As promised, the Democrats are preparing a budget that will cost $4.1 trillion over the next decade, including $3.5 trillion in new spending ––“the largest spending increase in American history,” the Wall Street Journal reports. The legislation will turn into law a progressive wish-list: green pork for “renewable energy” grifters; “a robust expansion of Medicare,” as Chuck Schumer gloated, despite the program’s impending bankruptcy; “cash for universal pre-K, paid family leave, a new federal child-care program, free community college,” and “more money as well for permanently higher ObamaCare subsidies, teachers unions, affordable housing, home healthcare, food subsidies and welfare programs,” as the Journal catalogues this drunken-sailor fiscal binge.
“For the Lord your God will bless you as he has promised, and you will lend to many nations but will borrow from none. You will rule over many nations but none will rule over you.” Deut. 49:28
Of course, there’s no money to pay for all this largesse, and making the “rich pay their fair share,” as the Dem’s canard goes, won’t even come close to funding it. Indeed, confiscating the collective wealth of the country’s 614 billionaires––$4.56 trillion–– wouldn’t even cover the fed’s budget for FY2020, $4.8 trillion. And this proposed new splurge comes on top of the $5.3 trillion already allocated over the past year for “covid relief,” which has lifted our national debt to $23.3 trillion, a dangerous 127% of GDP.
If the Dems’ current spending spree actually happens, we will be facing a fiscal apocalypse. Read More
