SPENDING SPREE DASHES HOPE FOR DEBT

April 19, 2021
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Last week, we discussed the outrageously expanding National Debt. And how thankful we are here in North Carolina that we don’t have to face the national threat of runaway spending because of our state constitution and the fiscal discipline of the courageous Reform Majority in leadership of our legislature.

We hope you had a chance to view the National Debt clock on line and the speed with which it is enumerating our country’s sickening debt load.

We wish there was hope that someone in Washington would address the ever-increasing debt – now around $28 trillion.  It’s not a partisan problem.  Government spending was not controlled under the Bush administration – under the Obama administration – nor in the Trump administration.

DEBT NOT ABOUT PARTY.  When George W. Bush took office in January 2001, the national debt stood at $5.8 trillion.  When he left in 2009 after 8 years, it was $11.6 trillion – more than a 110% increase.  When Barack Obama left office after 8 years, he had increased the debt $8.5 trillion – to $20.1 trillion, a 73% increase. At the end of Donald Trump’s 4-year presidency, he had added $6.7 trillion – a 33% increase.

No one – and most of the blame goes to Congress – has put the breaks on government spending.  It’s a way of life.  An addictive drug politicians use to get votes.

So if there was a glimmer of hope for deficit hawks that maybe the old Senator from Delaware, Joe Biden, would work to pare down our national embarrassment as President, those hopes were dashed recently with his plans to spend more trillions on what he called “infrastructure.” (Read on to see why there was a ray of hope for President Biden.)

Of course, his spending plan was a huge basket of liberal dream packages including climate change measures, calls for doubling federal funds for rapid transit, and even a provision called the Protecting the Right to Organize (PRO) Act, a bill aimed at significantly strengthening workers’ rights to organize – to help his Big Labor allies.  All in the name of “infrastructure.”

The headlines from all over the news spectrum called it what it is – a liberal spending spree.

The Meaning of the Democrat’s Spending Spree (The New Yorker, April 6, 2021)

Biden’s Plan ia an Unfocused Spending Spree  (CNN, March 31, 2021)

Biden seeks spending spree on affordable housing | TheHill (April 9, 2021)

Biden spending spree to unleash inflation, big-money managers worry | Fox Business (FoxBusiness.com, April 13, 2021

Crazy Things Happen: Biden’s Spending Spree triggers fuels feud over risks  (Politico, March 25, 2021

The Washington Post headline drew the battle lines:  White House unveils $2 trillion infrastructure and climate plan, setting up giant battle over size and cost of government (Washington Post, April 1, 2021) Yes, we hope there will be a robust debate over just what the American people really want from their government.

Sen. John Barrasso (Wyo.), chair of the Senate Republican Conference, called the Biden spending plan what it is – saying “it amounted to an ‘out-of-control socialist spending spree’ that reflected “the left’s radical agenda.”

All this liberal spending frenzy from the man who in 1995, according to the recent New Yorker article, “supported an amendment to the Constitution requiring the federal government to have a balanced budget.  That U.S. Senator for Senator Joe Biden.

Imagine that.


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