Ayn Rand explains how leaders with a collectivist mindset can justify such lusty sums for pet projects and public largess even though we are experiencing record inflation partly due to previous enormous spending. It comes from altruism, paired with a neurotic lack of self-esteem in a leader or among lawmakers that fuels the need for ever more spending on “the public good”. It is based upon the need to feel good, rather than actually doing good.
President Biden
How did we get to multi-trillion dollar spending bills? Ayn Rand had an answer.
The public who support these policies get to feel good about themselves too, but only for a little while, until the bill comes due. By the time they're paying $5 for a loaf of bread, and $6 for a gallon of gas, it's too late.
LR Podcast S2E1: “We the Government”
The “Infrastructure” plan. (talked about at length in episode 51.) Congress using the same “bait and switch” language in describing it. They're selling it as an infrastructure plan, but what you really get is about 7% infrastructure and the rest Green New Deal crony capitalism.
The SOTU address for the non-economically illiterate.
That's a total bill of $4.1 trillion. To put that in perspective, the US brought in $3.46 tr in tax revenue in 2019. That means that if 100% of ALL income taxes collected went JUST to those two schemes and nothing else, $0 for military, $0 for FEMA and other emergency relief, nothing but those two items, we could not pay for them. Assuming a national debt of roughly $28 tr: If we dedicated 100% of tax revenue to pay down our existing debt, it would take about 8 years.
LR Podcast #50: The Historic 50th Episode!
For the life so far of the podcast, our liberties have been under threat, particularly since the beginning of the COVID-19 crisis. It was surprising in some cases, just how easily some of our Constitutional rights such as the freedom of religion were lost.
LR Podcast Episode #47: Never have so many owed so much.
This is just the beginning. The Democrats will announce (safe prediction) a "climate crisis", after or even before the COVID-19 crisis is over in order to justify more spending and greater control of the economy. This will open the door more massive Green New Deal spending and regulation.
LR Podcast Episode #46: Answer in the form of a question
He did without a hint of irony, suggest we could celebrate Independence Day and America's freedom, if we do exactly what the government tells us.
LR Podcast Episode #45 The Trust Gap
Cancel culture comes for Dr. Seuss, but there's a more nuanced perspective to the whole thing.
Biden has a low opinion of Neanderthals and people who value freedom.
They lack the imagination to conceive of a people who value freedom more than a little temporary safety. The obvious implication is that the people who voted for the governors of TX and MS are not smart enough to make decisions for themselves and accept the consequences.
LR Podcast #42 What the Government Should Stop Doing Now.
The proposed 5-7 thousand troops is still too high. It's an expensive way to gaslight the people into believing that their neighbor who had a Trump sign in their yard is a potential terrorist.
