September 26, 2021

September 26, 2021

Your Source for Free Speech,
Talk Radio, Podcasts, and News.

Biden’s $6 Trillion Pork Bomb Proves Pigs Can Fly

by | Jun 14, 2021 |

Print Friendly, PDF & Email

Stealthy Biden bombardiers waited until the sleepy news cycle afternoon just before Memorial Day weekend to drop the biggest pork distribution and debt casualty assault on the American economy since waves of Japanese Imperial aircraft devastated Pearl Harbor.

If Democrats get their way – spending will have reached a level not seen in a single year since World War II.

Taking Expansive Spending to New Heights

”How far will that $6 trillion lard layer of spending stretch?” you might ask.

Well, even if you didn’t, here are a few illustrations for perspective.

Considering that a U.S. dollar bill is 6.4 inches long, 2.61 inches wide, and .0043 inches thick, then six trillion of them would cover 23,952 square miles … about the land surface area of West Virginia.

A column of six trillion stacked one-dollar bills would reach about 408,000 miles into space, or more than 1,500 times higher than the International Space Station.

If you are a really big spender, at the rate of $40 per second around the clock, it would take 4,755 years to go broke.

We can be assured that it won’t take the U.S. government nearly that long.

Cradle-to-Grave Debt for Our Kids

Democrat-proposed entitlements for federal nanny state child care, paid family leave, free community college … and much more, bring new meaning to cradle-to-grave coverage. Children in cradles today will be stuck with paying off parents’ debts throughout their lives.

These transfer payments have already risen from 27.7% of federal spending in1964 when LBJ launched his Great Society, to 70% in 2019. That rise will accelerate under current plans.

Whereas only two years ago, in 2019, federal debt held by the public as a share of GDP was 79.2%. In 2021 it is expected to reach 109%, higher than it was after World War II.

If Biden’s budget is approved, it would climb to 117% by 2031, and as entitlements grow, so will debt.

Nearly $1.5 trillion (23% of that proposed huge new $6 trillion spending increase) would go to the Department of Health and Human Services. Bear in mind that these are mandatory programs that are essentially ”forever” in that they don’t require annual congressional appropriations.

Federal entitlement spending already provides more than 90% of income for the bottom 20% of income-earning households, while the labor force participation rate among work-age households has collapsed to 36% from 68% since that War on Poverty began.

Recent experience with poorly conceived COVID relief unemployment compensation has made not working a viable — or even a preferred — option for many over employment. This trend, if continued, represents a big break from the idea that the best healthcare, housing, transportation, nutrition, and child care program was a job.

Grossly Inflating the Benefits

Inflation results with too much money chasing too few goods. This being the case, the end of pandemic shutdowns is releasing a floodgate of pent-up demand for products that are causing rising torrents of commodity prices.

The inflation rate, on an annual basis, soared to between 7.2% and 6.2% over the first four months of 2021. During April alone, the consumer price index rose a remarkable 4.2%, and 3% in the core measure that excludes food and energy.

Prices that month rose across the board, but especially for goods and services in lower demand during the lockdowns.

Surging commodities are feeding into consumer prices, with corn up 50% this year and 125% year-over-year.

Food prices overall climbed 0.4% since March, and 2.4% over the past 12 months. Fresh produce and meat prices rose even more.

Inflation is the inevitable result of government spending beyond its means and cheating on repayments. This theft has been facilitated by allowing the Treasury to cover debt by printing more money so that the dollar loses additional purchasing value every year.

Let’s remember that while inflationary spikes come and go, higher prices, like federal government entitlement transfer payments, rise forever.

And let’s also not forget who those climbing costs hurt the most. Such inflation is especially bad for the poor, the retired, and small businesses that lack the necessary resources to absorb the pain.

Hidden Taxing Realities

In reality, inflation is a powerful hidden tax, a way for the government to pay for goods and services without calling it taxation.

This trend is rapidly gaining momentum under the current administration.

We pay an increased Biden tax every time we buy skyrocketing gasoline, thanks to a combination of killing the Keystone XL pipeline and restricting exploration on federal lands and waters.

We will pay another tax in the form of a weakening dollar which will raise oil and natural gas prices on the world market where it is measured in U.S. currency … prices that go higher when the dollar declines.

President Joe Biden proposes to finance all this with some $3 trillion in tax increases, the largest tax-and-spend-spree as a share of the economy since 1968.

It is nonsense for Democrats to somehow imagine that their plans to raise death and corporate taxes, smother the private sector with regulations, kill the fossil fuel industry, and bloat regulatory agencies will end well for the American economy. It will not.

Even Biden’s budget assumes that interest payments on the debt will more than double to 11.2% of spending by the end of the decade.

This also assumes that the Federal Reserve won’t raise interest rates much, and that America’s foreign creditors — including China — won’t demand a higher premium to guard against inflation and financial risk.

Indefensible National Security Defunding

The proposed Biden budget blowout is also noteworthy for what agenda items go wanting in entirety.

Whereas most agencies would get huge increases, including Health and Human Services (23.1%), Commerce (27.7%), and EPA (21.3%), budgets for Defense (1.6%) and Homeland Security (0.2%) would actually decline after inflation.

This, after all, is a time when China poses a generational challenge, Iran is arming its proxies across the Middle East, and undocumented and unvetted migrants are flooding across our southern border with virtual impunity.

Such plans, and the priorities behind them, are defenseless.

