Home 2021 Mr. Biden’s Plan is really the “Green New Deal” in Disguise

Mr. Biden’s Plan is really the “Green New Deal” in Disguise

by Paul Ebeling

#Biden #spending #debtor #bankrupt

All of Mr. Biden’s spending will put the US in the precarious position of being a debtor to the rest of the world. Why? Because it is a not possible that can pay for his wild programs by taxing the Top 1% of American individual and corporations” –Paul Ebeling

Mr. Biden is not a moderate, centrist Democrat.

The American people must rise up and say, “This is not the way we run our country. We pay our bills. We do not massively increase our debt. We do not put our financial system in jeopardy

Among is spending packages is the $1.9-T American Rescue Plan: It was called coronavirus aid/relief/stimulus, but just a fraction of it went to actual VirusCasedemic response.

The $2.3-T infrastructure plan is also being misrepresented as infrastructure, just $618-B is for infrastructure, it is really The Green New Deal.

And Hang on, the Democrats are planning another $2-T spending deal on Top of that, which will be announced in the next couple of wks. More Pork! This is now $6-T of spending that recommended by Mr. Biden.

America is waking up to the fact that Mr. Biden has moved to the left of Bernie Sanders and beyond anything the Mr. Hussein Obama ever proposed. His ideas if they happen will bring the US to the edge of bankruptcy to fight climate change and to massively increase the welfare state is very dangerous.

A revolt is already brewing even inside his party. And I believe the voters will halt his runaway spending train in Y 2022.

The Biden admin is making a mistake in loading up a $2.3-T infrastructure package with things that do not pertain to roads, bridges, airports, or technology, his is a purely partisan exercise and has no Republican support.

I trust that Americans know that our Federal Debt is totally out of control – now at $28.1 trillion and growing in uncontrollable leaps and bounds! For those of you that are unaware, it is projected to grow by 202% of our Gross National Product (GNP) by 2051 – WOW! Can future generations afford this – absolutely not!
So, what are the three key elements driving such debt? First,  our rapidly aging population. America is undergoing significant demographic change. 

“Our society is aging as the large baby-boom generation begins to retire — 10,000 will turn 65 every day through 2029. Moreover, people are expected to live longer, on average. That is great news, but it means that we must prepare for the financial needs of longer retirement. These huge demographic trends put increasing pressure on the federal budget — and in particular on vital programs that serve older and vulnerable Americans like Social Security, Medicare, and Medicaid. Adding to this is our recent Open Door Immigration Policy!

Second, in many ways, healthcare is the most important issue for our nation’s fiscal and economic future. It represents nearly one-fifth of our entire economy, and it’s the second fastest-growing part of the budget.
The U.S. healthcare system at $11,071 per person – compared to Switzerland’s $7,732 the next nation is 30+% less and even Germany’s $6,645 at the Number Three spot! Ours is the most expensive in the world, but we don’t really get what we pay for. We spend nearly three times as much on healthcare as other advanced nations, but our system does not provide better overall health outcomes. Improving the performance of the U.S. healthcare system will not only improve Americans’ lives, it will help stabilize our fiscal and economic outlook. However, where is the priority to focus on this at the Federal level – ZERO? 

“Third, our annual revenues ($3.42 Trillion) to annual expenditures ($6.55 Trillion) in 2020 but projected higher in 2021+.. It would be one thing if our tax code was designed to fund all the promises we’re making. But it’s not.The U.S. tax system does not generate enough revenues to cover the spending policymakers have enacted. This rapidly growing imbalance between revenues and spending leads to higher and higher annual deficits, and the result is an increasing national debt balance. And taxing the rich is not the solution either. How about more prudent Fiscal Management, a principle unknown to our Politicians, at least I can not find it?

So, the next time you go to vote, remember the above and ask yourself who is in reality focusing on the above for they are the ones, as a businessman, I want to see as our elected officials, not pork-barrel spenders, who think they are responsible only to themselves,” says LTN’s economist Bruce WD Barren.

Politicians use racism to ‘divide and conquer’ indicating that racism is not the real problem in America, the real problems are the 3 explained above by Mr. Barren.

Charles Barkley blames politicians for dividing Americans and exacerbating problems between White and Black people in the US.

NBA Great Charles Barkley said Saturday before the Final Four Game, “Man, I think most White people and Black people are great people,” Adding “‘Hey, let’s make these people like each other.”

America is for all Americans, The People do not want to live in racially divided bankrupt country!

Working to Make America Great Again!

Have a healthy week, Keep the Faith!

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.
CLOSE