If Joe Biden’s American Jobs Program, outlined in Pittsburgh, is enacted, then the federal government will take a great leap forward toward irreversible control of the destiny of the Republic.
To finance this leap, to subsidize this giant stride toward socialism, U.S. corporations are to be forced to turn over to the government a far larger slice of their earnings. The corporate tax rate is to be raised from 21 to 28%. And that is only the first of the new or added taxes to come — on incomes, capital gains and estates.
The bait to lure Republicans into embracing this $2.3 trillion in Great Society II and Green New Deal spending is the modest fraction to be allocated to infrastructure — airports, bridges, roads, ports, public transit.
Most of the rest is to be used to grow social programs and launch new ones. Biden plans to lead the nation into a new “forever war,” an endless war on climate change. Meanwhile, the Chinese pump ever more carbon into the atmosphere, as Americans sacrifice to take it out.
Make no mistake. “Sleepy Joe” is determined to emulate, not Bill Clinton or Barack Obama, but FDR and LBJ, and to be remembered as a president who raised federal power to new heights.
The significance of what Biden has already done, with his $1.9 trillion American Rescue Plan, cannot be denied.
Even before the COVID-19 pandemic hit with hurricane force in March 2020, the U.S. was looking at yearly trillion-dollar deficits. Then, in that final year of the Trump presidency, came a massive surge in federal spending of some $4 trillion.
The final 2020 deficit exceeded $3 trillion. and the U.S. debt now exceeds the gross domestic product for the first time since World War II.
But unlike 1945, when the war was all but over and federal spending was about to recede dramatically, today, the riptide of new spending is coming in stronger and stronger.
Why? The reasons are many.
First, fear of the social, economic and political consequences of a recession is far greater in Congress and the country than the fear of an outbreak of inflation, which seems to have been contained.
Second, the drivers of deficit spending are growing bolder as the traditional resistance grows weaker. Inside the Republican Party, once a church preaching small government and balanced budgets, the deficit hawks are going the way of the passenger pigeon — toward extinction.
Then there are the other driving forces of larger deficits.
Social Security, Medicare and Medicaid, the major entitlements and principal budget elements, are all programmed for growth.
Nor did Donald Trump extract us from the draining wars of the Middle East.
Also, for a decade, the Federal Reserve has held interest rates down and inflation has not been the threat it was at the end of the 1970s when Chairman Paul Volcker brutally squeezed it out of the economy.
The only way interest rates can go now is up, and with the federal debt as huge as it is today, interest rates do not need to rise too far to consume a large chunk of the federal budget.
Over the last century, it has been the fate of the Republican Party to retreat, regroup, resist and retreat again on this macroissue of deficits and debt.
When Cal Coolidge left office in 1929, the federal budget claimed 3% of GDP. The Crash of 1929, the Great Depression and the Second World War followed. All saw huge increases in the federal government's claim on the nation's wealth.
But when the Depression and war ended, Eisenhower Republicans made no effort to repeal FDR's New Deal. And when Barry Goldwater was nominated in 1964 and went down to crushing defeat, LBJ, who cut his teeth in the New Deal, used his massive majorities on the Hill to launch his Great Society, programming new spending far into the future.
When Ronald Reagan came to power on a promise to restrain the federal government, he enlisted the private sector, with his tax cuts, to be the locomotive of progress. But even Reagan failed, by his own admission, to restrain the deficits.
The financial crisis of 2008 and 2009 brought us our first trillion-dollar deficit.
And while Trump unleashed the private sector with his tax cuts -- unemployment was at record lows across the board on March 1, 2020 -- the pandemic and the economic crisis it engendered brought about a bipartisan clamor for government to resolve the crises.
So, where are we?
There appears to be no historical evidence that once a Western democracy expands central power and control of the nation's resources that it ever willingly gives up those gains.
Yesterday's gone. Yet, Biden's remaking of America must be resisted. As was said at Waterloo, "The Guard dies but does not surrender!"
--Patrick J. Buchanan is the author of "Nixon's White House Wars: The Battles That Made and Broke a President and Divided America Forever."
The government should keep the criminals and terrorists away and leave everything else to the private citizens.
AGREED!!!!!!
Joe Biden is on of the greatest Traitors of any country. He certainly couldn’t be from America.
