Big spender Biden has mostly done one thing since getting in office: spend. Under the excuse of the COVID pandemic, Biden has tossed money at everything that moves, especially if it has the word “green energy” near it or sounds nice.
Let’s be fair, though, that the spending was already ramping up prior to Biden. Trump passed the $2.2 trillion CARES Act in March 2020 and the $2.3 HR 133 last December. Biden put through the “American Rescue Plan” for $1.9 trillion in March of this year.
That’s a tidy $5.9 trillion in legislative spending bills. Then you add in Biden’s two most recent bailouts: the $2.7 trillion American Jobs Plan and the $1.8 trillion American Families Plan. That’s a hefty chunk of cash and most of it might as well have been burned.
That Money Could Have Gone to You Instead
Instead of going to bail out blue states, build overpriced solar panel farms, or fund transgender operations, that money could have gone to you. If the $5.9 trillion had been divided up evenly, every tax-paying American (143 million citizens) would have received $41,000.
Would you like $41,000? I would! If it had just been divided up among everyone, that would still have been $18,000 each. However, the unfortunate truth is that almost all this bailout money went to things other than actually helping the citizens of this country.
The Foundation for Economic Education has good insights on this; they revealed that most of this money went to big company bailouts, corruption, Democrat causes, and a few even more unacceptable things.
The Biden Admin. proposed $3.6 trillion in tax increases on businesses, including increasing the corporate tax rate by 1/3 to 28%. Businesses are struggling to recover from a crippling pandemic; how can Congress and @POTUS hit them with a tax hike? #RecoveryNotTaxes! @USChamber
— Clark Thomason Jackson (@clarkthomason) July 13, 2021
How Much Money Went to Us?
Research shows that only around $20 billion of Biden’s latest $1.9 trillion boondoggles went to vaccination efforts; almost all the rest went to helping struggling blue state governments, boosting up Obamacare, and funding schools in Democrat-run areas.
Biden’s two most recent bailouts are the $2.7 trillion American Jobs Plan and the $1.8 trillion American Families Plan show a similar trend. You could take all the money from them and divide it up, handing everyone a $31,400 check.
That’s a nice chunk of change, and if you put it together with the first three bailouts you’re looking at over $72,000 checks. Is it too late to ask for a do-over?
$2 trillion COVID package (that even Biden admin implies now was likely too big) + $250 billion potential bipartisan industrial policy bill + $1.5 trillion potential infrastructure bipartisan bill + $3.5 trillion proposed "human infrastructure" bill = A massive amount of spending
— jbasm (@JBasm) July 14, 2021
Deficit Spending Sinks Economies
This kind of deficit spending we’re seeing is horrible in the long term for economies. Sure, it may get Democrat boondoggle projects funded and some people might be tempted by the occasional check. However, the truth is that government debt is skyrocketing and the climate for small business and innovation is beginning to die out in America.
We can’t allow the government to keep recklessly spending in this way, especially when barely any of it is going to us. I can’t help but think about who wants to end private business and entrepreneurship, and the name of those people is communists.
