Joe Biden on Thursday, March 9th traveled to Pennsylvania to present his new $6 trillion budget. He started his speech by saying:
“When I took office 2 years ago, COVID-19 was raging and our economy was reeling. Millions of workers had lost their jobs, hundreds of thousands of businesses closed, supply chains were snarled, and schools were still shuttered. Families across the Nation were feeling real pain. But today, 230 million Americans have been vaccinated. We have created a record 12 million jobs, and unemployment is at a more than 50-year low, with near-record lows for Black and Latino workers and women. Wages are rising, inflation is slowing, manufacturing is booming, and our economy is growing.”
He’s been traveling all around the country plus Ukraine, Germany & Poland, but hasn’t gone to E. Palestine, Ohio to give support to the people of the town after the deadly derailment. As I said in a previous post, this man is a mystery.
Getting back to this crazy budget speech which he touts as a way to cut the deficit by $2.9 trillion over the next decade. I doubt if American can survive that long without going bankrupt said several financial experts.
Biden’s plan is to tax the wealthy to help fund programs for the middle class, older adults and families. It would raise $4.7 trillion from higher taxes, with an additional $800 billion in savings from changes to programs. Actually, he may not be directly raising the taxes of the middle and lower class, but they experiencing the inflation and very high cost of living due to the Biden Administration’s decisions.
The tax increases include a reversal of the 2017 tax cuts made by President Donald Trump on people earning more than $400,000 a year.
It’s a know fact that the rich don’t pay taxes, the middle class does, so he’s blowing smoke every time he opens his mouth.
He want’s to spend $2.6 trillion to give families a credit of $3,600 per child which would be fully refundable meaning households could receive all that money even if they don’t owe any taxes.
He’s also included in his budget $200 billion for free universal pre-school, $109 billion to make community college free, and $85 billion for Pell grants.
In addition, he wants to give all federal works and military a substantial pay raise.
He also wants $4.5 billion to further clean energy development and $16.5 billion to develop new technologies and conduct scientific research. He also wants $7 billion, an increase of about $1 billion, to support economic revitalization and job creation in communities that relied on coal, oil and gas production.
I would seriously like to know where all this money is coming from.
In just two years, Biden has added more than $6 trillion to the debt, including $5.7 in “publicly held debt,” which is money the federal government owes others, and $6.7 in “gross debt,” which includes that figure plus money the government owes itself.
Biden is largely the cause of the situation we are in right now. As he said at the beginning of his speech, “COVID-19 was raging and our economy was reeling. Millions of workers had lost their jobs, hundreds of thousands of businesses closed.” Biden listened to Fauci and mandated that the first responders and the troops get vaxed or else. Businesses and schools were closed and Biden supported that. Now the truth is coming out about the Wuhan labs and Fauci and how the American people were threatened and used as experiments.
Biden brags about reducing the debt but doesn’t take responsibility for his out-of-control spending.
He hasn’t said anything about fentanyl coming into our country, human trafficking, along with the millions of illegals because of his open border policy. Nor as he mentioned the price of gas and groceries which is affecting every American.
Are you better off now than you were 2 years ago?
Thank you again, Nancy, for keeping us informed and for providing real news; the kind that sheds light on the deceptive reporting practices of corporate- and government-owned media due to their silencing of facts.
East Palestine indeed; speaking of which, we’d like to encourage the readers, that once having read Nancy’s wonderful weekly roundup, please also read Attorney Jeff Childers almost daily newsletter as well.
In today’s issue online he references very important contrasts involving East Palestine, among other very important real news (with a little bespoke sarcasm thrown in for humor.)
Lies, Lies & more Lies!
My President is a master of prevarication and very, few identify this flaw of high-caliber.
2 years ago my $1000.00 bought $1000.00 worth of product/services. Today, it requires $1782.23 to purchase the same $1000.00 level! If you desire to research it, yourself, go to: https://www.bls.gov/
It’s the U.S. Bureau of Labor Statistics website and will reveal many, MANY truths diametric to the mendaciousness of Biden’s retort!
Such as the decline of the REAL hourly wage rate, a sour CPI (consumer price index), unfavorable ECI (Employment Cost Index), ICI (Cost of Imports) rise over 57% YOY Feb 2021-2023, and more gems!
As a business owner, I see AND feel the real cost of Biden & his administration’s impact on me… and it’s counterproductive!