Tuesday, June 8, 2021

Biden's failure to Stop the Fraud; Biden Buries Bad News of a Bloated, Reckless Budget and Hopes You Won’t Notice

AP Photo/Susan Walsh
Biden's failure to stop the fraud:
The obligation to pay taxes is one of life’s irritating necessities. It is the ease with which government allows the pilfering of hard-earned dollars that drives Americans to pay their taxes with a scowl. As the White House champions a colossal, $6 trillion budget for fiscal 2022, tens of billions are disappearing out the back door. If President Biden hopes to win voters’ approval, he must put a stop to the fakery and fraud that undermines trust in leadership upon which the republic stands.
As The Washington Times detailed earlier this week, the amount of money cheaters have swiped from government-provided COVID-19 relief funds is stupendous. The Small Business Administration has identified more than $79 billion in potentially fraudulent economic injury disaster loans dispensed during the pandemic. An additional $90 billion has been doled out to individuals falsely claiming eligibility for enhanced COVID-19-related unemployment benefits, according to Labor Department estimates. Taken together, the lost funds nearly equal the annual budget of Argentina.
Washington has made the process of applying online for government coronavirus funds — using proper or bogus personal information — nearly as easy as ordering products from Amazon. Federal investigators are busy catching up with abusers, but funds acquired through fraud and already spent may never be returned to the U.S. Treasury. --->READ MORE HERE
Photo: T.J. Kirkpatrick/Getty Images
Biden Buries Bad News of a Bloated, Reckless Budget and Hopes You Won’t Notice:
When there’s bad news to be released in Washington, a tried-and-true tactic is to dump it on a Friday afternoon. If it’s really bad news, then make sure to release it before a long holiday weekend.
President Joe Biden followed this strategy, releasing his budget proposal on the Friday afternoon before the Memorial Day holiday.
And this budget is bad news for taxpayers. Biden’s budget is unreasonable and irresponsible, and should be rejected.
Biden has quoted his father as saying, “Show me your budget, and I’ll tell you what you value.”
Based on his budget, Biden values higher taxes and more government control over people’s lives.
The message coming out of the White House is that the enlarged federal government funded by this budget will have nothing but benefits for people. Who doesn’t want more support for education, subsidized electric vehicles, and better infrastructure?
But the government spending comes at a high cost.
When the federal government pays for something, that means the politicians and bureaucrats are in charge, complete with their rules and regulations.
And despite what the so-called Modern Monetary Theory that has become popular on the left claims, higher government spending has to be paid for somehow. Biden wants much higher taxes to take the money out of the control of the private sector—aka the people—so that government can direct the nation’s “investments.” --->READ MORE HERE

If you like what you see, please "Like" us on Facebook either here or here. Please follow us on Twitter here.

No comments: