Crazy Aunt Nancy Pelosi Delivers a Riveting Commentary on the Deficit
Some days ago, I pondered whether Nancy Pelosi had gotten drunk before a recent presser. I’m starting to feel a lot better about that theory, after her latest performance.
The Speaker of the House had some deep, riveting thoughts on the federal budget deficit. For example, did you know that government spending actually lowers the deficit? I know, wonders never cease.
https://twitter.com/thehill/status/1502449544797192192This is actually a talking point that has clearly gone out to the White House as well. On Friday, Joe Biden slammed Americans for blaming government spending for the current inflation crisis, claiming that massive, dollar-printing boondoggles like the American Rescue Plan have had no impact.
Regardless of who is saying it, though, it’s absolutely a false contention. The federal government spent $6.82 trillion in 2021 under Joe Biden. That clocks in at around 50 percent more than the United States was spending pre-pandemic (2019 spending was $4.4 trillion). To suggest that blowing that much funny money into the economy isn’t inflationary is so absurd as to call into question the pronouncer’s mental sanity.
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https://redstate.com/bonchie/2022/03/13/crazy-aunt-nancy-pelosi-delivers-a-riveting-commentary-on-the-deficit-n535558