Democrats Plot a Fiscal Apocalypse

As promised, the Democrats are preparing a budget that will cost $4.1 trillion over the next decade, including $3.5 trillion in new spending ––“the largest spending increase in American history,” the Wall Street Journal reports. The legislation will turn into law a progressive wish-list: green pork for “renewable energy” grifters; “a robust expansion of Medicare,” as Chuck Schumer gloated, despite the program’s impending bankruptcy; “cash for universal pre-K, paid family leave, a new federal child-care program, free community college,” and “more money as well for permanently higher ObamaCare subsidies, teachers unions, affordable housing, home healthcare, food subsidies and welfare programs,” as the Journal catalogues this drunken-sailor fiscal binge.

Of course, there’s no money to pay for all this largesse, and making the “rich pay their fair share,” as the Dem’s canard goes, won’t even come close to funding it. Indeed, confiscating the collective wealth of the country’s 614 billionaires––$4.56 trillion–– wouldn’t even cover the fed’s budget for FY2020, $4.8 trillion....

If the Dems’ current spending spree actually happens, we will be facing a fiscal apocalypse....

Progressives for a century have championed bigger government and the redistribution of wealth managed by unelected, unaccountable technocrats in government bureaus and agencies. Like all tyrants, they dole out entitlements to the masses as the bribe for tolerating this vast expansion of intrusive power. Throw in a crisis like a depression or pandemic, and conditions are ripe for a power-grab....

As economist F.A. Hayek presciently wrote about Social Security, “No system of monopolistic insurance has resisted this transformation into something quite different, an instrument for the compulsory redistribution of income” and “a tool of egalitarian redistribution.”...

Democrats, of course, are the main drivers of such redistributive spending and regulatory intrusion. But over the years Republican presidents and lawmakers have gone along with this metastasizing federal power and shrinking power of the states and civil society....

Jobless Claims Unexpectedly Jump 51,000 to 419,000, Breitbart, July 22, 2021.

The Cloward–Piven strategy - fundamentally transforming America, CAURCO research:

The Cloward–Piven strategy was developed in 1966 by Americans Richard Cloward and Frances Fox Piven - both sociologists and political activists. The Cloward–Piven strategy focused on overloading the United States public welfare system in order to precipitate a crisis, which would ultimately lead to replacing the welfare system with a national system of "a guaranteed annual income and thus an end to poverty".

An ancillary consequence of the strategy includes shoring up of the Democratic Party, which at the time was splintered by pluralistic interests. Another side effect would be relieving local and state governments of public welfare burdens, since the burden would be shifted to the federal government - in other words, in a manifestation of socialism. Taxpayers, of course, would cover the cost in either case.

Cloward and Piven focused primarily on redistribution of income, stating that full enrollment in welfare programs...

The strategy, while originally intended to bring about a socialistic guaranteed national income, remains a viable way to transform an entire nation. Indeed, many of the changes we see in America today are consistent within the framework of the Cloward–Piven strategy....

Article final link:

The above article contains excerpts - we encourage you to read the complete original article

Search form

Democrats Plot a Fiscal Apocalypse