Avatar

Larry Bell is an endowed professor of space architecture at the University of Houston. He founded the Sasakawa International Center for Space Architecture (SICSA) and the space architecture graduate program. He is the author of several books, including "Reinventing Ourselves: How Technology is Rapidly and Radically Transforming Humanity" (2019), "Thinking Whole: Rejecting Half-Witted Left & Right Brain Limitations" (2018), "Reflections on Oceans and Puddles: One Hundred Reasons to be Enthusiastic, Grateful and Hopeful” (2017), "Cosmic Musings: Contemplating Life Beyond Self" (2016), and "Scared Witless: Prophets and Profits of Climate Doom" (2015). He is currently working on a new book with Buzz Aldrin, "Beyond Footprints and Flagpoles."

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Use the code ‘OUTLOUD’ and receive your 20% discount on your first order.

Teen Transgenders – It’s Time We Talked

Teen Transgenders – It’s Time We Talked

Since 2012, the number of teen girls complaining they feel they’re boys trapped in girl bodies has ballooned by nearly 5,000 percent. Yes, In approximately nine years, reported cases of Gender Dysphoria among adolescent girls are up by nearly 5,000 percent! The frequency and rate at which this social contagion is moving are alarmingly fast…

Who Is Really At the Helm in the White House?

Who Is Really At the Helm in the White House?

If we choose to ignore the evidence, or to merely grumble about his performance, then Biden and his cohorts will proceed unhindered with their agenda. We need to take a close look at his exploits and see what patterns are formed. Then, let’s take it a step further and ask who might be coaching Joe. Knowing the enemy is the first step toward defeating that enemy…

America’s Uniqueness Starts and Ends with the US Constitution

America’s Uniqueness Starts and Ends with the US Constitution

We the People, after creating this Frankenstein monster of a government and setting it loose on an unsuspecting world, now cower in fear of our creation, unwilling to stand and defend even our own selves against it. Why did the framers of this union create this Constitution the way they did? What was the purpose that We the People had in mind when we ordained and established it?

What to Expect if the Tyranny in Australia Hits Home

What to Expect if the Tyranny in Australia Hits Home

Since August, Australians cannot go out of their homes for longer than an hour to socialize or shop. We are witnessing the extreme government tyranny that can take over a once-free society and the speed with which it can happen. It’s a snapshot of what could be coming to the United States of America and other freedom-loving countries, and we’d better start paying attention…

This Den of Thieves is Full of Corrupted Government Officials

This Den of Thieves is Full of Corrupted Government Officials

If you’re wondering what affiliations are connected with the CDC through partnerships of Corporations, Foundations & Organizations, look no further, you will see a pattern emerge, and why the push for vaccinations is everywhere we go, there are so many groups doing business with the CDC. Is the CDC playing global political and military chess with the nation and the world…

Sure, Bin Laden is Bad, But Those Filthy MAGA People

Sure, Bin Laden is Bad, But Those Filthy MAGA People

Bush invoked January 6th in his comments on the hallowed ground of Shanksville during the 9/11 ceremonies. In the flight path of the downed airliner, Bush made the following statement: ‘’Violent extremists abroad and violent extremists at home,” “are children of the same foul spirit.” What Bush said is simply the talking points of the establishment…

Covid-19, Social Standing, and the New World Order

Covid-19, Social Standing, and the New World Order

A government that can force people to take medical treatments against their wishes can do whatever it wants, and the fact that Joe Biden’s order is unconstitutional will not stop tens of millions of Americans from being forced to get vaccinated against their will, in order to continue supporting their families. By the time the Supreme Court shoots this order down (assuming they do), the damage will already be done…

COVID Q & A with Dr. Peter McCullough, #3

COVID Q & A with Dr. Peter McCullough, #3

We have had no side effects that we are aware of from the vaccine. Does this mean we are free from future side-effects? Should we forego any boosters? Did the vaccine destroy our natural immunity? Should I be more concerned about getting the virus or future variants? How accurate is the VAERS data? Join us on the Voice of a Nation for our third COVID Q & A with Dr. Peter McCullough…

The Unholy Alliance Between Big Pharma’s Vaccines and Drugs and the FDA

The Unholy Alliance Between Big Pharma’s Vaccines and Drugs and the FDA

One MD remarked on the day of the sham approval, Do they actually think that with a stroke of the pen—like a magic wand—“approval” suddenly occurs? Nothing the FDA, pharma, or otherwise says or do is a substitute for 10-12 years of research and development of a biologic. But, sadly, most of the world will believe so. The FDA increasingly fast-tracks expensive drugs and vaccines with significant side effects and unproven health benefits. According to FDA’s own employees, drug company payments bias regulators, with “an inclination toward approval.”

Header

Your Source for Free Speech, Talk Radio, Podcasts, and News.

 

Here we take on the challenges of our generation so that we can preserve future generations.

iHeartRadio

The APPS are free; the mission is priceless!

Free APP

Podcast Networks

Apple Podcasts
Google Podcasts
Spotify
Pandora
Tunein
iHeart
Stitcher

Subscribe and Listen on Your Favorite APP

Our Columnists and Show Hosts

Evacuating Americans & fully-vetted Afghan's at Risk - Help Us!

Apple Podcasts

Empowering and mentoring conservative trailblazers from Generation Z to win!

Apple Podcasts

Turning Point Action is Recruiting Precinct Chairs - Become a Grassroots Warrior Today!

Apple Podcasts

URGENT - KEEP NINE
Please join us to protect the Supreme Court:
Sign the Petition!

Apple Podcasts

The LATINO USA EXIT from the Democrat Party, click for details...

Apple Podcasts

Fighting corporate censorship and ensuring voter integrity...

Apple Podcasts

Support wounded and fallen police officers. The Wounded Blue.

Wounded Blue
Share via
Copy link
Powered by Social Snap