Which is what I don’t understand how they can continue to do so without first bankrupting the country and destroying our grandchildren’s future by saddling them with such massive amounts of debt that they will never ever be able to pay off (if we even get that far)
If this is not on purpose then we really have some really stupid people running things right now in DC which I am inclined to believe that they know exactly what they are doing thus supports my original suspicion of the former.
If you’re referring to stimulus money or Covid relief funds, those were BIPARTISAN measures in case you missed it….
Historically that happens in midterms anyway….
And Biden was on the Trump budget until the fiscal year began October one. Again handwringing about debt and deficit only began after Trump left who presided over a debt increase from 19.8 trillion to 27 trillion
The politicians use spending to buy votes.
Both parties are desperate to win, power is everything.
Neither party cares about the log term debt or paying it off.
The day will com probably soon when investors will give the treasury the middle finger and demand a risk premium to purchase US debt. Things are going to get interesting as the Fed Res has reached near maximum debt load with close to 9 trillion in debt. How will they continue to fiance the debt?
You prove yourself to be incredibly stupid with very comment.
The Trump budget didn’t include the massive 2 trillion in covid freebies. Bidet became responsible for spending the day he took office.
The dumb asses in congress could have given every citizen in the country 20K instead of 600 bucks but Nancy wouldn’t hear of it. Had to include her leftist pork.
And as a leftist anarchist moron, the nifty new $1.2 trillion package. The CBO projects that the bill will add about $256 billion to the federal budget deficit over 10 years. Actually, that number is likely to be closer to $400 billion because the infrastructure package includes a number of dubious offsets, particularly in how it proposes to reallocate unused funds appropriated in various COVID-19 emergency spending bills.
The bill is also larded up with provisions that will make infrastructure projects more costly for taxpayers. That matters, of course, because if you inflate the cost of building a bridge and you have a fixed amount of money to spend on new bridges, you’ll get fewer bridges.
As a side note spending by congress, both parties always cause a deficit as no on cares about debt, only power.
Do everyone a favor and not respond to anything as you are completely clueless.
Stop them from what?? If you’re referring to our exploding debt, that is a wholly bipartisan effort….
Remember the 19.8 trillion debt candidate trump made such a stink about??? It swelled to 27 trillion during his brief presidency and he signed the biggest budget deficits in America’s history….
All thanks to the fillabuster and the democrats.
But then again you claim Trump did it when the reality is that CONGRESS did it.
Remember the asshole that made that comment?
By
November 9, 2021 10:16pm
President Biden’s policies are only hurting regular Americans with inflation. AP Photo/Alex Brandon
When is Joe Biden going to admit that the inflation problem with rising prices for everything from gas, to groceries, to new cars, to apartments and homes isn’t getting better, it’s getting worse?
The government just reported that yearly producer prices are up more than 8 percent from just a year ago. When producer prices rise, those costs are soon and inevitably passed on to shoppers in higher consumer prices. Gas prices nationally are up $1.31 a gallon from last November, and don’t be surprised if $5 a gallon isn’t around the corner.
For tens of millions of Americans who aren’t rich, “transitory” inflation is feeling more like runaway inflation. Worker pay is rising at about 4 percent — that’s the good news. The bad news is consumer prices are rising closer to 6 percent, which means in purchasing-power terms, paychecks are shrinking.
Combine that with the man-made energy crisis and you’ve got a witches’ brew of problems haunting the Biden administration. America is producing 2 million fewer barrels of oil today than when Donald Trump was president. So at $83 a barrel, this means we are losing about $165 million a day in national output and $50 billion a year. This has only given leverage to OPEC and the Saudi oil sheiks to raise prices — and there’s nothing we can do about it.
A sign for gas at a station in Denver on November 5, 2021. Gas prices across the country are up $1.31 a gallon since last November.
Incredibly, in the midst of this energy shortage, the Biden administration is trying to cancel another pipeline, this one in the Midwest. The STL natural gas pipeline may be shut down. One of the largest utilities is warning that homeowners should “be prepared for potential natural gas disruptions — and outages — this winter if the pipeline is not kept in service.”
Prices could rise by 25 percent this winter because of the pipeline closure. Amazingly, the utility company is telling consumers to “be prepared to turn down the thermostat in your home this winter” to ensure the lights stay on.
This is all reminiscent of the 1970s malaise and the demise of President Jimmy Carter, who lost a landslide election to Ronald Reagan because he couldn’t get inflation under control.
Supply-chain issues continue to plague the nation’s ports, leading to shortages of some goods.
REUTERS/Mike Blake/File Photo
Supply-chain problems are causing shortages of goods on the shelves across the country — and so Americans are starting to hoard products in their overflowing shopping carts like the survivalists, just in case the scarcity crisis grows more severe.
What is unsettling is that no one in the Biden administration seems to offer any plausible explanations or solutions.
Meanwhile, Energy Secretary Jennifer Granholm only laughs hysterically when she is asked what she will do about it. She claims she doesn’t “have a magic wand” and the events are out of her control. But certainly reducing American energy production is holding America hostage to OPEC. When Trump left office, we were energy independent for the first time in 50 years.
Some of these problems are a natural result of the shutdown of the economy in 2020 during COVID and the lingering fears of the virus. But Biden policies are making things much worse. His infatuation with climate change and ending fossil fuels is dismantling US energy security. Meanwhile, the planet’s biggest polluters — China and India — are using more coal and oil than ever.
Biden’s Energy Secretary Jennifer Granholm said she doesn’t “have a magic wand” when asked about energy shortages.
AP Photo/Alastair Grant
The massive Biden spending bills — which add up to $6.5 trillion this year — are mostly financed by debt and money printing that are fueling the inflation contagion. The other day, Transportation Secretary Pete Buttigieg opined that the way to solve the soaring rise in consumer prices is to enact more debt-financed government spending. Yes, and pouring gasoline on a forest fire will put it out.
As usual, the Biden White House passes the buck and comes up with excuses rather than solutions to these problems that are making life miserable for the very working-class Americans whom the president promised to help. No wonder a new USA Today poll finds that only 38 percent of Americans approve of the job Biden is doing.
His solution to every problem these days is more government programs, regulations, mandates and edicts with higher taxes on businesses to pay for it.
It all reminds me of the Reagan adage he used to tell voters when he was campaigning to remove Carter from the White House: “Big government isn’t the solution. It’s the problem.”
The fun continues.
The pandemic hasn’t made us all richer, even if our houses and share portfolios are worth more. Governments and central banks can print money, but they can’t print wealth and inflation is the great correctional device which prevents us getting something for nothing.
Do you have any suggestions for that?
AG’s in 20 states should over turn the election results in many of their counties that cheated
And this will fix our steep decline caused by ungovernable Democrats