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Economic Illiteracy on Parade
The new Democratic talking point about their $3.5 trillion budget “reconciliation” is that it “costs zero dollars.” You read that correctly. From our avatar president’s Twitter feed:
My cynical side is flaring up. Thank you for the rational, realistic and factual post. It matters not. This atrocity will be passed. Our children, our grandchildren and their grandchildren will have this albatross – this lead weight of debt, combined with rampant inflation – tied to their necks for their entire existence, while this once magnificent country rapidly declines into something resembling Venezuela or worse.
I fear that my cynical side is optimistic…
“Avatar” is too kind.
“Check out my new Lamborghini.”
“How much did it cost?”
“It didn’t cost anything, I bought it with my kids college fund.”
That’s because they view your money as their money.
The problem is that while a select few care about how this gets paid for in the future and what it will do, etc. Most just care for what they get out of it for them and let the future take care of itself. It is free money from thier point of view and they will not have to pay for it or if they do it will be less than what they get now.
I guess Joe is saying the debt ceiling does not need to be increased. Sounds good Joe.
There are two hard-nosed reasons for this retarded claim — I think.
First, as FJG points out, there may be some debt-ceiling dodge they are aiming for.
Second, IIRC, a bill can only be passed through reconciliation if it costs zero dollars. Hence the claim. ObamaCare was never going to happen the right way, so they rigged the numbers (counting ten years of receipts against six years of costs) to arrive at a zero figure (which was still laughable, but the CBO was in on the joke). And then Barry farted it out through his ear.
So watch Joe’s ears.
While the Joe Biden era is proving to be irresponsible and dangerous as hell, it is non-the-less good for the entertainment value and a good laugh:
It may be irresponsible and dangerous as hell but I suspect he will go down as one of the greatest POTUS of modern times. The victors will see to that.
I suspect many are aware of the myth of the wealthy not paying their “fair share,” but here’s a fine article and chart on the topic.
I think they just don’t care to understand the truth, or the implications. It’s like Monopoly money to them, like kids playing a board game. And they just make up something that they think sounds good, regardless of whether it is factual. Good post, Kelly.
I gotta keep that on speed dial.
I feel like a fool. When 0bama was first president, a woman was videoed being asked where does the money come to pay for her 0bamaphone. She said, “I don’t know. The government makes it.” And I thought, How stupid!
Well, she was tight and I was wrong.
I have that about a lot of things. I used to believe truth, science, law, justice, etc. It was not until later I realized that it is all smoke and mirror with emotion, lies, power and force rule the world.
Ring, Ring, Ring, Ring, Ring, Ring, Ring, Ring…OBAMAPHONE (obamaphone)!
You should read Dune once a year. It’s all about who controls the spice.
This is the full costly agenda of Obama’s destruction of America … just ask Nancy.
Part of this is also public relations. Manchin and somewhat Sinema have said $3.5 trillion is too much to spend. The Administration is trying to show that Manchin is wrong and should vote for this, they need his vote even to get through reconciliation.
But…. Democrats can also be the stupid party. One of the things they are trying to add to the bill is a Carbon Tax. They say this will raise a trillion dollars and would help them pay for the bill. A Carbon tax is a tax increase on every person in the country hidden as increased prices rather then a tax bill.
To get Manchin and use reconciliation they need to “pay for” the bill. To pay for it they want to tax carbon. Manchin is a moderate Senator from Coal Country. Paying for extravagant inflationary spending by taxing the industry in his state is not going to get his vote.
The only relevant question is whether the Chinese already control them. If they do what is the cost of leaving, forming a new country on the existing constitution, or the previous one, and take most of the Colonels and below as defense? The equipment is already in the safe places, they’re used to leaving military equipment to whoever holds the ground.
Is it illiteracy or or just lying? The greatest threat is not in the lie itself, as egregious is it is (they are), it’s how many willingly accept and comply, i.e. the useful idiots. The Left’s idea of unity is capitulation. Is it naiveté? Is it some perverted form of peer pressure? Intellectual laziness?
I seem to be abusing this phrase but cognitive dissonance seems the best description – such an overwhelming desire to believe a deep-seated belief is true, one will assume even the most absurd and irrational thought processes to confirm held belief. Extended time spent in this suspended reality, where what you belief does not line up with what is observed, will begin to affect mental health, manifesting in psychopathic behaviors. It partially explains the insanity of the Left.
Perfect example, %75+ of Demo
ncrats still think Donald Trump complemented white supremacists after Charlottesville…30 more seconds of video explicitly betrays “The Chris Wallace gang’s” narrative as absurd but still widely accepted. I must ask why?
Linked this post in my Chicago Boyz post Paying for Biden’s Dreams.
How many members of Republican, Inc. will be just fine with this?
Republicans will be fine with some of it. The debt ceiling will be raised at some point and the bi-partisan infrastructure bill already has Republican votes. There will be some form of continuing resolution.
The big bit, the $3.5 trillion, I think/hope that this will not get any Republican Support. They want to run on the ridiculous stuff in the bill/spending/inflation or on the fact that the Dems failed to pass it (can’t lead) so they don’t want to help them. McConnell has been doing a decent job of keeping his group together, I have not seen any stuff from Murkowski or Romney saying they want to vote for this. So far they have not jumped ship on the debt ceiling or anything beyond infrastructure.
They’re just trying to triangulate passing the bill. Every penny of it will be passed.
Federal Infrastructure = bigger threat to liberty than the Taliban.
I need one of these wallets, where I can pay for things and it does not cost anything because I’ve paid for it.
“The bill itself will not cost $3.5T in the sense it will be entirely, or at least partly, paid for. So the actual cost will be smaller than that, perhaps zero, although I think that’s unlikely”
I’ve been wondering what’s happened to the revelations from the highest Chinese defector ever that occurred earlier this year. Obviously I wouldn’t expect to see his 4 terabytes of information on who’s been bought in the government, academia, and the Press, but I get the feeling that information is now resting beside Hunter’s hard drive.
What a bunch of malarky.