{"id":51862,"date":"2023-09-07T10:28:49","date_gmt":"2023-09-07T14:28:49","guid":{"rendered":"https:\/\/www.rightwinggranny.com\/?p=51862"},"modified":"2023-09-07T10:28:49","modified_gmt":"2023-09-07T14:28:49","slug":"the-results-of-out-of-control-spending","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=51862","title":{"rendered":"The Results Of Out-Of-Control Spending"},"content":{"rendered":"

On Wednesday, Issues & Insights<\/a> posted an article about the budget deficit.<\/p>\n

The article reports:<\/p>\n

Over the weekend, the Washington Post let it slip that all is not well in Bidenomicsville. The deficit, it reports, could end up hitting $2 trillion when the current fiscal year ends in three weeks, which it describes as an \u201cunexpected deficit surge.\u201d<\/strong><\/p>\n

In other words, the deficit will nearly double this year, calling the lie on one of President Joe Biden\u2019s favorite boasts about how he cut the deficit more than any president in history.<\/strong><\/p>\n

But while this apparently comes as a shock to the Post, as well as other liberal news sites that picked up on the Post report, anyone paying attention knew this was happening.<\/strong><\/p>\n

Back in February, for example, we pointed out that Biden\u2019s reckless economic policies had added more than $5 trillion<\/a> to projected deficits, even as he claimed he\u2019d done more to cut the deficit than \u201cany president in history.\u201d<\/strong><\/p>\n

…Now, households are paying dearly in the form of sharply higher prices for food, energy consumer goods, rents, and just about anything else they buy.<\/strong><\/p>\n

At the same time, Biden pushed through tax hikes and unleashed federal regulators, who are now gleefully writing rules to ban gas stoves, force electric car sales, slap massive new costs on energy producers, with plenty more to come. These are all anti-growth policies that are having their expected effect.<\/strong><\/p>\n

This is what Bidenomics is all about. And now we have a budget crisis that is snowballing.<\/strong><\/p>\n

That\u2019s because while revenues keep coming in \u201cunexpectedly\u201d low (thanks to Biden\u2019s sluggish economy), interest rate hikes are fueling massive increases in the cost of financing the federal government\u2019s $30 trillion debt load.<\/strong><\/p>\n

Shutting down the government to stop the spending may be the only way we even have a possibility of not seeing our economy collapse under the weight of the federal debt.<\/p>\n","protected":false},"excerpt":{"rendered":"

On Wednesday, Issues & Insights posted an article about the budget deficit. The article reports: Over the weekend, the Washington Post let it slip that all is not well in Bidenomicsville. The deficit, it reports, could end up hitting $2 … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[16736,2917,8123,12212,2017],"class_list":["post-51862","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-bidenomics","tag-federal-deficit","tag-inflation","tag-issues-insights","tag-out-of-control-federal-spending"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/51862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51862"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/51862\/revisions"}],"predecessor-version":[{"id":51863,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/51862\/revisions\/51863"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}