| Unleash Prosperity Hotline Issue #182 12/17/2020 |
| 1) Another $1 Trillion – Merry Christmas The dye appears to be cast. Congress has reached a bipartisan compromise to spend some ungodly large amount ($900,000,000,000 or so, details to come) to provide relief to people and businesses injured by the government’s own ruinous actions. It is a convenient fiction in Washington to call this a “stimulus.” It is as much a stimulus as when someone robs you at gunpoint, snatches $100 from your wallet, and goes out and spends it. It ignores the central and inviolable truth that the only way to stop the relentless financial damage from the insane and unconstitutional government-ordered shutdowns is to stop the government-ordered shutdowns. This bill does the opposite: it is a validation of Cuomo, Pritzker, and Newsom’s wrecking ball strategy. If there is any silver lining here it is that at least the Republicans held the line and rejected the Pelosi/Schumer blue state bailout scam. For now, this bill brings the total spending this year for “stimulus” from Congress and the Federal Reserve to almost $2.5 trillion. Think of this: we could have eliminated the payroll taxes this year for every worker and business in America for about the cost of these four ginormous spending bills. What fools we have in Washington. Instead, we are taxing people who are working and productive and passing the money out to people who are not working. Democrats are shutting down their businesses, schools, stores, restaurants, and requiring taxpayers in other states to pay the costs of their stupidity. The virus is an act of nature. Lockdowns and $2.5 trillion of new debt is an act of man. And the politicians aren’t done yet. The New York Times headline last night reads: “Congress is set to pass $900 billion stimulus bill. More Is Needed.” Biden says this is a down payment for another trillion-dollar spending bill in January. Merry Christmas.  |
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