In a world where the ruling regime were not trying to damage the economy, the sentence, “The way to stop inflation is more spending!” would be part of a standup comedy routine. But that’s just what the Democrats are trying to do in real life.
“[Epoch Times] The passage of the Inflation Reduction Act over the weekend brings the total amount of spending in the pipeline by congressional Democrats to around $3.5 trillion since President Joe Biden took office, with the imposing tally coming as Americans struggle with an inflationary cost-of-living crisis.
Senators passed the sweeping bill (pdf), estimated at $740 billion, in a 51–50 vote on Aug. 7, with Vice President Kamala Harris casting the tie-breaking vote.
The package, which Republicans have panned as a tax-and-spend bonanza and the nonpartisan Congressional Budget Office (CBO) said would have a negligible impact on inflation, next goes to the House for consideration.
Assuming the bill clears all remaining legislative hurdles and gets signed into law by the president, this would bring the total amount of big-ticket spending by congressional Democrats under Biden’s watch to nearly $3.5 trillion.
The head-turning tally is arrived at by adding up the price tags of the American Recovery Act ($1.9 trillion), the Infrastructure Investment and Jobs Act ($550 billion), the Chips and Science Act ($280 billion), and the Inflation Reduction Act ($740 billion).”
One of the big goals of the bill is more spending on “climate change,” by the way, about which leftists have been consistently wrong for decades. Furthermore, many supposedly pro-climate measures actually hurt the environment (and people) more.
“Republicans have panned the measure, arguing that its business tax hikes would hurt job creation and, contrary to the bill’s name and stated intention, would actually add to inflationary pressures. . .
Overall, economists are divided over the Inflation Reduction Act, with some arguing that it will lead to lower consumer prices while spurring economic growth, and others predicting that the measure will worsen inflation and contribute to economic stagnation.”
The system will collapse—it’s not sustainable. Unfortunately it’s the average American who always pays most for the stupidity of elites.
Known as the Cloward-Piven strategy (CPS) the deliberate take down to break 'the system' is obvious, as indeed was the visit to Taiwan by Agent Provocateur Pelosi. The alignment of the Marxist imbued Rainbow swastika with the CCP is the preferred path into the future, with ESGs, social credit scores providing the required coerced compliance for the 'hesistant'. A faux-war to take down Taiwan and bring the US to submission to the EU/CCP axis to avoid global catastrophe (war, "climatism," pandemics) and protect markets. The opportunity to avoid this by States secession seems past; yet another missed one.
Given the total subversion of media, politics, education and the bureaucracy by ideology, the ballot box is all but dead.
A global civil war aka WW3 beckons. Regrettably it is both the emetic and enema that the World appears in dire need of. A purge (and I dislike using that hackneyed Leftist word) is reasonably required to end the tyranny of the de-legitimizing Left and to expunge the Manifesto of 1848 and its profoundly destructive, divisive, destitutional derivatives from the lexicon of civilisation.