April 29, 2021
Takeaway: "Just in those first three Mad Libs bills listed up there â€” "The American [Noun] Planâ€ â€” Biden wants to spend an additional $6 trillion beyond what the federal government would ordinarily spend. Thatâ€™s about a third of the entire U.S. economy, all on top of the $4.4 trillion the government spent in 2019, the last non-pandemic year."But that's okay, we can just conjure more money out of thin air, the way we've been doing for decades. Of course, that cheapens the value of all the money already in people's wallets and accounts---i.e.
Welcome to Wiemar Germany. We'll need a wheelbarrow of money to buy a loaf of bread if Biden gets his way.
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