It has been a decade since the last Democrat budget blowout, the 2009 trillion dollar “Porkulus” spending bill passed by Obama and his party. President DimJoe Biden now says that it was not big enough and vows “not to make the same mistake.” As then, this new spending bill is chock full of Democrat Party bailouts of corrupt Blue States, government unions, special interests, welfare expansions, 15 weeks of leave for Federal workers, …, and thin on money for the ostensible needs created by the Dem-caused-disaster Covid shutdowns.
But you are going to get a $1400 check! So will Dylann Roof, the Nazi monster who shot 9 people in a Charleston church. So will the Boston Marathon bomber. So will Nikolas Cruz, who killed 17 people at Parkland High School. Why do prisoners need a $1400 check to deal with the effects of Covid? There is no rational answer. Republicans tried to remove this provision from the bill, but it was voted down by every Demonrat.
Illegal aliens will also get a $1400 check. Biden’s erasure of every Trump immigration policy started a stampede across our southern border, and free money is one more reason for the world’s poor to come flooding across. Republican Senator Ted Cruz offered an amendment restricting payments to citizens. It was voted down by every Demonrat.
Your money will bail out broke one-party states like New York, California, Illinois, and New Jersey. Your money will bail out government unions and their gluttonous, unfunded pensions. You are buying Chuckie Schumer a new bridge to nowhere and San Fran Nan gets millions for a fancy new BART subway station (no doubt with their names on them). The Democrat blowout runs to 600 plus pages, nearly all of it divorced from our current challenges.
You should ask, “how much is two trillion dollars?” Most people cannot answer how many zeros are in a trillion. No worry, The Railer is an engineer. When tossing around big numbers, we use scientific notation. Two trillion is 2 x 1012. There ya go, a “2” followed by twelve zeros.
Now let’s do some simple math to cipher your piece of this largesse. $2T divided by the US legal population, 330 million, is $6,000 for every man, woman, child, and a handful of non-binaries. But half of the U.S. population pays no taxes, in fact, they get unearned money and benefits. That doubles your share to $12,000. And you can double that again (or more) if you expect to be in the top quarter or quintile of U.S. household income. The Railer expects that you will be there because you went to college, worked hard, believe in marriage, and will start your family after that. Considered as a family, you, your politically incorrect cis-gendered spouse, and two gender normative kids, is a quad. Multiply again, this time by four.
Drum roll… Round numbers, Democrats just spent $100,000 of your future family’s money and signed your name to it. That is four new cars. That is half a mortgage on a starter home. Oh, you get to start paying interest on that right away. For the rest of your life in fact because it will never be repaid. So, multiply again by three or four for the total interest and principal you will pay over your lifetime for this single liberal spendgasm.
Once the dust settles on this “spreadin’ around money,” as crooked big city mayors like to call it, the Democrats promise to pass an “infrastructure bill.” Chatter says that will slap another $3T dollars on Uncle Sam’s over-limit credit card. Missing too will be any actual spending for infrastructure.
The folks who give you these gifts are all too old to live with the consequences. This latest heist is free to them. San-Fran-Nan Legosi is 80, Chuckie Schumer is 70, DimJoe “fading-fast” Biden is 78 and unlikely to finish his term. They will have assumed room temperature when your bill comes due.
Think about this another way. If someone borrows $100,000, signs your name on the note and spends it, that is fraud, a felony. The crook goes to jail for a long time and owes restitution after release. Likewise, The Railer wouldn’t/couldn’t do this to his worst enemy. It would simply be too cruel, too unfair. Slavery is the word for theft of your labor and restrictions of your freedom. Democrats just cemented a heavy, lifelong, yoke around your neck.
But this is to fight Covid, right? Nope, less than 10% of this $2T turd is directly related to Covid. It is simply a decade’s worth of pent-up Democrat special interest and identity politic favors. How about a $4B, 120% payoff of agriculture debts held by minority farmers? All animals are equal, but some are more equal than others, said the autocrat pigs of Orwell’s Animal Farm. The Democrat bill is chock full of such offenses.
So where did Democrats find this $2T? They made it up out of thin air. In the old days, we would say they printed it. But debt loving Democrats dispense with even that pretense. $2T is just a few strokes on a magic keyboard somewhere in the US Treasury. And boy, there’s a misnomer. There is no treasure in the Treasury, just what will soon be $30T of IOUs with your name on it.
How did we get here? It was $6T when George W. Bush took office in 2001. He handed $10T in debt to Obama, Obama doubled it to $20T, and using Covid as their excuse, Democrats will soon push that total to nearly $30T. But Republicans overspend too you say. Not really. Republicans are the party of fiscal and constitutional restraint. Democrats learned long ago that they get everything on their wish list, or they shut down the government – blaming the Republicans of course when Grandma doesn’t get her check. “Compromise” on any budget issue in Washington means that Democrats get most of what they want; always more, more, more. Meanwhile, your debt grows inexorably upward.
Can it get any worse? Yes. The $30T does not include an elephant called unfunded liabilities or mandates. These are future promises that have no associated trust funds or revenue. Programs like Medicare (2026), Social Security (2032), and government pensions at every level, which are projected to go broke starting this decade. Some estimates put this shadow debt at more than $100T.
When does it all end? No one knows, but the crash will happen suddenly, without warning. Sovereign currencies failed on every continent except Antarctica during the 20th Century. We are seeing it right now in Venezuela. The disease is always the same, reckless public spending and socialism. Venezuelans use wheelbarrows of worthless currency to buy a loaf of bread – if they can find one. Wheelbarrows shrank a little after a 2018, 100,000 to one, Bolivar revaluation. Look at your bank account, your wages, and think about living on one hundred-thousandth of that. Zimbabwe printed a 100,000,000,000,000 (100 trillion) note, the largest ever. It wasn’t worth the cost of the paper.
Recent data shows the United States ranks 8th in public debt to GDP ratio. We’re worse than Brazil, Sri Lanka, and god help us… the French. We’re worse than Spain and just a few clicks behind the EU’s perennial joke, Portugal. We owe 110% of our GDP, and thanks to this $2T blowout we will soon approach 150%. We’re racing to the cliff’s edge, pushing harder and harder on the accelerator. Although there is no hard number on the debt a country can sustain, all economists agree that high debt-to-GDP is bad. Growth helps, but we have a Democrat President, Senate, and House that will impose crippling Marxist policies. Growth won’t save us.
On a red/yellow/green scale, we are yellow bordering red. Our crash will be like all the others: hyper-inflation, the erasure of savings, political chaos, street violence, and economic collapse. Those are just the internal problems. Enemies without would not stand idly by. Hard to believe, but those smaller bankrupt countries of the past had it good. The United States and Western Europe were there to feed them and clean up the mess. Who will be big enough to save us? The Chinese? Imagine the strings attached to that rescue. Just ask the Uighurs how China treats non-Hans and ponder the terms of a Chinese bailout of the United States. Until recently, China was our largest foreign creditor. They’re now a close second behind Japan (… more irony…). They will both want their money. Will they send cargo ships of Yuan, or millions of men with AK-47s?
Every woke (in the classic sense, “aware”) young person in America should hate the Democrats. You should be marching in the street. Democrats are trading your money, your future, your happiness, your security, for votes and power today. Democrats have no regard for the terrible place that their selfish, narcissistic, profligacy will inevitably leave you. Its all about their power, today, and your future be damned.