by Geoffrey Grinder, Now The End Begins:
The budget plan President Joe Biden unveiled on Monday would hike taxes, increase federal spending to unprecedented levels, and lock in budget deficits that average nearly $2 trillion annually for the next decade.
For many years now, NTEB readers and listeners have been told, and warned, about something called the Cloward-Piven Strategy to destroy America, created by two Marxist American college professors in the 1960’s. That plan began to be implemented during the first two terms of Barack Obama, and here at the end of his third term under surrogate Joe Biden, they are attempting a walk-off home run. How are they doing that? By increasing our National Debt by nearly 50%.
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All over America right now, hardworking citizens are feeling the squeeze with rising gas prices, insane rise of prepared food and grocery prices, resulting in less spending to hunker down and weather the storm. In a shocking sign of a bad economy, over 1,000 Dollar Tree stores are shutting down after an unexpected fourth-quarter loss. If people can’t afford to shop at the Dollar Store, what does that say about the future of our economy? Bullet Point #3 in the Cloward-Piven Strategy instructs Democrats to “Increase the debt to an unsustainable level. That way you are able to increase taxes, and this will produce more poverty.” Need I say more?
The White House Claims Borrowing $16 Trillion Over the Next Decade Is Fiscally Responsible
FROM REASON: Possibly the craziest detail is the fact that the White House is trying to frame all of that as being an exercise in fiscal restraint. No, really. In a “fact sheet” released alongside the budget, the White House touted how the proposal would cut the deficit by $3 trillion over the next 10 years. “Strong and shared growth that benefits all Americans isn’t just good for working families and the economy; it will also lead to better fiscal outcomes,” the administration claims, adding that Biden believes “long-term investments in our nation and its people should be paid for.”
Someone in the White House might want to Google what the phrase “paid for” actually means, because Biden’s budget assumes the federal government will keep borrowing at near-record levels for the next decade.
For fiscal year 2025, which begins on October 1 of this year, Biden is asking Congress to spend $7.3 trillion while the federal government will collect just $5.5 trillion in taxes. That will necessitate borrowing $1.8 trillion to make ends meet. Over the 10-year window covered by the president’s budget plan, federal revenues would exceed $70 trillion, but Biden is proposing to spend $86.6 trillion.
This is what “paid for” looks like, apparently.
So what about that $3 trillion reduction in deficits that the White House is promising? That number is the result of comparing Biden’s 10-year budget plan against the current baseline projections for deficits. It doesn’t mean the debt will fall, or even stop rising—we’d have to run a surplus for that to happen. It only means that, if enacted, Biden’s plan would result in the national debt being $3 trillion lower in a decade than what’s currently projected.
But simply piling up debt at a slightly slower rate shouldn’t pass for fiscal responsibility—not when the government is already $34.5 trillion in debt, and when Biden is proposing to borrow more than $16 trillion over the next 10 years. (And keep in mind that those figures don’t account for any unexpected crisis—a recession, a war, etc.—that might push the government to borrow even more heavily.)
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