He is from America but doesn’t know what that means. Since he got in the White House by fraud one cannot expect him to do anything good for America. He needs to be impeached NOW and Kamala too and then have a special election for president again and hopefully get Trump back and I would like to see Pence with Trump even though Pence may have made a mistake. He is a good man.I want Trump back for a second term and then hopefully Pence following. Things were so much better and looking so much better for future with those two in charge.We need the special election so Piglosy doesn’t get in charge.
If it were not for Pence, Trump may still be President! I would not vote Pence for dog catcher!
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The best part is that the spoiled, gullible, foul-mouthed woke idiots are going to get stuck with the bill and also get to enjoy living in a socialist country controlled by inept government lifer bureaucrats!!!!
Unfortunately, the rest of us are going to have to suffer along with them.
It is time to exercise our rights against this destructive so called administration: IN OUR CONSTITUTION:
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.– That to secure these rights, Governments are instituted among Men, deriving their just powers from the CONSENT OF THE GOVERNED, –That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.–Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them ***( current administration- my words not in the constitution but represent what we fought for against King George now being done to WE THE PEOPLE BY CURRENT SO CALLED ADMINSTRATION)*** to alter their former Systems of Government. The history of the present King of Great Britain ( Current so called administration) is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States.
Previous to that:
“Single acts of tyranny may be ascribed to the accidental opinion of a day; but a series of oppressions, begun at a distinguished period and pursued unalterably through every change of ministers, too plainly prove a deliberate, systematic plan of reducing [a people] to slavery.” –Thomas Jefferson: Rights of British America, 1774.
These acts began in the late 60’s.
Wants to Federalize ALL
But need Infrastructure alone
New materials to repave roads, hwys, bridges alone nationwide
HSRR Cargo & passenger with Virgin Hyperloop
Such waste
More for social welfare & NO to vaccine passports
My sentiment exactly
Joe Biden will never be my POTUS. He’s an imposter destroying America.
STOP JOE BIDENs AMERIXAN JOBS PLAN! IT IS NOTHING MORE THAN A MOVE TO SOCIALISM AND COMMUNISM.
WE NEED TO VOTE TO IMPEACH BIDEN AS THE TERRORIST THAT HE IS! HE SOLD US OUT TO CHINA AND CONTINUES TO PLACE THEIR WANTS AHEAD OF OUR NEEDS!
THE WHOLE BIDEN FAMILY IS GETTING RICH OFF OF CHINA MONEY BRIBES!
biden is a corrupt and fraudelent president–he won by cheating. he wants to remake America into a communist country just like Russia. And make China the most powerful nation on earth. Shame on biden .
VPHarris said her and biden will lift children from poverty…hell the democrats have been saying this since LBJ put people on welfare….here we are since 1966
….55 years later and they have not solved the problem…talk about stupid… as nd we pay these idiots a salary
Why remake America? We liked it just fine that last four years with President Trump. We just needed more law and order from the blue people.
Remaking USA into a globalist totalitarian nation. Do some serious research on the UN and democrat political Build Back Better platform… remaining days are numbered .
Why would anyone in their right minds want to go back to obummer/obiden America? That’s ludicrus. President Trump knew how to take America back and now we have a do-nothing telling us how to remake America? Give me a break!
Joe Biden and all of the Dems are actually destroying America. They are funding all of the illegals and not taking care of the millions of American citizens sleeping in the streets and in tents. The people who voted for the Dems need to open their eyes & look at reality! You Democratic voters have contributed to the destruction of America. The illegals that are already here feel that America owes them!
No one knows why he was selected to be in the position to serve and protect our nation, but honestly, his recovery program is directed to his home state and the other twelve colonies.
America has worked for over 200yrs, sure don’t need someone like Biden screwing things up , just stay in the basement we’ll call you someday maybe. Oh, one more thing you work for the people do your job, we happen to be free by the way and we are not changing that think you!!!
Why don’t you just stick to making your on your. Billions I am not interested in your political views.
You are in the bed with Trump…..And don1t care for either one of you!!!!
“Fundamentally transforming America” OBiden is OBama 2.0 … you all happy with the transformation? Resistance 21
Biden could down as the greatest President ever in American history!
Social Security and Medicare are NOT entitlements. Good grief.
I quit reading after this.