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Eight trillion dollars. That’s how much President Joe Biden has proposed in new spending — in just the 2½ months since taking office. It’s an absurd figure, equal to more than a third of America’s entire yearly economic output.
And it’s overwhelmingly meant to transform the nation — to empower and enrich Democratic special interests, lock in permanent Democratic control and impose radical left-wing ideas.
Biden’s latest hit: $1.52 trillion in discretionary spending. That follows $1.9 trillion for last month’s American Rescue Plan, $2.3 trillion for Part I of his infrastructure plan and another $2 trillion or so expected soon for Part II.
That mind-blowing $7.7 trillion total doesn’t even count another $3 trillion or so in entitlement spending and $300 billion in debt-service costs; add that in, and you’re talking about spending that’s more than half the nation’s $21 trillion output.
Where would all the cash go? Mostly to Democratic allies and left-wing fantasies: unions and their members, Democratic states facing budget gaps, government bureaucrats, Green New Deal wish-lists and Dem-friendly corporations.
The non-defense discretionary budget Biden released, for example, grows a whopping 16 percent, including a 41 percent bump for the Education Department. Title I funding for the nation’s schools (and teachers’ unions) alone would spike 121 percent. (Never mind that the left-center Brookings Institution finds “little evidence” that Title I funds are “effective.”)
Spending for the Departments of Labor, Commerce, Health and Human Services and Housing and Urban Development balloon at least 14 percent, up to 28 percent — music to the ears of government employees.
Biden’s $2.3 trillion “infrastructure” plan similarly shells out hundreds of billions to benefit labor groups and their members.
It calls for yet another expansion of Medicaid, for example, to fund caregivers for the elderly and people with disabilities. And it’s designed to promote above-market-rate union wages and mandatory union membership, as Biden also aims to neuter state right-to-work laws that let employees opt out of unions.
The goal: to balloon unions’ ranks — and the dues they collect. Groups like the Service Employees International Union, which represents health-care workers, will then use its riches, and the power that comes with them, to elect more left-wing Democrats.
The plans also steer hundreds of billions toward clean-energy programs via subsidies to utilities, electric-car makers and Green New Deal white elephants. Think Solyndra — the solar-panel company that got $535 million in Obama-era funding and then went belly up — on steroids.
Then there’s the $350 billion for state and local governments (i.e., fiscally reckless Dems, like Gov. Andrew Cuomo and Mayor Bill de Blasio) in the $1.9 trillion “rescue” package Biden already rammed through.
And don’t think the money went for COVID or economic stimulus, as Dems pretend, since most of it’s to be spent down the road, not the next few months. Besides, the economy has been well on its way to recovery even without the new trillions — as the nonpartisan Congressional Budget Office and Federal Reserve Chairman Jerome Powell have indicated.
No, every single push from this president is for a total transformation — a massive expansion of government, union power, Democratic control and Green New Deal boondoggles. All financed via trillions in debt and redistributive new taxes to please far-left socialist-leaning progressives. If Biden & Co. get their way, say goodbye to America as we once knew it.
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