References: Joe Biden’s call for unity faces challenges from Republicans and Democrats (bostonherald.com); Rep. Ilhan Omar calls on Biden to back ‘recurring cash payments’ until economy recovers (msn.com)
Apparently Representative Ayanna Pressley (D. Mass.), despite her time on the Boston City Council and in Congress, has learned nothing about where the money the government spends comes from, and evidently doesn’t care. Neither do her “squad” buddies:
Biden’s plan calls for a round of $1,400 checks that, when combined with an earlier batch of $600 checks, would bring the total for most Americans to $2,000 — the amount many Democrats and even Trump had called for. But progressive U.S. Reps. Alexandria Ocasio Cortez, D-N.Y., and Cori Bush, D-Mo., were quick to say that $1,400 isn’t $2,000. And U.S. Rep. Ayanna Pressley, D-Mass., tweeted, “The people deserve, demand and require $2,000 recurring monthly survival checks.”
At least Ocasio-Cortez and Bush have their arithmetic correct, $1,400 isn’t $2,000. Maybe their student loans didn’t go to waste after all. But $1,400 plus $600 does equal $2,000. Rep. Ilhan Omar has also recently chirped in, demanding like Pressley that President Biden back “recurring cash payments” to people until the economy recovers. Goodness gracious, it’s wonderful to see such generosity in our elected representatives with your money. Of course, they have absolutely no intention of ever even thinking about paying it back.
See our posts of October, 20, 2020, The National Shame Of The National Debt, and November 15, 2020, Yes, By All Means Let’s Throw Away Money On This Phony Elitist Student Debt “Crisis”, if you want to read more about how your elected “progressive” representatives want to spend your money, your kids’ money, your grandkids’ money, your great-grandkids’ money, your great-great-grandkids’ money, and so on throughout the rest of eternity.
These people really need an education in how borrowing money works. There really should be some basic economic education required of new members of Congress so that they can learn and then understand that all the money they want to spend is not just sitting in some vault over at the Treasury Building waiting for someone to think up ways to spend it. Each person alive in this country right now owns approximately $80,000 of the existing national debt. Sure, let’s add another $10-20 thousand each to that – what the heck, in for a penny, in for a pound. But remember that the people pushing and voting for the idea aren’t going to pay it back. They’ll be long dead before that bill comes due.
And this is all on top of the equally moronic idea to spend another few hundred billion (at least) to pay off some or all of the existing student loan debt. A dumber idea than that has never been hatched by a Congress (well, that’s hyperbole, of course, it’s a bottomless well of dumb ideas on Capitol Hill). People who have already paid off their loans will revolt and those (the vast majority, by the way) that are perfectly able to pay will just take the extra money and buy a beemer.
Sigh…