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Biden’s Crazy Spending Bill

Biden’s Crazy Spending Bill

On the heels of the massive $1.9 trillion stimulus, relief, virus promotion, welfare bill, President Biden and his congressional delegation proposed a massive combination so-called infrastructure bill that created a totally new concept — human infrastructure. The latter portion was merely another effort to get more folks hooked on progressive give-away programs. 

I was kind of hoping that human infrastructure meant that Uncle Sam would pay for a hip replacement if I ever needed one.  Ooops!  I forgot.  I am on Medicare so Uncle Sam will be picking up the tab for most of that.  My supplemental plan – for which I pay zero premium and have no idea who is paying it – will cover all the rest.

The idea of putting some $6 trillion of spending (the conservative estimate) in one bill seemed a bit over ambitious, to say the least.  Even some congressional Democrats choked on that one.

It was decided – based on pressure from Republicans in Congress – that real honest-to-goodness infrastructure should be handled separate from the bag-of-goodies human infrastructure bill. 

And so it was.  Maybe … or maybe not.

Re-connecting the legislation

The radical left-wingers in the Democratic Party have prevailed on Speaker Nancy Pelosi to not pass the bipartisan infrastructure bill until after the Senate approves the $4 trillion so-called human infrastructure bill – essentially breaking the deal to handle them separately with the bipartisan bill moving through Congress first.  Once again, Pelosi has shown her contempt of personal integrity and bipartisanship. 

The economics of insane spending in Washington

While there is a lot of debate over the various Biden big spending bills, we need to understand the overarching economic realities.

Officially, the Biden administration is calling for the spending of $7-plus trillion dollars in its first six months in office – and that is if you believe the official numbers.  If you do, you are very foolish.

There is an inviolate rule in government spending.  Estimated future expenditures will far exceed the initial estimate – and the anticipated revenues to cover the cost will fall far short of the estimate.  Ergo, more borrowing.  Greater National Debt.  Some economists already estimate that the cost of the three Biden legislative packages will exceed $10 trillion.

To get an idea of how much money $10 trillion really is … if we spend one dollar every day since the Big Bang launched our universe, we would only have reached the $5 trillion dollar mark today.  It would take another 14 billion years to spend what Biden & Co. proposes to spend in six months.

If we gave away that $10 trillion dollars to every man, woman and child in America, we would all be getting a check for more than $30,000 each. 

And keep in mind that Biden’s all NEW spending bill goes over the top of the $4.8 trillion annual federal budget for 2020 – with the biggest expenditures being Social Security and … INTEREST ON THE DEBT. 

Much of that Biden money will be borrowed.  America is currently borrowing more than 40 percent of the cost of the federal government every year.  That means that we are placing an enormous economic burden on our children, grandchildren and even great grandchildren.  We are destroying their economic future to satisfy our insatiable desires.  There is now more obnoxious example of taxation without representation.

The Biden expenditures are being passed and proposed despite the fact that the December 2020 stimulus package poured excessive money into the economy – kicking off our current inflation.  In addition, there are still $1 trillion dollars from past legislation that the government has not yet spent.  This will put even more money into an economy that is already drowning in liquidity. 

Jerome Powell, Chairman of the Federal Reserve has already admitted that he underestimated the inflationary impact from the flow of money into the economy – and that inflation is likely be worse than they recently projected.  It is already worse – and will get worser.

Why all that spending?

The Democrat strategy of big spending is very simple.  It is to make more and more of us dependent on government money.  And that translates to more votes … more power … for the party that will provide that money.

The problem is not the money that is supposed to help the poor – although that is part of it.  But most of those trillions upon trillions of dollars are not for the poor.  They are for the middle class and the elite.  It goes to academic institutions, civic groups, corporations and unions run by highly compensated executives.  Universities and professors thrive on government grants.  Government jobs are union jobs. This cuts out the more than 90 percent of the American contractors and workers who are not members of unions.  The money flows to other government entities – states, cities, school districts.  Millionaires like Al Sharpton have been the benefactors of government money – and he is by far not the only one.

Democrats see the federal treasury as a partisan bank that is the foundation of their political power.  That is why all the excessive spending.  As Benjamin Franklin once said, “When the people find that they can vote themselves money that will herald the end of the republic.”

He also responded to a question as to what form of government they created.  He replied, “A Republic, if you can keep it.”

Franklin’s pessimism was not unwarranted.  His worse fears are being played out today.  The only remaining question is whether America has the will and resolve to end this downward economic spiral leading to an inevitable disaster. It will be inflation for us and economic collapse for out progeny.

So, there ‘tis.

