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August 3, 2022

What could be dumber than spending $433B that we don’t have during an inflation crisis? Raising taxes by $739B during a recession, that’s what.

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Could anything be less economically sound than doing either of those two things?  Yup!  The Dems are about to give us a real demonstration of cluelessness.  They’re about to do both of those things together — having the most negative impact on the economy achievable by mere mortal men.  And they’re going to do it while Americans are screaming that the economy is our biggest concern right now.  So are the Democrats

  • tone-deaf?
  • ignorant economically uninformed?
  • more focused on ideology than the actual needs of the country?

My money’s on “more focused on ideology.”  They know by now that November is going to be a bloodbath, and they’re doing as much as possible to “fundamentally transform” America into North Cuba with their limited time left.

This has all been enabled by Joe Manchin, who finally caved to the pressure of his fellow Democrats and agreed to support a Build Back Better light bill.  I guess he didn’t want an assassin en route to West Virginia, like what happened with Justice Kavanaugh.  But you’ve got to give the Dems points for moxie.  They’ve named the bill the Inflation Reduction Act — as if Americans won’t notice that it accomplishes the exact opposite.

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The Dems are beyond excited about having a bunch more of our money to spend on their socialist schemes.  Politico is even giddy, celebrating that Biden is back.

Somehow, someway, Joe Biden is back in the game. After enduring a brutal year, Biden is suddenly on the verge of a turnaround that, the White House believes, could salvage his summer — and alter the trajectory of his presidency.

They’re saying it as if it were a good thing.  They seem to believe that Manchin surrendering to the insanity is a sign that Joe Biden is engaged and in charge again.  I guess they haven’t noticed the unintended consequences every time old Joe gets engaged in anything.  Has it occurred to Politico that “alter the trajectory” could mean throttling up, pushing the stick forward, and nose-diving into the nearest hard spot?

The bill spends $433B (that’s 433 with nine zeros behind it), of which $369B is dedicated to a quixotic attempt to change the weather.  As usual, attempts to control the climate seem to do more to increase government control over us than actually reducing the Earth’s temperature.  It’s almost as if that were the actual goal.  Luckily, the rest of that spending is to increase the size of the IRS — something that I’m sure all Americans will approve of.

Every economist without a Nobel Prize understands that spending money we don’t have devalues the dollar and increases inflation.  But even Paul Krugman now admits that the $3.1T we spent on COVID relief and infrastructure was a major contributing factor to our current inflation crisis — proving once again that even a broken clock is right twice a day.

So what should we do about that pesky inflation problem?  The Dems have decided that the only solution to overspending is to spend more, and tell everyone that it’s to buy a little inflation reduction — with money we don’t have.  Am I getting that right?