DimWit Politics

Biden Promises Uncontrolled Spending

 Breaking News

Biden Promises Uncontrolled Spending

Biden Promises Uncontrolled Spending
April 16
13:02 2020

While political challengers – especially Democrats– make audacious campaign promises without having the responsibility to implement them, Biden has taken that advantage to the ridiculous extreme.  More than even most political challengers, Biden is offering up an everything-for-everybody platform of impossible promises.

In most cases, Biden draws on the Democrat mythical cornucopia of endless money to provide snake oil solutions to every detriment known to mankind.  Early in his campaign, he pledged to find cures for cancer in his first term.  (He better, because at his age there will not be a second term).

You Might Like
Learn more about RevenueStripe...

Biden offers a massive expansion of healthcare in all directions – not just the uninsured.  In terms of the COVID-19 crisis, his television ads assure us that he will provide more testing, more equipment, more medical facilities, more doctors and nurses.  More money for research.

Ka-ching!

For those suffering due to the economic shutdown, Biden will have Uncle Sam pay workers lost wages, cover their mortgage payments, pay their rent.  In various interviews, Biden has specifically made those pledges.

Ka-ching!

He will provide small business interest-free loans that can be converted into outright grants to cover any losses during the government shutdown.

Ka-ching!

Biden will provide more money for education – especially teacher’s salaries – despite the fact that it has been shown that increases in educational funding – and there have been a lot of them – have had no positive effect on the quality of education.

Ka-ching!

Biden favors reparations to black Americans for the slavery that ended more than 150 years ago.  It is paid to people who have never been slaves – or even the immediate descendants of slaves – and paid by people who never held slaves.  In fact, a large percentage of Americans were not even in this nation when slavery and Democrat oppression of southern blacks occurred.

Ka-ching!

Biden offers grants to ex-convicts to help them get re-established.   He offers government-paid medical insurance to any who cross the U.S. border illegally.  That is not a benefit.  That is an incentive.

Ka-ching!

Biden would extend paid maternity leave for women and apply the benefit to spouses.  He would increase welfare benefits across-the-board.

Ka-ching!

More money for mayors and governors to implement … just about anything.

Ka-ching!

Biden says he will bail out the Post Office – which loses billions of dollars every year.  Wouldn’t it better if they raised rates and cut expenses?

Ka-ching!

Biden proposes to lower the Medicare age to 55.  This would add trillions of dollars on an already unsustainable program – and makes no sense to lower a retirement benefit at a time when Americans are living longer.

Ka-ching!

All these things sound good, of course.  Who would not like to see a cure for cancer – and we are already working on it with lots of taxpayer money.   But just as the average person cannot afford everything he or she desires – and even for many things they arguably need – there is just not enough money in our personal bank accounts to spend on all things.  That is true of our federal treasury, as well.

Maybe Biden’s impossible promises would not be so insane if America did not already have a $22 trillion-dollar National Debt – and an annual budget that requires Uncle Sam to borrow money from foreign nations – especially China – to cover almost 50 percent of our yearly federal spending.  The deficit has been adding $1 trillion dollars each year to the debt for the past 12 years – not counting the COVID-19 relief money.  In response to the COVID-19 virus, we are piling on at least $6 trillion this year alone.

Because of the extraordinary costs and expenses associated with the COVID-19 virus, we should be thinking of cutting in other areas. This is a time for a financial sacrifice, not unfettered spending in all directions.  But It appears that despite the HUGE National Debt, the word “cut” is not in Biden’s vocabulary.  Instead, Biden is serving as the Pied Piper of fiscal irresponsibility – leading his tax-and-spend Democrat coalition into the valley of economic disaster.

It is a compound problem.  Biden wants the federal government to bail out the states.  Unfortunately, we must meet this COVID-19 crisis after so many of the Democrat-run states have driven themselves off the economic cliff.  Excessive spending and unsustainable government pensions have wrecked the economies of exodus states like California and Illinois – and cities like Chicago, Detroit, New York, Baltimore, and Los Angeles.

Biden probably knows that his expansive promises are nowhere near doable.  If elected, Biden will have to ignore most of his promises.  The problem is, however, that he and his Democrat friends in Congress may actually pass too many of Biden’s crazy spending proposals.  And that poses an ongoing threat to future generations worse than the COVID-19 virus.

So, there ‘tis.

About Author

Larry Horist

Larry Horist

Larry Horist is a conservative activist with an extensive background in economics, public policy and politics. Clients of his consulting firm have included such conservative icons as Steve Forbes and Milton Friedman, as well as the White House. He has testified as an expert witness before legislative bodies, including the U. S. Congress, and lectured at major colleges and universities. An award-winning debater, his insightful and sometimes controversial commentaries appear frequently on the editorial pages of newspapers across the nation. He can be reached at lph@thomasandjoyce.com.

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

Special Offer

Latest Comments

He avoids the truth surrounding the Civil War. He goes into comedy mode when touchy...

Is it possible the Democratic Party/Mainstream Media establishment has realized the big mistake they have...

30% of Americans are brainwashed sheeple that would bleat agreement with anything Leftist Democrats say--including...

Take a Look!

Don’t Miss This!

12174 - DimWit Politics - Display - 300x250 B - [WEB].txt Displaying 12174 - DimWit Politics - Display - 300x250 B - [WEB].txt.