Neighborhood Ministries

While President Biden totes his massive spending bill (one of several) he talks about the fact that it won’t cost the average American because they will be taxing the rich and large corporations. It sounds nice but ignores basic economics. First, there aren’t enough rich to pay the price for the spending they want. Second, the rich won’t pay it. They will hide their money in tax free accounts. That will take money out of circulation which would normally be used to create new businesses and expand old ones. Next, taxing big corporations would hurt the average American because businesses would pass the cost on to the consumer (you and me) in higher prices for goods and services. That would hurt the poor, the retired, and others on fixed incomes who wouldn’t get pay raises. The less business, the less taxes coming in. Lastly, increased revenue only fuels their desire to spend more so the added money won’t pay down the debt.

It is really upsetting to see the rhetoric flying about the budget proposal. The Democrats are accusing the Republicans of refusing to give in and increase the debt limit when that is a two-way street. The Democrats aren’t giving in on cutting spending. The Democrats just want to up the debt limit so they can continue their wasteful spending. The Republicans gave in so they couldn’t be accused of shutting down the government and so we got saddled with a huge increase in spending again. It is time we call a stop to the wasteful spending and require our legislators to live within their budget like everyone else has to. Raising the debt limit will only put off the inevitable need to cut spending. The debt is getting so large it is hard to even pay the interest on it and allowing it to increase will only increase the interest. Eventually it will reach the point where we can’t pay the interest, let alone pay on the principle. It is time we demand that our law makers honor their campaign promises and cut spending. They won’t do it on their own, the American people have to demand that they do so.

President Biden just ordered a raise for federal employees. After robbing the average American by fueling inflation by pushing through massive new spending  and crippling the American energy programs, he turned around and hurt them again by pushing through huge new taxes. Now, he is rewarding the bureaucrats who already make fantastic salaries, and who are almost immune from firing due to strong unions, supported by laws enacted by liberal Democrats. The increased  cost of those raises will raise the budgets of federal agencies, however, there is nothing in the Constitution that authorizes the President to order expenditures from the treasury. The House must initiate and approve all budget items and they must be approved by the Senate. Once passed by Congress, the President has the authority to approve them or veto them, but can not change them. President Biden seems to think he can take the law into his own hands and change it at his own discretion.