Bidenomics At Work! Interest On Federal Debt Higher Than Bloated Defense Spending, Biden Ignores Supreme Court And Forgives $1.2 Billion In Student Loan Debt (Cabbage Rolls And Coffee For Us, Wagyu Beef And Champagne For The 1%)

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I remember the joke made by Jay Leno about Obama. Go to a McDonalds and order whatever you want and give the bill to the person behind you. Unfortunately, that is the Democrat playbook under Obama/Biden (hereafter termed “O’Biden”). For example, Biden is bragging about forgiving student loan debt relief in the amount of $1.2 Billion in student debt for roughly 153,000 borrowers. And bragging that he is ignoring the US Supreme Court like a banana republic dictator. Like the Jay Leno “joke,” SOMEONE has to pay for this election year vote pandering. But that is the beauty/tragedy of BIG government. It is so big and the numbers so monstrous that many kind of shrug and go “eh.” But someone pays and its the middle class in the form of taxes and inflation.

Who is going to pay for the 10 million illegal immigrants that have crossed the southern border under Biden? While Paul Krugman points to a higher GDP from immigration (illegals still buy goods and services), but mostly are a deadweight drag on social services such as welfare, Medicare, schools, healthcare system, etc.). And of course migrant crime is going off the charts. Who pays for Biden’s border fiasco? The middle class and low wage workers, of course. Elites benefit from uncontrolled immigration, generally live in compounds with private security that the rest of us can’t afford. Remember President Carter and the Cuban Mariel boat lift where Fidel Castro emptied his prisons and sent them to Florida creating absolute mayhem and a huge spike in crime? Biden and Cuba Pete Mayorkas turning up the heat on immigration and its accompanied crime wave.

O’Biden loves to spend other people’s money. Aka, OUR money. Case in point. According to the CBO, net interest on the exploding Federal debt under O’Biden now exceeds our defense spending and that gap is expected to explode. To be sure, the US is funding billions in the middle east, handing over billions to Zelensky and Ukrainian oligarchs, and we have China. What a mess!

So, when will “Billions Biden” stop spending other people’s money? Well, only a barely-held Republican House can stop Biden. Meanwhile I will focus on soaring food prices and eat cheap cabbage rolls and drink coffee. Until Biden kills off those pleasures.

But don’t worry! We might get Gavin Newsom, the ultimate used car salesman, to replace Biden against Trump. But Biden’s ego is so massive (why I have no idea) that he won’t go down without a fight. And what about Cacklin’ Kamala?

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Published by confoundedinterest17

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