Tag: President Joe Biden
Biden Spending a “Sugar High” Bust for Growing Economy
President Joe Biden wants to increase government spending by a lot, but will that spending grow the economy by a lot? A surprising source says it won’t. None other than President Joe Biden himself makes that claim in the economic assumptions of his budget proposal for Fiscal Year 2022. Here’s the economic growth President...
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Juneteenth: The Latest Effort to Balkanize the U.S.
Thanks to Joe Biden, a unanimous U.S. Senate, and 415-14 vote in the House, we have a new federal holiday: Juneteenth. The holiday celebrates the day that the Union forces arrived in Galveston, Texas, and announced that the town’s slaves were free pursuant to the Emancipation Proclamation. Various groups on the Right are urging...
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Reality Check Ahead on Deficit Spending
George Orwell has a famous insight from his 1945 work Notes on Nationalism. “One has to belong to the intelligentsia to believe things like that: no ordinary man could be such a fool.” Most people run into this insight in a paraphrased form. “There are some ideas so absurd that only an intellectual could...
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Bobby Kennedy, Joe Biden, and the Fallacy of Shaw’s Serpent
The progressive U.S. Senator and presidential aspirant Robert (“Bobby”) Kennedy campaigned successfully during the 1960s on the strength of a line pinched from the playwright George Bernard Shaw (Back to Methuselah, 1921): “You see things; and you say ‘Why?’ But I dream things that never were; and I say ‘Why not?’” These hypnotic words...
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President Biden’s Climate Pledge: Aspirations Versus Policies
President Biden has pledged to reduce US greenhouse gas emissions by 50% by 2030, and to achieve net zero emissions no later than 2050. This is nothing more than political rhetoric: an aspiration, but not a climate policy. For those who support those announced goals, the president’s pledge, if it has any effect, will...
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Who Is Paying for President Biden’s Spending?
When President Joe Biden was sworn into office on January 20, 2021, the U.S. government’s total public debt outstanding stood at $20,751.9 billion. The chart below shows who Uncle Sam borrowed all that money from on that date:
  • Catalyst
  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org