$3.5 Trillion Democrat Fantasies

[mystery-ak]

$3.5 Trillion Democrat Fantasies
State power at all costs — trillions, if need be.
by Melissa Mackenzie
September 28, 2021, 10:02 PM


No normal human can comprehend one trillion dollars, never mind three trillion dollars. It’s difficult enough to comprehend a billion dollars. According to Joe Biden, 3.5 trillion dollars is no big whup. It will cost nothing. Zero.

The tax increases in the bill? That won’t make companies increase costs to consumers, no sirree. Just ask Jen Psaki:

    Jen Psaki: It’s “unfair and absurd” that companies would increase costs for consumers in response to us taxing them more. 😳 pic.twitter.com/rHilrYdj4j

    — Jason Rantz on KTTH Radio (@jasonrantz) September 28, 2021

I almost cannot believe the insanity of what she’s saying. Then again, I can believe it. From Biden on down, Biden administration officials are academics and communists (but I repeat myself) and do not understand how human nature or business works. It’s beyond their ken.

Obviously, businesses who must turn a profit will increase prices to compensate for increased costs. They have to in order to pay their employees and other costs of doing business. Why be in business if they don’t make money? America is in the grip of inflation already. The global supply chain is choking various places (but mostly China) and so the costs of goods are increasing. What will happen when these businesses are taxed more? Their prices will go up. What will that produce? More inflation.

When another huge influx of fiat money floods the economic system, further devaluing the dollar, there will be even more inflation.

more
https://spectator.org/3-5-trillion-democrat-fantasies/

[mountaineer]

A little payback for being the DNC's obedient lackeys.

Democrats’ Latest $3.5 Trillion Spending Spree Includes $1.3 Billion Media Bailout
A relatively unheralded program in the $3.5 trillion Democrat spending spree would provide well more than $1 billion in bailout funds to media organizations.
By Christopher Jacobs
September 29, 2021

Several weeks ago, I wrote an article asking why the media in general, and Politico in particular, refuse to cover the irregularities in Joe Biden’s taxes. Turns out they have a lot of reasons not to do so. Approximately 1,269,000,000 reasons, in fact.

A relatively unheralded program in the $3.5 trillion Democrat spending spree would provide well more than $1 billion in bailout funds to media organizations. You read that right: With our nation more than $28 trillion in debt, Democrats want to raise taxes to spend more money on their political allies in corporate media.

It’s enough to prompt the inevitable chicken-and-egg question: Did Democrats propose this bailout because corporate media bury scandals like Joe Biden’s taxes and Hunter Biden’s e-mails, or did the media bury those scandals in the hopes of receiving a bailout? ...

Beginning on page 2,326, Section 138517 of the bill provides a payroll tax credit for “compensation of local news journalists.”

The program would provide a credit of up to $50,000 annually for each “local news journalist” on staff, subsidizing half of wages in the first year and 30 percent for four years thereafter. The bill defines “local news journalist” as someone who works “at least 100 hours” each quarter, “during which time such individual regularly gathers, collects, photographs, records, writes, or reports news or information that concerns local events or other matters of local public interest.”

That language implies the credits will go primarily towards small-town reporters. Requiring eligible journalists to work only 100 hours per quarter—less than 10 hours per week—suggests lawmakers want to support publications with part-time or freelance correspondents. ...

The Federalist