Neil Patel / November 12, 2021

Biden’s Truly Reckless Spending Will Likely Be His Undoing

Biden and his staff are in an insular bubble that’s hard to penetrate.

News flash: Prices are going up. They are going up broadly across many products and services. And they are going up quickly. Inflation is here. It’s already bad, and there are many signs that it could get worse.

In the wake of this news, President Joe Biden has announced that he’s committed to continuing with his massive new government spending program. It’s hard to overstate how crazy this is. The good news for Republicans is even amid all their problems and disarray, with his reckless and rigidly ideological spending plans, Biden may soon be passing them political power. The bad news for America is we are all likely to suffer from it in the interim.

The federal government is on an unprecedented spending binge. Even before Biden took office, the government passed COVID-19 emergency spending bills totaling: $8.3 billion, $192 billion, $2.2 trillion, $484 billion and $868 billion. Some of this was justifiable. COVID-19, and the government restrictions that came with it, devastated many businesses. But much was also wasted.

By the time Biden took office, there were signs that the economy was beginning to recover. There were also signs that the direct payments and enhanced unemployment benefits included in the COVID-19 spending bills were reducing the incentive for Americans to go back to work. They would make more staying home and collecting benefits. On top of this, the federal government was passing emergency spending bills faster than they could even spend the money. With a full $1 trillion in prior federal emergency relief still unspent upon his taking office, Biden nonetheless pushed through the so-called American Rescue Plan, an additional purely partisan $1.9 trillion COVID-19 spending package.

In total then, the U.S. government spent more than 30% of the country’s annual total economic output to try to stimulate the economy. This was unchartered territory. Many on both sides of the political aisle warned at the time that all this government spending could overheat the economy. Larry Summers, Treasury secretary under President Bill Clinton and National Economic Council director under President Barack Obama, summarized the concerns succinctly: “While there are enormous uncertainties, there is a chance that macroeconomic stimulus on a scale closer to World War II levels than normal recession levels will set off inflationary pressures of a kind we have not seen in a generation, with consequences for the value of the dollar and financial stability … Stimulus measures of the magnitude contemplated are steps into the unknown.”

The White House response to those on all sides of the political spectrum who dared to question them was withering. Inflation was just “transitory,” we were told. Ten months have now passed, and we have the answer. The White House was wrong. Inflation has not been transitory. It’s here, and it’s getting worse. This week, the Consumer Price Index was up 6.2% from a year ago. Prices are up across the board. Energy costs are worst, with heating oil up 59%, gasoline up 49% and natural gas up 28%. Food prices are way up too: Beef is up 20%, pork 14%, fish 11%, eggs 11% and chicken nearly 9%. And many other categories are at or near records: Furniture is up 12%, new cars 9%, used cars 26%, TVs 10%, hotel and motel rentals 25%, car rentals nearly 40% and the list goes on.

These are real price hikes hitting real Americans’ pocketbooks. Summers’ warning that we could see inflation not seen in a generation may have been viewed as hyperbolic, but it has come true. The price increases announced this week are the biggest since 1990. They were driven by many factors, but excessive government spending was a major one.

Biden’s response is hard to comprehend. He wants to spend more. Even in a world of bizarre and radical policy proposals like open borders and defunding the police, calling for additional massive new government spending as we are seeing inflation spike to record levels is hard to fathom. Biden has always been a liberal, but he was not known as a wide-eyed radical. Yet what we are seeing today is truly radical. It’s putting ideology over all else. The left wing of the Democratic Party may want to transform America into a much more socialist country, but all this spending as record inflation is already setting in is the opposite of sane.

Why doesn’t the White House understand this? As with every White House before them, Biden and his staff are now in an insular bubble that’s hard to penetrate. They spend their days speaking mostly with each other and those on the outside who share their worldview. They coax each other into believing crazy things. They think they can get away with saying there’s no inflation and then saying, “Sure, there’s inflation, but it’s just temporary” and then saying, “Well, OK, there is inflation, but it’s actually a good thing, and what’s more, a ton more government spending is going to fix it.”

The corporate media’s zeal to prop up Biden as the antidote to former President Donald Trump is now being tested. Will they report at all on the radical nature of what is being proposed? Will they call out the administration’s contradictions and inconsistencies? They have begun to break the dam just a little bit. They should all remember that in the end, there is no amount of bias or even Big Tech algorithm censorship that’s going to hide this truth from the American people. People are not dumb. They see prices going up. They see government spending now permanently pegged at emergency levels. They sense that something is not right with all of this.

COPYRIGHT 2021 CREATORS.COM

Start a conversation using these share links:

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2022 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.