March 26, 2021
I’m growing quite tired of politicians and their misguided, populist, socialist-style economic proposals… And I imagine you are, too.
We have too many populists in Washington, D.C. who are hellbent on destroying the capitalist fundamentals of our nation. If these demagogues keep running amok in the White House, there will be grave consequences… They will ruin our country.
Not that they see it that way, naturally.
It wasn’t supposed to be this way… After all, wasn’t Joe Biden just the “decent” guy? Didn’t he run on “character” as opposed to policy?
Or so they said… Indeed, the entire mirage put forward in the 2020 campaign was that Biden was a nice guy and a centrist.
I have no idea whether he’s nice or not, but I do know this… Joe Biden is not a centrist.
The Left’s Attempt to ‘Remake America’ With Massive Spending Initiatives
What we are currently witnessing is an attempt to remake the nation’s economy into something it is not… nor should it ever be.
The Biden economic team is proposing $3 trillion in additional stimulus measures for things like green-energy initiatives, wealth equality, and infrastructure spending. This is money that we don’t have. We’re already running a debt-to-GDP ratio upward of 102%…
Meaning, we spend more than we make every year. This lack of fiscal accountability is just fine with politicians who care only about the here and now, but the average American knows it’s unsustainable and could eventually bankrupt the nation.
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The additional stimulus proposal is irresponsible and unnecessary. As I explained last week, why are we spending a wartime amount of stimulus when the “war” with coronavirus is nearly won? Heck, even former Clinton Treasury Secretary Larry Summers knows better… On Bloomberg Television, he said this was the most irresponsible macroeconomic policy in 40 years!
The hysteria surrounding COVID has been overblown… And the government’s response to it has been troubling, with many politicians using the nation’s panic for political profit.
This is very concerning to me… For those Americans who have worked hard and tried to save wisely, for those folks who have tried to put away a decent retirement, the Fed’s free money and Biden’s endless stimulus proposals will have a devastating effect.
And to add insult to injury, it’s not just record spending and money printing that is at issue… If Joe and Kamala get their way, it’s soon to be record taxes.
President Biden is planning the greatest tax hike since 1993, with plans to raise taxes on families with $400,000 in income.
Except, full disclosure: Joe doesn’t quite know that. Let me explain…
Now, there are people who believe he’s slipping… At 78 years old, critics say he’s really showing his age. He recently stunned the world with his fall up the stairs of Air Force One last Friday, and this came just days after he shocked people by referring to his Vice President Kamala Harris as “President Harris.”
But here’s what disturbs me the most… Biden clearly doesn’t understand his own tax policy… the very one he’s proposing!
Biden wants to initiate the biggest increase in federal taxes since 1993, yet he doesn’t even know who would be impacted by his proposal.
“If you make less than $400,000, you’re not going to see one single penny in additional federal tax,” he told ABC News in a recent interview.
But that’s not correct.
White House Press Secretary Jen Psaki had to come in for a clean-up act (again), explaining that the president had misspoken. You see, $400k is an all-inclusive family number. So if a husband and wife earn $200k each, well then, their taxes are going up.
The Left’s War on Women and Families
I’ve written before about the struggles this country’s middle class face. And they continue…
Today, Harris will sit down with Bill Clinton to discuss the economic challenges women have faced during the pandemic. But here’s the problem — many of the challenges have been created by the government itself and could be rather easily fixed.
Why are people penalized for working hard and earning more? Why are Americans punished for having two earners in a household?
This is, once again, an example of lousy policies that effectively hurt families and working women. If you’re married, with two earners in a household instead of one… then your tax rate will be higher.
You know, if the Left really cared about women in the workplace, then tax rates should not go up for two earners.
And yet, Biden’s tax policies serve as disincentives for marriage… Why be married if the government is just going to take more of your money?
In the early 1960s, before President Lyndon B. Johnson’s “War on Poverty” began, 8% of babies were born to single mothers.
Today, that number hovers near 40%.
Now, to be clear, I’m not saying everyone needs to be married nor that people should stay in a bad marriage… However, I am questioning why our tax policy actually incentivizes people to not be married.
Studies have shown that the most common factor determining a child’s future earning potential is coming from a two-parent household. And it’s hard work having kids, so having two parents there to help is actually a good thing that our government tax policies should reward.
If the government actually wanted to promote marriage, then tax rates should not go up for two earners.
The Left is touting “the success of women” via Kamala Harris as Vice President…
Yet, the Left has shown us through its policies that Democrat politicians do not really care about women working. If they did, then why would they keep schools shut down indefinitely? Whether the Left wants to admit it or not, women are still the primary caregivers in American families… So, how can a woman work when she’s trying to manage Zoom school days for a six-year-old?
And to be clear, the administration has no intention of rushing the teachers unions back to work. The Education Secretary was on NBC’s Today Show yesterday saying they hoped to have kids back in school this fall.
What happened to the $150 billion to reopen schools? Even the CDC now says three feet apart is fine in schools (instead of six) – but we’re not going to be fully back until the fall?
Women have been unfairly impacted throughout the pandemic lockdowns… with the unemployment rate highest for women.
Policies matter… or they should.
Sadly, it appears they mean very little to the politicians currently running America. So much for decency, Joe.
- Instead of trillions of dollars injected by the Fed, the injection of millions of vaccines will prove the best stimulus for America’s economy, expediting the reopening of our country’s businesses.
- At this point, America’s $28 trillion in national debt has eclipsed our GDP – since China owns $2 trillion of our debt, future higher interest rates and taxes will ostensibly be funneling money to the Red Dragon.
- Just as the stimulus bills gave money to many Americans who didn’t need it, Senator Elizabeth Warren’s proposed wealth tax could penalize people who aren’t even part of the much-maligned 1%.
- Unlike New York’s criminal incompetence, Florida, Texas, and Tennessee are the veritable posterchildren for how states can thrive during a pandemic.
Our reader feedback inbox is stuffed with e-mails from Buck Sexton’s Fauci Must Go daily from earlier this week… We’re sharing a few of them today.
This is a real-life article about how people do not question by using logic. The majority of American people believe in the lie and have thrown out logic. We are too lazy to do the research and look for the truth like this British study. I am amazed at our complete buy into one man. To me, this man is holding on to the limelight and power. He is aware that once life returns to pre covid, he is yesterday’s news. – Angel R.
Fauci’s “science” has been about as accurate as his first pitch at the Washington Nationals game. – David S.
Great site… Just finished Buck Sexton’s discussion of the infamous Dr. F. Well stated!
Thank you! – Warren M.
Thankfully, you represent the interests of the people while our elected officials work overtime to remove our cherished freedoms. – Bruce H.
Great article Buck on when we will be rid of Dr Fauci. It is amazing that so many people think he is God when it comes to what to do about masks. When are we as a nation going to get a spine and start thinking for ourselves instead of just being like sheep and follow the talking heads? Keep up the good work and love the various articles in the magazine. – David P.
Mr. Sexton, You are so right about the autocratic medical left in government. Fauci loves the public eye and his egotism will not let go. Spread the fear as long as possible is their mantra. I’m a physician and disagree with the current recommendations. There is little “science” — it is all about control and uncle Joe and his cronies are the leaders. – Larry R.
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Publisher, American Consequences
With Editorial Staff
March 26, 2021