President Joe Biden emotionlessly reads a teleprompter and tells Americans who’s really to blame for the rising prices. It’s not the Democrats. It’s the Republicans. Biden has this idea in his head that spending massive amounts of money and relying on the IRS to get money from the American people will lower costs. It’s not going to work. The IRS has to take money from the American people to make the infrastructure bill zero dollars.
Yes, former President Donald Trump and Congress spent a lot of money in 2020, but the Covid-19 pandemic happened, and it was a necessary evil. That doesn’t mean Congress should have sent $25 million to Pakistan for gender studies, but if the government is going to shut down portions of the economy, they need to foot the bill for lost wages.
None of that gives Democrats an excuse to spend trillions of dollars to try to make the country better. Inflation would happen to some extent, and they couldn’t shut down a lot of the oil industry and push massive spending to fix the country.
Biden said himself, “But the truth of the matter is everyone knows that idea that we’re going to be able to move to renewable energy overnight. It’s just not rational.”
That’s admitting failure was the opinion Biden chose. You can’t pull out of one thing before the next is finished. It’s like building stairs. Renewable energy is a great idea, but you can’t rely on an industry that isn’t available to the masses.
The Committee for a Responsible Federal Budget reported, “We estimate the House Build Back Better Act includes roughly $2.4 trillion of spending and tax cuts along with roughly $2.2 trillion of offsets.”
That’s not free, and that’s not responsible.
That will put more pressure on the government to pay their bills, putting more on Americans to pay the government’s bills, i.e., taxes. Expect more tax hikes.