About The Author

Larry Horist

So,there‘tis… The opinions, perspectives and analyses of Larry Horist Larry Horist is a businessman, conservative writer and political strategist with an extensive background in economics and public policy. Clients of his consulting firm have included such conservative icons as Steve Forbes and Milton Friedman. He has served as a consultant to the Nixon White House and travelled the country as a spokesman for President Reagan’s economic reforms. He has testified as an expert witness before numerous legislative bodies, including the U. S. Congress. Horist has lectured and taught courses at numerous colleges and universities, including Harvard, Northwestern, DePaul universities, Hope College and his alma mater, Knox College. He has been a guest on hundreds of public affairs talk shows, and hosted his own program, “Chicago In Sight,” on WIND radio. Horist was a one-time candidate for mayor of Chicago and served as Executive Director of the City Club of Chicago, where he led a successful two-year campaign to save the historic Chicago Theatre from the wrecking ball. An award-winning debater, his insightful and sometimes controversial commentaries appear frequently on the editorial pages of newspapers across the nation. He is praised by readers for his style, substance and sense of humor. According to one reader, Horist is the “new Charles Krauthammer.” He is actively semi-retired in Boca Raton, Florida where he devotes his time to writing. So, there ‘tis is Horist’s signature sign off.


  1. Dan Tyree

    You called it right. Retard joe is bat shit crazy

  2. Ben

    Is it FINALLY Infrastructure Week?

    Good luck with your hip replacement, enjoy your entitlements. You Fucking Boomers have destroyed everything, the environment, social security, pensions… y’all got yours tho! There’s nothing your generation hasn’t made worse for our generation.
    And you retire to death’s waiting room spouting your elitist BS , complaining about the Government making life a little easier for the “others”.
    GTFO ! I can’t wait for you old fucks to die and take the Republican Party with you.

    • larry Horist

      Ah… the real Ben appears. Mean … vicious … and incoherent. I will not provide you the dignity of a counterpoint response since you comments are self-indicting. I do pity your ruined life as you seem to see it. But I do not feel responsible.

      • Ben

        Larry, Great rebuttal
        What is incoherent about my rant? It’s pretty clearly laid out.
        If you think that’s vicious, you are softer than I would have thought, you snowflake.

        Of course you wouldn’t take responsibility, you are a Republican, you got yours.

        My life is good, it’s the lives of the people I live and work around that I’m concerned with. By every measurable, things are worse for more people than any other time since the great depression
        Just wait around to die in your ivory tower.

      • Ben

        Larry, I’m a professional firefighter, there’s a reason for that. I barely graduated high school. Had to cheat off Monica Bennet ( smartest black girl I’ve ever had the pleasure of meeting) just in order to pass my math final. You on the other hand are an elitist journalist, Harvard lecturer, and the “next Charlie K”. Your rebuttals reflect the real you. Misspellings, typos, and that ever present” I’m better than you “ attitude.
        There’s a reason that my posts are what they are, what is your excuse?
        You can say you won’t acknowledge my points because I was “mean”, but we both know there is really no rebuttal for the damage your entitled generation has done to America.

    • Dan Tyree

      Ben go eat shit you commie asshole

      • Ben

        Dan, my generation is eating shit because of your generation.
        On a side note, that was a poignant rebuttal of my post. Keep up the good work.
        And again, I’m more closely aligned with democratic socialist movement, you authoritarian goon.

        • Nitpicker

          Ben, it’s quite easy to see where your problems stem from. You can’t run away from yourself!

          • Ben

            I don’t have problems.
            I embrace myself with love and acceptance.
            My life is good, I’m not running from anything.

        • Dan Tyree

          Ben we know that you’re a commie dumbass No need to flaunt it. Your dad probably jerked off in a flower pot and raised a blooming idiot

          • Ben

            Dan, trump sent me an email saying I was one of the most patriotic Americans he knows of. So take that. Well, that and to ask for money. For a “rich guy”, he sure asks me, for money a lot.

    • Florida Phil

      How about “Infrastructure WeAk”? Exactly what we’re now in. Funny which group you believe (as opposed to “think”) are the “elitists”. I’m sure that you also believe it’s the Republicans who defunded the police. You guys are so predictable…

    • tlc

      Ben, I have paid over $90K to Social Security and never have taken a dime. I will not get to collect till next year. I am in the middle of the boomer generation. Half of us have not seen a dime. Our parents have though. Without the achievements of our generation you would not be able to post your comments.

      • Ben

        Thank you for illustrating my point. Half of you generation hasn’t seen a dime because the other half have wrecked everything.
        I’m not sure what you think your generation did to enable my freedom of speech, but if you are referring to the internet, I don’t think the world is a better place for it. People like Larry are able to reach a much larger audience with the advent of the internet than if he were just holding court with a few college students.

  3. frank stetson

    Larry, once again I agree with the premise that we have too much debt, too much deficit. But, in many cases, I can prove your math wrong, comparisons wrong, and assumptions wrong. Problem is, like Biden, you have put ten pounds of shit in a two pound bag.

