https://www.frontpagemag.com/fpm/2021/02/joe-bidens-dangerous-first-month-bruce-thornton/
The collateral damage of the Democrats’ irrational obsession with Donald Trump includes Trump’s transformative policies that rescued both an underperforming economy, and a foreign policy dangerously mired in stale “new world order” narratives. In just one month the extent of the Dems’ damage is obvious, with more to come if Biden’s plans can secure legislative approval.
Exhibit One is the COVID relief and stimulus grift, a near $2 trillion boondoggle crammed with payoffs to political clients like blue-state governments to pay for goodies that have nothing to do with the virus––like nearly $1 trillion in spending for state and local governments and housing aid, and including $130 billion for schools, even though between $53 and $63 billion remains unspent from last year’s COVID Education Relief Funds. There’s also dough for Medicaid expansion, nutrition assistance programs, and raising the tax credits for dependent children––the usual bribes doled out by redistributionist progressives. And don’t forget the $1 billion for “vaccines confidence activities,” that is, progressive marketing “nudges” to get people to do what government wants.
Coming after the previous administration’s largesse, this new binge is reprehensible. At least last spring there was a reason for spend money to mitigate the economic impact of the lockdowns in lost jobs and shuttered small businesses. The December bill was more problematic, but handing out money near an election is too useful to give up. But now, when we are closer to easing the lockdowns and getting the economy back to speed, is not the time to load up on even more debt and distort the market with “stimulus” money that rarely stimulates the economy while rewarding partisan clients. And given that by some estimates $1 trillion in various relief and stimulus programs from last year hasn’t been spent or is unaccounted for, borrowing even more is fiscal malfeasance.
Finally, remember that if this bill passes, another $2 trillion will be piled onto our $27 trillion national debt, now surpassing GDP for the first time since World War II. The inevitable reckoning for this chronic bipartisan debt and deficit binge––along with unfunded federal liabilities and the collision of entitlement spending with a growing and longer-living population of recipients–– will now be much closer.