The failure of a red tidal wave to sweep the midterms is concerning, because it means the nation is in for at least two more years of reckless spending.
The sum expenditure in President Joe Biden’s three signature economic plans is just shy of $5 trillion. That number is larger than the GDP of any nation in the world except China.
Biden’s three signature economic plans—the American Rescue Plan of 2021, the Consolidated Appropriations Act of 2021, and the Inflation Reduction Act of 2022—cost a combined nearly $5 trillion dollars. They contain contradictory policies and goals, which will waste money, increase the debt, pump up the deficit, and make inflation worse.
Shortly after assuming office in 2021, Joe Biden shut down the Keystone Pipeline. Roughly one year later, his plan for dealing with skyrocketing gas prices was to urge gas station owners to cut their prices. Even basic economic students know that the price of anything is dependent on supply and demand. Shutting down pipelines decreases the supply of oil and drives up prices. Democrats argue that because the Keystone Pipeline had not yet begun operation, the oil supply was unaffected by the shutdown. But they are missing the point: when OPEC cut production to drive up prices, the Keystone could have helped keep prices down in North America—if it had been available.-- excerpt, rest at link above --
"I wish it need not have happened in my time," said Frodo.
"So do I," said Gandalf, "and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us."
Mon Nov 14, 2022 10:52 am (Last edited: Mon Nov 14, 2022 10:53 am)
Unfrozen Cave Water Cooler
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The Unfrozen Cave
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