Wednesday, August 24, 2022
Inflation
OK, they forced through a bill called the "Inflation Reduction Act", that has little to do with reducing inflation and everything to do with re packaging some provisions of the Green New Deal, and the "Infrastructure" bill under a misleading name.
Then Biden proposes anouther 320+ billion dollar bill to lower student loan debt. Which means adding 320+ billion to the deficit/national debt.
Then Biden wants to send another 3 billion in aid to Ukraine, raising the total US aid under Biden to around 20 billion.
Most people agree that government spending causes inflation to increase. Some people claim that pacifism is a vitally important, non negotiable, tenet of progressivism. Yet our progressive president is combining increasing government spending, with supporting a war.
I realize that much of the 20 billion in aid to Ukraine is in military hardward and other goods. The problem is that everything shipped to Ukraine is likely going to have to be replaced and replacement is going to cost more due to the historically high inflation. So this latest 3 billion, probably significantly understates the actual cost to US taxpayers.
Subscribe to:
Post Comments (Atom)
2 comments:
You might be shorting the total spent on Ukraine, but otherwise, it shows just how moronic this administration is to pretend it's doing good. Tye Ukrainian government is corrupt, its people are unlikely to benefit and worst of all for this recent spending, it's spread over something like ten years. That indicates no end to the war any time soon.
Oh, I realize that the Ukraine number could be higher, I went with a quick total of spending specifically by the Biden administration. I did mention that when the federal government goes to replace all of the military equipment that was sent, that the replacement cost will likely be higher by several orders of magnitude.
But hey, giving away money that the US taxpayers have to repay with interest, is justice.
Post a Comment