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Monday, April 24, 2023

How will your financial future be ruined

Biden's Fiscal Policy Is So Reckless It Can't Be Stupid. It Must Be Intentional.

Up to a certain point I considered many Biden administration policies to be dumb or reckless. How could they spend so much money without regard to GDP and growth prospects? How could they impose so many regulations without regard to hidden costs and declining productivity? How could pandemic-related deficit spending and handouts not be expected to cause inflation? And so on. After a while, I changed my views. The Biden policies were definitely disastrous. But no one could be so dumb as to impose them and not see the consequences. Biden administration officials may be badly misguided, but they're not necessarily dumb (only some are). The only way to reconcile this contradiction is to assume that the policies are intentional and so are the consequences. The goal is to remake America even if that means higher taxes, more regulation, more inflation, lower growth, and intrusion into every aspect of Americans' lives including the cars we drive, the gas ovens we use, and the injections we are forced to take. This article lays out Biden's 10-year plan perfectly. The plan is to rule the country from the top down. The progressive left wants control over you and your family. They don't care about the cost and they don't care if they ruin the country in the process. The progressive elites will be fine. They know how to skim billions of dollars off the top of their scams and get their vacation homes in Martha's Vineyard, their yachts, and their gated communities. Everyone else will be hung out to dry with higher unemployment, failed businesses, and higher inflation. Once things get bad enough, the Democrats and progressives will be able to push the Constitution to one side, which is their real ultimate goal. When the rule of law is gone, there's nothing left except rule by the elites. There will be nowhere to turn. The country will be in ruins and the elites will be comfortably ensconced. They will rule from a virtual citadel while the world burns.

Jim Richards

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