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The Biden administration is trying to pass a $3.5 trillion spending plan, one of the largest budgets in our nation’s history. “Transform” is the word that Biden and his leftist allies in Congress use when referring to this plan. Transform, indeed. They want to replace American prosperity and financial freedom with government dependence and endless subsidies.
Universal pre-kindergarten, paid family leave of up to 12 weeks, expanded child care, historic plans to “stop global warming,” dental, hearing, and vision benefits through Medicare. These are just some of the plans of an increasingly leftist Democratic Party. Faced with these expensive “gifts”, Americans are left with this basic question: Who is paying for this budget?
Unbelievably, Biden, Pelosi, and Psaki have dared to say that the cost will be zero. Why is there much discussion and fight around this Santa Claus wishlist if the cost is supposed to be nothing?
In real life, every dollar that the government spends comes out of somewhere. And no matter if is financed with debt or with taxes, American citizens will have to pay for it. The claim that big corporations are going to pay for this budget is a euphemism. Corporations do not pay taxes. Those who pay are consumers—who will see how the prices of products increase—or the workers that companies will fire when their budget is reduced due to the increase in taxes.
This socialist-style proposal presents a danger to the nation worse than an economic disaster. The reckless distribution of government subsidies for quite literally everything, in addition to the expansion of a welfare state that prompts people to not work, causes irreparable damage to the ethics of society. America is great because of economic freedom and work ethic, principles that are instilled in the foundations of this great nation.
The position of moderate Democrats like Senator Joe Manchin (D-WV), who understands the damage of these proposals, is critical to safeguarding this nation. One can only hope that this radical proposal does not pass.
Vanessa Vallejo. Co-editor-in-chief of El American. Economist. Podcaster. Political and economic analysis of America. Colombian exile in the United States // Vanessa Vallejo. Co-editora en jefe de El American. Economista. Podcaster. Análisis político y económico de América. Colombiana exiliada en EE. UU.