Imagine spending $2 trillion in taxpayer money and being unwilling to state how it is being paid for. You can always tell when the corrupt establishment politicians have been caught lying. It's not only when they open their mouths but when they refuse to answer a simple question. How is it being paid for? The answer is obvious. Americans will pay higher taxes for decades. If these socialist programs are so worthy of this funding, then why not just state the answer instead of deflecting with a lot of mumbo jumbo? Why be afraid to explain how it is being paid for? Again, the chain of events over the last week highlights the dishonesty.
1) Biden states inflation is "zero"
2) The Dems enact the "Inflation Reduction Act" which will cost $700 billion or more. Why is this needed if inflation is zero? How does it reduce inflation? The only answer is that it will reduce the national debt.
3) Biden signs a $300 billion to $1 trillion student loan bailout. No one can even calculate the exact cost. Effectively erasing any reduction in the national debt (real or imagined) derived from the so-called Inflation Reduction Act.
4) Net result. As much as $2 trillion in new spending that does not reduce the national debt one penny, provides questionable benefits to a handful of individuals, that will be paid for by all tax payers for decades, and likely spurs more, not less, inflation.
A complete economic catastrophe.
