Posted: May 08, 2022 12:01 AM
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As Ronald Reagan famously said, “Well, there you go again.”
Team Brandon has just promised another $33 Billion in military and humanitarian aid to Ukraine. That’s $33 Billion more than they have in the checkbook. But of course their bank (otherwise known as the Federal Reserve) has a very liberal overdraft policy. It will simply print up and/or borrow another $33 Billion and add it to our debt. Or should we say, our children’s debt.
The Congress will have no choice. Nancy gushed her support during her stopover. The President promised and Congress doesn’t want to be the Grinch who stole the presents. Russian aggression must be stopped…at all costs. According to the Defense Department (at least the Generals who hope to soon be well-paid consultants to the military industrial complex) this is critical. It’s an emergency so there will be no need to find offsets in bloated federal spending elsewhere in the budget. Just ignore the effect that massive deficits will surely