Friday, July 23, 2021

The $4 Trillion Forecast for Biden: ‘Go Woke, Go Broke’

By July 20, 2021

With all respect to President Biden — my criticisms are never personal but always based on policy — his statement yesterday on the proposals in his $4 trillion spending plan is malarky.

“If we increase the availability of quality, affordable child care, elder care, paid leave, more people enter the workforce,”.......... “These steps will enhance our productivity, raising wages without raising prices. That won’t increase inflation. It will take the pressure off of inflation.”

This is the most perverse economic recitation I can ever recall. His advisers have sold him a bill of goods — that so-called government investment, which is really a progressive euphemism for government spending. His idea is that, indeed, massive social spending without work requirements or employment incentives is somehow going to boost the economy...........

Governments don’t create inventive new business equipment and technology advancements. Governments don’t create new business start-ups. Governments don’t create new jobs and higher wages. Private enterprise does. The Biden model is so heavily taxing and regulating private enterprise that it will not pay after tax to work, invest, or take risks...........

The 46th president doesn’t believe in free enterprise.............Most troubling, though is that Mr. Biden shows no understanding of the kinds of criticisms that I and others are making. His top people are selling him a left-wing bill of goods and like all left-wing central planning and social engineering, it is doomed to fail. ...........To Read More....


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