BY BILL JUNEAU
Like millions of Americans, I am puzzled, even baffled, over the Biden plan to spend $3.5 trillion dollars (some say the amount is closer to $6 trillion) on repairing the infrastructure, which in the words of the President, will cost nothing.
It is all figured out. "Hey, man," says the President, anyone who opposes it is standing in the way of real progress... so get aboard and "build back better." No one making less than $400,000 a year will pay a dime's more in taxes, Biden guarantees.
I acknowledge that I am no economist, and big money talk is way over my head. But when Slow Joe Biden makes pronouncements about trillions in free cash, people start wondering-- aware of his gaffes and prevaricating nature. Remember the maxim, "when it sounds too good to be true--it isn't."
It is true that too many big corporations pay no income taxes by way of legal manipulations; borrowing and financing. Biden says that that will be fixed, and, also, billionaires will find themselves in a bracket paying a higher percentage than those Americans with very limited incomes. All well and good.
The bill which may one day become law takes up about 2,500 typewritten pages with 13 titles, and stacked upwards, is impressive. The stack might even be taller than Dr. Jill, standing on her own literature books. Has anyone read it? Certainly not Slow Joe.Biden.
As it was a few years back, in the days of Obama, no one had actually read the Affordable Care Act (Obamacare) prior to its adoption into law. Someone behind the curtain did the typing and composing and digesting and Democratic stalwarts spouted its greatness. Reading of the bill came after its passage, and that's when the problems began.
It isn't Biden himself who is drafting and perusing the huge bill. For Biden, he gets an executive summary, crib notes and a teleprompter to send out the message.
To Biden observers, including honest Democrats as well as Republicans, the frail-looking 78-year-old President is clearly missing a beat and dementia has its hooks into him. One former White House physician, Congressman Ronny Jackson of Texas, has said that Biden who he has observed closely through the years is "cognitively impaired" and simply "does not know what he is doing." Can Biden's hypocritical assertions be believed? He has spoken in his dramatic horse-whisper about his "extraordinary successes" in Afghanistan and at the borders, and we know how that is playing out.
And as Congressmen and Senators now debate the spending "orgy," questions of needing to increase the national debt limit are also on the table. The threat is that failure to increase it by another six or seven trillion dollars will trigger catastrophic effects, such as the suspension of social security payments and payment of military salaries; and defaulting on government bonds and notes.
Currently, America's debt limit is at $28 trillion dollars and Congress has until October 18 to increase it, or the problems will commence, according to Treasury Secretary Janet Yellen, the first woman to hold that lofty position in a president's cabinet. Political haggling over the debt limit is not new, and goes on from year to year. Most likely, the debt ceiling will be adjusted before the walls cave in.
The Biden behemoth bill is said to call for earmarking $80 billion dollars for the IRS (Internal Revenue Service) to allow for its expansion and the hiring of many thousands of new agents who will be authorized under the legislation to monitor the day-to day-money handling by Americans with at least $600 in the bank, through regular inspections of their accounts. Tax cheats must look out, says Biden, whose son, Hunter, may need special protection from his dad.
The proposed 3.5 trillion dollar spending legislation would be the largest of any in U.S. history. The money will be taken by the government by way of taxing billionaires who have not been paying "their fair share," and from the vaults of corporations who in many cases today do not pay any taxes, Biden has said. According to the latest data, billionaires and the top one per cent of earners in America pay 40 per cent of federal taxes and must pay more in the Biden socialistic utopia.
The President takes his cue from Sen. Bernie Sanders who has been seeking to make America into a socialist country akin to Norway, Sweden and Russia ever since he was a mayor in Burlington, Vermont in the 1980s; and subsequently after he became a congressman and then a U.S. Senator. He has always described himself as a Democratic Socialist. He is registered as an Independent, but allies himself with Democrats, and shuns all Republicans. He especially detests conservatives, who are angrily charging that Biden with Bernie at his beck and call, is tossing billions around like a farmer feeding his chickens.
Trying to grasp and comprehend a spending bill of $3.5 trillion dollars is mind boggling, as is the nation's debt ceiling, which today is $28 trillion dollars. That $28 trillion, experts say, is greater than the combined economies of Japan, China, India and Germany. It equates to $218,000 per household in America, and to $85,000 on the back of each man, woman and child. And it will be going up.
Speaking of one trillion, that is a number followed by 12 zeroes (1,000,000,000,000). For another perspective, consider that the length of one trillion dollar bills laid end to end will measures 96,906,656 miles and this would exceed the distance from the earth to the sun. If you live to be 80 years old, your heart will beat about 3 billion times; and it would take 31,688 years for one trillion heartbeats to tick away.
In the words of Ronald Reagan: "If you had a stack of thousand-dollar bills in your hand only 4 inches high, you would be a millionaire. A trillion dollars would be a stack of thousand-dollar bills 67 miles high."
In 250 years, there has never been such an enormous spending bill as Biden is proposing. It is a mad-liberal's dream-- free everything with the rich paying all costs. Congressman, Dr. Ronny Jackson, the former White House physician, has said that Biden does not know what he is doing and is dangerous. Is he right? Worth thinking about.
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