Joe Biden is said to be preparing a $6 trillion dollar budget busting spending bill. Although he claims he is not raising taxes on the the lower and middle classes, that is a lie. You won’t be directly taxed but inflation will eat large chunks of your weekly pay.
Already, inflation which has been absent for a good many years is back with a vengeance. But, the big inflation will hit when corporate taxes are raised.
Companies cannot afford to eat a 7% increase in taxes. They have to pass it on. This does not even cover the ever rising of the price of gas and heat.
Now, add in for the devaluation of our dollar as we sink further and further into debt. We will survive four years of Biden, but we will come out of it bruised and in pain. No doubt a lot of that $6 trillion will be for global warming and other pet projects from the left.
It does include childcare and medical care for the ever increasing number of illegal aliens. For fiscal 2022 the total cost of illegal aliens everything included will reach possibly $200 billion dollars.
Biden’s budget means deficits of $1.3 trillion dollars a year for at least a decade. And don’t forget, Biden has two more spending bills at $2 trillion or more.
Now, we have the other thing that will cripple many families and that is jobs. The rising cost of electricity will drive a lot of manufacturing jobs out of the country. The low wages that can be paid to illegal aliens will mean even less jobs for Americans and will likely place many families onto the public dole. This through no fault of their own unless they voted for Biden.
The budget proposals will require approval by the Democrat-controlled Congress.
Critics reacted to Biden’s multiple waves of spending. The Daily Wire’s Ben Shapiro noted that Biden’s spending — $6 trillion budget, $2 trillion “recovery” bill, $2 trillion infrastructure bill, and $2 trillion “American Families Plan” — amounted to $12 trillion.
“This is the spending this ‘moderate’ houseplant has proposed in the first six months of his administration,” Shapiro added.
+ $2T "recovery" bill
+ $2T infrastructure bill
+ $2T "American Families Plan"
This is the spending this "moderate" houseplant has proposed in the first six months of his administration. https://t.co/E92P9cxuxU
— Ben Shapiro (@benshapiro) May 27, 2021