    I do agree that these mega bills hide a lot of spending that, in the first bills case, wasn’t traditional infrastructure, and in the latest bifurcation, probably a good number that don’t fit the “human infrastructure” plan.

    Also, we all fool ourselves with looking at these multi-year plans as being this year only. Sort of means it can be changed every two years with a new Congress anyways.

    Bottom line: the Government spends a lot of money. But our taxes are so low, they could even spend more. We can argue should they spend it, or should we — it’s a good argument to have and will be had forever in the future. Then, the only way to do this is to argue each line item in spending, the value, and the return on investment, either monetary or societal benefit.

    For example, there is got to be a good return at some level for feeding people without food so they don’t kill us in our sleep for a biscuit. That’s a good argument. Or, if I invest in solar, do I get my money back with interest, and/or do I kick start an industry for the future that pays us back over and over for decades. If you look at Obama’s stimulus, and this program, you find the investment loss of Solyndra, but a nice profit, via loan paybacks with interest, to the government and also to the nation as it DID kickstart an industry that will provide paybacks in jobs and virtually free energy for decades.

    I agree that our debt and deficit are too high, out of touch with reality, and our GDP/debt ratio has never been higher. There is no economist that can tell you how much is too much, but any economist can tell you we have never been more leveraged and that’s not a good place to be. So, I say keep spending, but not too much, and be sure the roi is there to support growth in the future. Not sure this Biden spend does that, but I am certain it is the largest spend in history and we need to address the line items very carefully. Not the way you have with mixed math, false assumptions, and strange comparisons.

    • Nitpicker

      Geez Frank, using more words is not going to make you an intellectual. You’ve really perfected the art of talking out of both sides of your face. Make up your mind.

  4. frank stetson

    Nitpick, I understand the difficulties of the reading challenged. But yet my response is shorter than the OP and you don’t bitch about that. How about some proof of my perfection? Of course not, you just throw stones, you can’t back them up.

    Heck, Larry’s bio is longer than my post :>)

    • Nitpicker

      It’s your “perfection”. You provide the proof, if you can.

    • Nitpicker

      Larry IS an intellectual.

      • Nitpicker

        I did address your “perfection”. You talk out of both sides of your face. Is Biden blowing up the economy or not?

      • Ben

        Damn Picker, it seems like a new romance is in the air. It’s cute how you rush to Larry’s defense.

    • Nitpicker

      Oh yeah, I’m really sorry about your reading challenges. Things will get better.

  5. frank stetson

    Oh, I get it; long posts are bad, your machine-gun stuttering posts are OK. One shot every two minutes, cool.

    How can I speak out of two sides of my mouth at once, when you think I have said nothing at all?

    You say he IS an intellectual, I reply: get a room buddy. I am, according to you, “challenged,” “two faced,” not intellectual because “using more words is not going to make you an intellectual.” Hmmm, should pot really call kettle black? Sure seems you use the same metric to come to two different conclusions…. Why is it with you guys it’s always about how long is it?

    All fooin aside, sure, I am not as smart as Larry. Never said I was. That does not mean I don’t have ideas, that I don’t have feelings, aspirations, dreams. Most important, that I don’t have the right to speak. That’s what I like about the site — liberals can speak freely here and management approves and does not censor (at least so far). They don’t even seem to have word limit issues, unlike some.

    To answer your specific question, finally explained in plain-speak, about Biden blowing up the economy, specifically with this legislation, Nitpick, no one knows. No one can know.

    But amazingly, my conclusions, although nuanced, and I know that’s really tough for you black n white, binary, bullet point, sound bite guys, is EXACTLY what I wrote at the end which is often where you find a conclusion. I said: “I agree that our debt and deficit are too high, out of touch with reality, and our GDP/debt ratio has never been higher. There is no economist that can tell you how much is too much, but any economist can tell you we have never been more leveraged and that’s not a good place to be. So, I say keep spending, but not too much, and be sure the roi is there to support growth in the future. Not sure this Biden spend does that, but I am certain it is the largest spend in history and we need to address the line items very carefully.”

    • Be

      Frank the answer to your problem is to shut up. It’s better to be thought of as a dumbass than post bullshit and remove all doubt

  6. frank stetson

    Very clever. I am so moved. Of course, it that’s the best you can do, I will keep posting. Amazingly, my name comes first in any post. You do know that you can skip reading it at that point? You already know what you think, whatever could I add?

    But no, you have to comment, rudely, not debating the point, just tossing stuff to see what names stick. I think we got the ole pot-kettle thing going on again.

    If you want to up your game, there’s always my Momma to insult, maybe some fat jokes, or the perennial commie stuff from the 1950’s. Cuz it’s obvious you aren’t able to push back based on the facts: name calling is all you got. Demeans you.

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