Stephen Moore / January 25, 2022

The Most Dangerous Virus Today Is Runaway Government Spending

Biden says that his trillions of dollars in spending “are free — they will cost nothing.” Actually, the costs are incalculable.

When I came to Washington, D.C., in 1985, Ronald Reagan was president. I was working for the Reagan budget office. We did something we weren’t very proud of at the time. We introduced the first $1 trillion budget in American history, which was unthinkable. One trillion dollars. There are 12 zeroes in a trillion. A trillion is a million dollars times a million. The budget deficit hit $200 billion and 6% of our entire GDP. Again, unthinkable.

Now, fast forward 37 years later. The budget today is nowhere close to $1 trillion. In 2021, President Joe Biden’s first year in office, the federal spending came in at just under $7 trillion ($6.81 trillion, to be exact). So, in less than four decades, the budget has grown sevenfold. Much faster than inflation. Much faster than the economy. The government is now gobbling up the economy, spending up to 30% of our national output. Add state and local spending, and we are close to 40%.

We have spent hundreds of billions of dollars on unemployment insurance programs with no quality controls, so more than $100 billion was doled out to fraudulent claims. Billions of dollars went to criminals living in Nigeria, South Africa and Mexico. That’s some stimulus to the economy. The Wall Street Journal found that we spent tens of billions of dollars on the New York subway system even though ridership is down by two-thirds. We could practically be giving every rider a free limousine service, which would be cheaper for taxpayers. According to the Wall Street Journal, more money has gone to the New York subway system than all of the federal money for COVID-19 treatments.

We spent so much money on welfare programs that many families with two unemployed parents collecting all the government payouts could get $100,000 or more from taxpayers and not work a single hour.

We continue to provide billions of dollars a year to subsidize wind and solar power, which accounts for about 7% of our total energy production.

Much of the $100 billion for schools remains unaccounted for. No one seems to know where the money went, and nobody seems to care or wants to do anything about it.

The $6.8 trillion the government spent in 2021 was $2.4 trillion more than the government spent in 2019 before the pandemic started. The feds have spent close to $4 trillion in two years to contain COVID, which hasn’t been contained. Gee, that’s been money well-spent!

Could things with the virus be any worse if the government had spent nothing and there had been no shutdowns? This might be the most epic failure of big government in world history.

Yet Biden is saying with a straight face that the problem with the economy and inflation and runaway energy prices is that we didn’t spend $5 trillion more for his Build Back Better monstrosity. So, we have a House Budget Committee chairman, when asked about the wisdom of running $2 trillion deficits each year, saying: “We can spend and borrow whatever we want.” No worries. They’re spending money like it’s M&Ms.

Even the New York Times admitted that Biden’s spending schemes offer Americans “cradle to grave government.” Is that what Americans want? Are we like Linus, the “Peanuts” cartoon character who carries his blanket like a security vest everywhere he goes?

Biden’s solution to the budget and borrowing blowout is to tax, tax, tax. But in 2021, Americans paid $4 trillion in federal taxes. That was 18% of our GDP, which is above the recent historical average. There is not a revenue problem today in Washington but a pandemic of spending. In my new book, “Govzilla,” I document the relentless historical growth of government in America. We were supposed to have limited government but now we have limitless government. In just his first year, the spending proposed under Biden exceeds what was spent on all the wars we have fought, the building of the intercontinental railroad, the interstate highway system and the moon landing.

The spending monster Govzilla is devouring our economy and our freedoms. At least Reagan tried to fight back against the tyranny of big government — sometimes successfully, sometimes not. His warning when he ran for president in 1980 was as prescient now as it was then: “A government big enough to give you everything you want is big enough to take everything you have.”

Meanwhile, Biden says that his trillions of dollars in spending “are free — they will cost nothing.” Actually, the costs are incalculable.

COPYRIGHT 2022 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.