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Are you ready for this? I’m not.
Didn’t President Joe Biden’s parents ever talk to him about the importance of “living within his means?” Why must every liberal politician spend our hard earned money while racking up bigger and bigger debts?
Anyway, Joe Biden’s proposal is the most extreme in generations.
President Joe Biden is pushing for a federal budget of $6 trillion for 2022, the highest level of federal spending since World War II. The proposed budget is planned to increase up to $8.2 trillion by 2031.
Biden’s colossal $6 trillion in government spending would destroy any potential for growth in the economy. Of course, that doesn’t seem to matter to this team. Their priority is a redistribution of wealth–not actual economic growth. The proposed spending would result in an expected budget deficit as high as $1.8 trillion…and that’s being optimistic — meaning, that $1.8 trillion number assumes our economy will actually recover from the recession completely. (I’m not convinced it will.) Meanwhile, deficits are predicted to stay as high as $1.6 trillion until 2031!
And to rub salt in the wound, not only will be more indebted than ever–but, in Joe’s perfect world, we’ll be looking at higher and higher taxes on corporations and “high-income” individuals, as Biden’s administration attempts to pay for at least some of its social spending.
The administration claims that the plan will make the U.S. more competitive in the global marketplace. Reality check for them: Higher taxes and deficits will have the exact opposite effect.
And, deep down, the Biden administration actually knows that.
By proposing that 15% global minimum corporate tax rate for all OECD countries, the administration has effectively admitted that high taxes may prompt U.S. companies to move overseas.If companies and high earners were to begin leaving the country, the United States would lose much more than tax revenue.It would lose the people that make the United States the global innovation hub it now is. And that’s a problem that no amount of government spending will be able to fix. SUBSCRIBE TO TRISH’S FREE CHANNEL TO WATCH HER SHOW DAILY:
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Don’t wait until food shortages get REALLY bad before stocking up. Get a three-month’s supply now while it’s still available.
They’re Trying to Shut Us Down
Over the last several months, I’ve lost count of how many times the powers-that-be have tried to shut us down. They’ve sent hackers at us, forcing us to take extreme measures on web security. They sent attorneys after us, but thankfully we’re not easily intimidated by baseless accusations or threats. They’ve even gone so far as to make physical threats. Those can actually be a bit worrisome but Remington has me covered.
For us to continue to deliver the truth that Americans need to read and hear, we ask you, our amazing audience, for financial assistance. We just launched a GiveSendGo page to help us pay the bills. It’s brand new so don’t be discouraged by the lack of donations there. It’s a funny reality that the fewer the donations that have been made, the less likely people are willing to donate to it. One would think this is counterintuitive, but sometimes people are skeptical because they think that perhaps there’s a reason others haven’t been donating. In our situation, we’re just getting started so please don’t be shy if you have the means to help.
Thank you and God bless!
JD Rucker
