the open borders and to enforcing laws which he himself had voted for.
Here in America, on the nation's southern border with Mexico, many thousands of uninvited migrants are pouring in on a daily basis, their pockets often filled with illegal drugs and bullets and some brimming with ill will for the USA. Since Biden became President, more than two million illegal aliens, men, women and children, have crossed the border seeking residence in the United States.
No one really knows how many illegal migrants have even been interviewed by overwhelmed border security agents, but we do know that Team Biden has assisted tens of thousands of unvaccinated and illegal aliens by chauffeuring them about on buses and airplanes to various states where they are provided sustenance and shelters. In some cases, at Biden's direction, migrants have been given cell phones and put up in first class hotels and in military barracks.
Pregnant women are finding their way onto American shores after fording the Rio Grande river. Those ready to deliver are taken to hospitals where their babies are born, and the newborns immediately become citizens entitled to all benefits of citizenship. Their mothers and fathers are welcomed as permanent and legal residents, and given green cards. Other blood relatives like grandparents may also be welcomed as the new family settles in together. Of course, abortions are always available in "abortion safe-haven" states.
America's budget for 2021, President Biden's first year in office, was fixed at $4.05 trillion. Spending last year by Team Biden was $6.82 trillion. The deficit of $2.7 trillion was simply tacked onto the country's national debt, lifting that number to $30.8 trillion. That debt corresponds to a cost of $92,554 on the back of each and every citizen in the USA. The current year of 2022 with the Biden administration spending without reservation will drive the national debt up and over the clouds, with only taxpayers showing concern, and with Biden whispering his full approval for deficit spending.
In 2008, the national debt was around $9 trillion and Obama's social spending pushed it way up. President Reagan once gave his thoughts on the size of a trillion dollars. "If you had a stack of $1,000 bills in your hand only four inches high," he said, "you’d be a millionaire. " A trillion dollars would be a stack of $1,000 bills sixty-seven miles high."
. Physicians and mathematicians provide another example of a trillion dollars. For example, they say, if you live to be 80 years old, your heart will beat about 3 billion times. And it would take 31,688 years for a trillion heartbeats to tick away.
Biden seems fond of defending his huge spending in his usual safe harbor in front of a teleprompter, or at a news conference with his crib notes at the ready. Not a single taxpayer earning under $400,000 per year, he asserts, will be paying a dime more in federal income taxes as a result of his programs. His talk, lawyers and accountants suggest, is ludicrous.
A former White House physician who served Presidents Obama and Trump observed Joe Biden in office as Obama's addled Vice President. Said Dr. Ronny Jackson, now a Congressman from Texas, "Joe Biden is cognitively impaired and does the bidding of his underlings like Bernie Sanders and Alexandria Ocasio Cortez. At the microphone, he will follow directions from the mysterious little man behind the curtain. He simply does not know what he is doing----and he is dangerous." Jackson has said.
The 739 billion package will provide for a gigantic expansion of the Internal Revenue Service (IRS). and that department will receive an additional $80 billion. Under the legislation, the IRS will hire 87,000 new agents augmenting the present staff of 93,654 employees. These extra agents will be expected to earn their pay by bringing in more revenue--and the only way the IRS can bring in revenue is by taking taxpayers' money. Would anybody be surprised if those audits start showing up in the under-$400,000 group? Some financial analysts, in fact, are predicting that everyone filing returns needs to be ready for the IRS accountants.
According to news proBill O'Reilly, speaking on his podcast, the new agents will be digging with vengeance into the tax returns of "mom and pop" and small businesses to find those hidden dollars which the government has been cheated out of.
At present, Biden and the Democratic House and Senate are in control of government, and socialism, massive deficit spending and open borders dominate their agendas. Republicans expect to take control of the House, and maybe the Senate in the coming November mid-term elections, and Biden's impeachment is on the GOP to-do list.
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