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How Fast Can We Spend?

Updated: Jun 13

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This morning the monthly University of Michigan Consumer Sentiment survey was released and it was an unmitigated disaster for the Biden administration. Consumer sentiment/confidence fell by 13% to its lowest levels since last fall and consumer expectations for inflation rose to 3.5%. To put it in laymen's terms consumers are down on the Biden economy and expect things to get way worse.  A double whammy indeed for Biden, the democrats, and cuckold RINO's with an election 6 months away.

The US money supply has increased by 375% since January 2020, from about $4 trillion in circulation to about $19 trillion now. And when you factor in Biden and the democrats runaway spending increase of $6.25 trillion, combined with the regulatory agencies and bureaucrats hamstringing American industry- particularly the energy sector- it really is a miracle that inflation isn't way worse and that the middle and lower classes aren't insolvent. 

In fact, Biden and his merry band of socialists want to spend your money so much and so fast, that according to a Politico article yesterday, they can't pump it out fast enough. Titled "Biden's Trillion Dollar Spending Challenge," the article, which is written from a decidedly left-wing perspective, laments that it might be one thing to pass the largest spending bills in American history, but it is quite another thing to actually spend it all. Can you believe it?

Let's review Biden's four signature spending laws... In total only about 17% of the $1.1 trillion passed has actually been spent.

For the infrastructure law, out of the combined $884 billion passed only $125 billion has been spent. 

For the CHIPS Act, which has really juiced the stock market, only about $30 billion of the $54 billion has actually been spent.

For the Inflation Reduction Act, $60 billion out of $145 billion has been spent. 

None of those figures consider monies allocated for future years.

As you can see, it could be a whole lot worse and it will get a whole lot worse unless we course correct come November and re-elect President Trump and conservative fiscal hawks. 

Most of the politicians on Capitol Hill, and especially in the senate, are just like Joe Biden. They are career politicians. They have never produced anything other than misery and strife. They are experts not at business and budgeting, but in using other people's money as barter. Their entire legacies are based on spending borrowed money, not improving a darned thing, and causing exponentially more problems than they fix. They have demonstrated no functional understanding of a capitalist economy whatsoever. They don't serve us, we serve them.

What they ARE good at is using your hard-earned dollars to reward their donors- read sugar daddies- and buy votes from ignorant overgrown children masquerading as adults on college campuses. 

$370 billion for a climate scam, among many other contrived imaginary "emergencies" of their own making, all with the sole intentions of acquiring, retaining, and expanding their power, and the mass transfer of wealth from middle and lower classes to the upper-upper class, aka the elites. 

Every single American should be outraged. If our population was the intelligent, educated, conscientious, and moral country our founders hoped for, both houses of congress would be gutted, Biden impeached, and a day of reckoning would be foisted upon the political class and their enablers in academia and the media.

Socialism is not just at our door, it is already inside. Since Biden took office, we can now say we live in a country where doctors destroy health, lawyers destroy justice, universities destroy education, governments destroy freedom, the media destroys the truth, false idols destroy our morals, banks destroy our economy, and if you can be indicted and tried for saying there is election fraud- guess what? There is election fraud.

In the words of Marcus Tullius Cicero almost 2000 years ago, "A nation can survive its fools, and even the ambitious. But is cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through the alleys, heard in the very halls of government itself. For the traitor appears not a traitor, he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the heart of men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murderer is less to fear." 

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