Friday, February 26, 2021

As Americans Go Hungry, Homeless, Drug Addicted, and Unemployed, Washington Politicians Run Up Debt and Government Spending That Has Nothing To Do With Americans In Need

Washington politicians are at it again, putting forth another bloated, wasteful spending package under the guise of providing covid relief to struggling Americans and American businesses. While I fully support helping people out in hard times, the first priority of politicians is to take care of themselves, their families, their supporters and donors and then take care of the people that are truly in need.

Before we get into how they are wasting our taxpayer money on their latest spending boondoggle, consider the following realities:
  • The Federal government debt is approaching a whopping $30 TRILLION, or about $900,000 for every man, woman and child in the country, i.e. everyone one of us would have to pay out almost a million dollars EACH to cover the existing debt that grows bigger everyday.
  • About 18 million people face the real possibility of going hungry today.
  • There are anywhere between 500,000 to 600,000 homeless Americans anytime throughout the United States.
  • There are probably millions of drug addict Americans in need of addiction treatment in the country today.
  • Millions of people have lost their jobs as a result of the pandemic and are facing financial disaster.
Given the skyrocketing national debt, given the millions and millions of unemployed, hungry, homeless and drug addicted Americans, these are some of the spending tidbits and bad priorities that Nancy Pelosi and Congress have stuffed into the latest pandemic relief bill:
  • Despite the suffering just listed, the latest bill sets aside $1.5 million for the Seaway International Bridge, which connects New York state to Canada. Oh, yeah, Senate leader Chuck Schumer happens to represent New York state.
  • $50 million for “family planning” non profit organizations.
  • $852 million for AmeriCorps, AmeriCorps Vista, and the National Senior Service Corps – the Corporation for National and Community Service – civic volunteer agencies in addition to their current year budget allocations which for AmeriCorps is $1.1 billion.
  • There is $470 million in the bill to double the budgets of the Institute of Museum and Library Services and the National Endowment of the Arts and Humanities.
  • Which raises the bigger question, what is the Institute of Museum and Library services, is it actually needed, and why does it merit a doubling of its budget when Americans are hungry and homeless?
  • There is $128.5 billion to fund K-12 education but that money will not be dispensed until 2022 and will be spent every year afterwards until 2028, well after the pandemic is over which raises the question: why is it in a 2021 pandemic relief bill?
  • Another $1.5 billion for perennial money losing AMTRAK, a loser organization for years which has lost $392 million of the past three years despite getting a $5 billion taxpayer subsidy, i.e. the perfect example of throwing good money after bad and which has nothing to do with pandemic relief.
  • Of the $1.9 TRILLION of spending in covid relief the bill, only $825 billion is for covid relief.
  • The other $1 TRILLION or so is for more expansion of government bureaucracies and national debt.
How many hungry, homeless and drug addicted Americans could be taken care of TODAY with that wasteful, extra $1 TRILLION that is being wasted on bridges, AMTRAK, museums, future education needs, etc.?

As Washington politicians continue to prove, never let a good chance to raise spending for favored friends and entities even if you have to lie and say it is for suffering Americans hit hard by the pandemic. So, another TRILLION dollars spent on mostly useless government organizations and programs, another TRILLION dollars added to the national debt. Consider how bad Washington has been in controlling spending over the past dozen years:
  • The national debt was $10 TRILLION in 2008, i.e. it took Washington politicians over 200 years to accumulate $10 TRILLION in debt.
  • In the eight years that Obama was President, the national debt almost doubled to $19.6 TRILLION.
  • In other words, Obama’s Presidency ran up almost as much debt as every previous Presidential administration COMBINED.
  • By 2020, the debt had increased another $7 TRILLION in just four years.
  • In other words, in only four years Washington added enough debt to be equal to about 70% of the TOTAL debt every Presidency before Obama had run up.
  • In just a few months into 2021, the debt is up about another $4.4 TRILLION as Washington spends on two covid relief bills, both of which were laden with non-essential non-covid, and non-necessary Federal spending.
We as a nation are in sad, sad shape when it comes to the impending debt bubble financial disaster that is looming. Keep in mind that it is not just the current debt levels that are out of control. We have previously discussed the reality that the Federal government currently has over $80 trillion in unfunded future liabilities, mostly Social Security and Medicare, that it has no plan on how to pay for.

And yet Washington uses the air cover excuse of suffering Americans to add more and more unnecessary debt to the country’s future. Disgusting and despicable are not strong enough words to describe their idiocy, greed, and ignorance.

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