E-Newsletter No. 97 January 2022
Last month the Democrats’ Build Back Better bill died the ignoble death that it deserved in the US Senate. Let’s recap some simple math. Keep in mind that our “starting point” is that a family of four is currently on the hook for over $350,000 for their share of the federal government’s “on book” debt. (Set aside and ignore the unfunded liabilities for other socialist “benefits” that have been promised by our federal government).
The first incarnation of the BBB called for new spending of about $3.5 trillion. It was subsequently “repackaged-for-resale” as being only $1.8 trillion. But upon further analysis by the independent Congressional Budget Office, it was learned that the real price tag of the Democrats’ proposed spending was closer to $5 trillion. The simple math is that the Democrat party wanted to spend on behalf of that family of four an additional $60,000. Many Conservatives have concluded that each person in the country could spend their $15,000 much more wisely and efficiently than the federal government.
Are we out of the woods yet? Hardly. It has already been announced that the BBB will be repackaged yet again as individual “smaller bite” wish lists. Time will tell whether our representatives (both Leftists and RINOs) will be able to resist their natural tendency to buy votes with our kids’ and grandkids’ money.
Set aside for a moment the dire financial situation and rising inflation. Even more troubling is the ongoing assault on our citizens’ Liberty and Freedom. The other stated objective of the Left include federalizing our elections, eliminating the Electoral College, expanding and then packing the Supreme Court, additional attempts to eliminate the Senate filibuster, Washington DC and/or Puerto Rico statehood, gun control, etc.
Yes, the Left wants to “fundamentally transform” our country. Conservatives need to continue to resist those attacks and fight to preserve our country’s founding principles.
US Debt Clock – – December 1st – $87,070 per citizen / January 1st – $88,710